Clear-Span Warehouse with
For Sale
$1,375,000
2468 9th St, Loveland, CO 80537
Stand-alone facility combines office finish with warehouse and lab areas.
Property Size7,000 SF
Price / SF$196.43
Days on Market8
Property Features for 2468 9th St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Business Opportunities
Warehouse & Industrial
Clear Height
14 ft
Clear Span
Yes
Drive-In Doors
4
Additional Details
Outdoor Storage
Yes
Amenities
Central Air
3
I
21891
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Cushman & Wakefield
(970) 231-7513
Listed By:
Jason Ells · License #FA.040024170
(970) 231-7513
Source:
Xome
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 29 at 6:18PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This 7,000-square-foot stand-alone warehouse was built in 1980 and includes approximately 30% office finish. The interior also provides mezzanine storage, a lab area, and central air. Clear-span construction keeps the warehouse floor free of interior columns, while four grade-level doors measuring 12' x 12' support loading access. Ceiling height ranges from 12' to 14' at the center.
Located at 2468 9th St in Loveland, Colorado, the property includes parking along the east side of the site. Additional site functionality includes limited storage on the south side and space on the north side that may accommodate parking or building expansion, as described in the property information.
Located at 2468 9th St in Loveland, Colorado, the property includes parking along the east side of the site. Additional site functionality includes limited storage on the south side and space on the north side that may accommodate parking or building expansion, as described in the property information.
Key Highlights
- 7,000 SF stand‑alone warehouse building
- Approximately 30% office finish with warehouse lab and mezzanine storage
- Four grade‑level doors measuring 12' x 12'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,375
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,507,500
$1.5M
Cap Rate 7%
$1,076,786
$1.1M
Cap Rate 9%
$837,500
$837.5K
Market Conditions
NOI Build-Up for 7,000 SF
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.
Gross rent
$97.0K $13.86/SF
− Vacancy
−$8.3K −$1.19/SF
EGI
$88.7K $12.67/SF
− OpEx
−$13.3K −$1.90/SF
NOI
$75.4K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,507,500
Cap Rate 7%
$1,076,786
Cap Rate 9%
$837,500
Alternative Uses
Best Use
Warehouse
$1.08M
$942.2K – $1.26M
NOI $75,375 @ 7.0% cap · market cap 5.48%
Second Best
Industrial
$886.8K
$775.9K – $1.03M
NOI $62,073 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,524 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Stand-alone facility combines office finish with warehouse and lab areas.
Where is this warehouse located?
The property is located at 2468 9th St Loveland, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 7,000 SF stand‑alone warehouse building; Approximately 30% office finish with warehouse lab and mezzanine storage; Four grade‑level doors measuring 12' x 12'
