Paired Villa Duplex on Corner
For Sale
$615,000
2984 Ariel Dr, Loveland, CO 80537
Residential, Loveland, CO
Property Size3,338 SF
Lot Size0.14 Acres
Price / SF$184.24
Days on Market47
Property Features for 2984 Ariel Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Res
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Laundry Room, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Game Room, Bedroom 4, Dining Room, Basement, Bathroom 3
Window features
Window Coverings
Patio and Porch features
Patio, Deck
Pets allowed
Cats OK, Dogs OK
Interior features
Eat-in Kitchen, Separate Dining Room, Open Floorplan, Walk-In Closet(s)
Exterior features
Sprinkler System
Fencing
Fenced
Fireplace
1
Basement
Full, Partially Finished
Appliances
Electric Range, Dishwasher, Microwave
Subdivision
Stone Creek
Lot features
Corner Lot, Paved, Curbs, Gutters, Sidewalks
Elementary school
Winona
Middle school
Bill Reed
High school
Mountain View
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Directions
North on St John from 1st Street, Right on Ariel
Standard status
Active
APN
R1651681
Size
3,338 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4068
HOA Fee
$100 Monthly
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
community clubhouse
workout facility
pool
open spaces
trails
Building Details
Year built
2011
Floors in Building
1
Building materials
Frame, Stone, Composition
Roof type
Composition
Listing Agency:
Group Centerra
(970) 613-0700
Listed By:
Joshua Sturgis
(970) 556-5305
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 1 at 2:06PM
MLS# 1064485
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
2984 Ariel Dr is a ranch-style paired villa duplex in the Stone Creek Subdivision. The main level includes two bedrooms, while the expansive finished basement adds two additional bedrooms, a full bathroom, and a generous recreation/game room for added living space. Interior features include an eat-in kitchen, separate dining room, open floorplan, and walk-in closets. The home has forced air heating and central air cooling, plus a fireplace. Appliance amenities include an electric range, dishwasher, and microwave.
Set on a corner lot, the property provides added privacy and is positioned just steps from the community clubhouse, workout facility, and pool. Outdoor features include a patio and deck, along with a sprinkler system and fenced yard. Additional utilities and services available include natural gas, public sewer, and forced air heating. The home was built in 2011.
With four bedrooms across the main and finished basement levels, the layout is well-suited for tenants or buyers seeking flexible indoor space within a planned community setting.
Set on a corner lot, the property provides added privacy and is positioned just steps from the community clubhouse, workout facility, and pool. Outdoor features include a patio and deck, along with a sprinkler system and fenced yard. Additional utilities and services available include natural gas, public sewer, and forced air heating. The home was built in 2011.
With four bedrooms across the main and finished basement levels, the layout is well-suited for tenants or buyers seeking flexible indoor space within a planned community setting.
Key Highlights
- Ranch‑style paired villa duplex in Stone Creek Subdivision
- 0.14‑acre corner lot near clubhouse, workout facility, and pool
- Finished basement with two additional bedrooms, full bathroom, and recreation/game room
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
$31,770
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
5.17%
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%
$635,400
$635.4K
Cap Rate 7%
$453,857
$453.9K
Cap Rate 9%
$353,000
$353.0K
Market Conditions
NOI Build-Up for 3,338 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
$60.5K $18.12/SF
− Vacancy
−$2.7K −$0.82/SF
EGI
$57.8K $17.30/SF
− OpEx
−$26.0K −$7.79/SF
NOI
$31.8K $9.52/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
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%
$635,400
Cap Rate 7%
$453,857
Cap Rate 9%
$353,000
Alternative Uses
Best Use
Apartment 5plus
$453.9K
$397.1K – $529.5K
NOI $31,770 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.0K
$784.0K – $1.05M
NOI $62,718 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Ranch-style paired villa with a finished basement, four bedrooms total, central air, and patio and deck amenities.
Where is this single family property located?
The property is located at 2984 Ariel Dr Loveland, CO.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Ranch‑style paired villa duplex in Stone Creek Subdivision; 0.14‑acre corner lot near clubhouse, workout facility, and pool; Finished basement with two additional bedrooms, full bathroom, and recreation/game room
