Creative Warehouse-Office
229 SW 12th St Loveland, CO 80537
229 SW 12th St, Loveland, CO, 80537
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For Sale
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Two-story creative warehouse-office condo with office space on both levels and dedicated entrance and rear exit.
Property Size2,286 SF
Price / SF$188.10
Days on Market99
Property Features for 229 SW 12th St
General Information
- Standard status
- Active
- Size
- 2,286 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1979
Listing agency
Waypoint Real Estate
(970) 632-5050
Listed by
Jack Chunko · License #CO 100101170
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 1:13AM Checked: Jul 21 at 1:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waypoint Real Estate
Investment Insights
Based on property information with market context.
Available for lease or sale, this 2,286 SF creative warehouse-office condo offers a two-story layout designed for mixed workspace needs. The first floor includes an open work area, warehouse, kitchenette, two bathrooms, and storage, with a main entrance and a rear exit. The second floor features multiple private offices, an open work area open to below, utility storage, and a shower.
The building has signage available on the door and includes on-site parking along 12th Street. The property is zoned Developing Industrial (I) in Loveland.
With approximately 70% office build-out within the warehouse/office condo setting, the space is well-suited to configurations that combine manufacturing, storage, and office functions under one roof.
The building has signage available on the door and includes on-site parking along 12th Street. The property is zoned Developing Industrial (I) in Loveland.
With approximately 70% office build-out within the warehouse/office condo setting, the space is well-suited to configurations that combine manufacturing, storage, and office functions under one roof.
Key Highlights
- 2,286 SF two‑story creative warehouse‑office condo with office areas on both levels
- 1979 build with warehouse space on the first floor and office space on both levels
- First floor includes open work area, warehouse, kitchenette, 2 bathrooms, storage, main entrance, and rear exit
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $20.28 |
| − Vacancy | −$3.2k | −$1.38 |
| EGI | $43.2k | $18.90 |
| − OpEx | −$10.8k | −$4.73 |
| NOI | $32.4k | $14.18 |
2,286 SF · lease $20.28/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$462.9K
$405.1K – $540.1K
NOI $32,406 @ 7.0% cap · market cap 7.54%
Second Best
Warehouse
$351.6K
$307.7K – $410.3K
NOI $24,615 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$613.6K
$536.9K – $715.9K
NOI $42,952 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advanced Engineering LLC
Engineer
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FAQs
What type of property is this?
Flex space - Two-story creative warehouse-office condo with office space on both levels and dedicated entrance and rear exit.
Where is this flex space located?
The property is located at 229 SW 12th St Loveland, CO.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,286 SF two‑story creative warehouse‑office condo with office areas on both levels; 1979 build with warehouse space on the first floor and office space on both levels; First floor includes open work area, warehouse, kitchenette, 2 bathrooms, storage, main entrance, and rear exit
