Medical Office
For Sale
$4,375,000
2975 Ginnala Dr, Loveland, CO 80538
Medical office property offered for sale at 2975 Ginnala Dr in Loveland.
Property Size19,181 SF
Days on Market49
Property Features for 2975 Ginnala Dr
General Information
Standard status
Active
Size
19,181 SF
Property subtype
Office - Medical Office
Building Details
Building Size
19,181 SF
Year Built
2006
Listing Agency:
LC Real Estate Group
Listed By:
Nathan Klein · License #40037632
(970) 402-6432
Source:
Commercialcafe
Added: Jul 26
Changed: Sep 8
Last Checked: Sep 12 at 3:48AM
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 LC Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale medical office property is located at 2975 Ginnala Dr in Loveland, CO 80538. It is classified as office space with a medical office space designation.
The property’s available listing is positioned for prospective buyers seeking an office building configured for medical-related use. Additional details on layout, condition, and improvements were not provided in the available information, so interested parties should request the full offering package for specifications and allowances.
The property’s available listing is positioned for prospective buyers seeking an office building configured for medical-related use. Additional details on layout, condition, and improvements were not provided in the available information, so interested parties should request the full offering package for specifications and allowances.
Key Highlights
- Medical office property for sale at 2975 Ginnala Dr in Loveland
- Built in 2006
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
$276,636
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
6.32%
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%
$5,532,720
$5.5M
Cap Rate 7%
$3,951,943
$4.0M
Cap Rate 9%
$3,073,733
$3.1M
Market Conditions
NOI Build-Up for 19,181 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
$482.8K $25.17/SF
− Vacancy
−$21.7K −$1.13/SF
EGI
$461.1K $24.04/SF
− OpEx
−$184.4K −$9.61/SF
NOI
$276.6K $14.42/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$25.17 /SF/Yr
Expense Ratio
40.00%
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%
$5,532,720
Cap Rate 7%
$3,951,943
Cap Rate 9%
$3,073,733
Alternative Uses
Best Use
Healthcare Medical
$3.95M
$3.46M – $4.61M
NOI $276,636 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$3.88M
$3.40M – $4.53M
NOI $271,904 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$5.15M
$4.50M – $6.01M
NOI $360,394 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property offered for sale at 2975 Ginnala Dr in Loveland.
Where is this medical office space located?
The property is located at 2975 Ginnala Dr Loveland, CO.
What is the asking price?
The asking price for this property is $4,375,000.
What are key features of this property?
This property features: Medical office property for sale at 2975 Ginnala Dr in Loveland; Built in 2006
