LEED Gold Office
New
For Sale
$4,375,000
Pending
2975 Ginnala Dr, Loveland, CO 80538
Medical and professional tenants occupy a building with B zoning and energy-conscious design features.
Property Size19,181 SF
Days on Market1
Property Features for 2975 Ginnala Dr
General Information
Standard status
Pending
Size
19,181 SF
Class
Class A
Zoning
B
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Office
Medical Specialty
dental, ophthalmology
Amenities
LEED Gold Certified
cool-roof materials
native low-water landscaping
solar PV
fresh outside air cooling
high indoor air quality HVAC
high-efficiency boiler
daylit spaces with views
Full
Other
Cul-De-Sac,Level,Paved,Curbs,Gutters,Sidewalks,Street Light,Fire Hydrant within 500 Feet
Public
52571
1.21
No
Asphalt
City Street
19181
Building Details
Building Size
19,181 SF
Year Built
2006
Buildings
1
Tenancy
Multi
Listing Agency:
LC Real Estate Group, LLC
(970) 594-9228
Listed By:
Todd Jeskulski
Source:
Focalrealestategroup
Added: Oct 31
Last Checked: Oct 31 at 3:12AM
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, LLC
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Investment Insights
Based on property information with market context.
Completed in 2006, this LEED Gold-certified office building has medical and professional tenants, with medical office users representing 78% of the tenant mix. Interior features include full interior build-out, an HVAC system designed for indoor air quality, and a high-efficiency boiler. The building design provides daylight to 75% of spaces, while 90% have views of outdoor areas. Energy and water measures include cool-roof materials, native low-water landscaping and irrigation, and a 5.6 kWh photovoltaic contribution.
The property is two blocks from Highway 287 and accessible from 29th Street and Garfield Avenue. Orchards Shopping Center, anchored by King Soopers, Ace Hardware, and Office Depot, is one block east. The surrounding office park includes medical providers such as Banner Health, Fresenius, and Select Physical Therapy.
The property is two blocks from Highway 287 and accessible from 29th Street and Garfield Avenue. Orchards Shopping Center, anchored by King Soopers, Ace Hardware, and Office Depot, is one block east. The surrounding office park includes medical providers such as Banner Health, Fresenius, and Select Physical Therapy.
Key Highlights
- LEED Gold‑certified office building completed in 2006
- Medical office tenants account for 78% of the tenant mix
- Daylight reaches 75% of spaces; 90% have views of outdoor areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$276,636
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Medical and professional tenants occupy a building with B zoning and energy-conscious design features.
Where is this office building 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: LEED Gold‑certified office building completed in 2006; Medical office tenants account for 78% of the tenant mix; Daylight reaches 75% of spaces; 90% have views of outdoor areas
