Mixed-Use Apartment and Retail
248 East 4th Street Loveland, CO 80537
For Sale
Contact for pricing
Stabilized mixed-use property with 27 apartment units and three established retail tenants across 21,004 square feet.
Property Size21,004 SF
Price / SF$223.77
Days on Market80
Property Features for 248 East 4th Street
General Information
- Standard status
- Active
- Size
- 21,004 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1906
Listing Agency:
Cushman & Wakefield - Denver, Colorado
(417) 459-2155
Listed By:
Lee Wagner · License #CO 100084704
Source:
Crexi
Added: May 5
Changed: Jul 22
Last Checked: Jul 23 at 9:56AM
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 - Denver, Colorado
Investment Insights
Based on property information with market context.
Lincoln Apartments is a stabilized, mixed-use asset with 27 vintage apartment units and three established retail tenants totaling 21,004 square feet. The building has benefited from a series of capital improvements, including a comprehensive renovation completed in 2016 and additional major infrastructure work in 2023.
Renovations in 2016 included building-wide sprinkler installation supported in part by a City of Loveland grant of $423,559. In 2023, the property received a full electrical overhaul, new heating infrastructure, and a new roof.
The property is located on E. 4th Street in downtown Loveland and is described as being immediately proximate to the Rialto Theater, Loveland Museum, Benson Sculpture Garden, and a local brewery scene.
Renovations in 2016 included building-wide sprinkler installation supported in part by a City of Loveland grant of $423,559. In 2023, the property received a full electrical overhaul, new heating infrastructure, and a new roof.
The property is located on E. 4th Street in downtown Loveland and is described as being immediately proximate to the Rialto Theater, Loveland Museum, Benson Sculpture Garden, and a local brewery scene.
Key Highlights
- Lincoln Apartments in downtown Loveland features 27 apartment units plus 3 established retail tenants.
- 21,004 SF mixed‑use building on E. 4th Street, steps from the Rialto Theater, Loveland Museum, and Benson Sculpture Garden.
- Renovated in 2016, including a City of Loveland grant of $423,559 for building‑wide sprinkler installation.
Financial Insights For Apartment 5plus
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 | $380.6k | $18.12 |
| − Vacancy | −$17.1k | −$0.82 |
| EGI | $363.5k | $17.30 |
| − OpEx | −$163.6k | −$7.79 |
| NOI | $199.9k | $9.52 |
21,004 SF · lease $18.12/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.86M
$2.50M – $3.33M
NOI $199,906 @ 7.0% cap · market cap 4.25%
Second Best
Retail
$2.63M
$2.30M – $3.06M
NOI $183,773 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$5.64M
$4.93M – $6.58M
NOI $394,647 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mary's Mountain Cookies ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Apartment building - Stabilized mixed-use property with 27 apartment units and three established retail tenants across 21,004 square feet.
Where is this apartment building located?
The property is located at 248 East 4th Street Loveland, CO.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Lincoln Apartments in downtown Loveland features 27 apartment units plus 3 established retail tenants.; 21,004 SF mixed‑use building on E. 4th Street, steps from the Rialto Theater, Loveland Museum, and Benson Sculpture Garden.; Renovated in 2016, including a City of Loveland grant of $423,559 for building‑wide sprinkler installation.
