Retail Building with
For Sale
Contact for pricing
320-344 W 37th St, Loveland, CO 80538
Retail building was built out for an escape room concept and includes signage and ample on-site parking.
Property Size4,293 SF
Price / SF$227.11
Days on Market779
Property Features for 320-344 W 37th St
General Information
Standard status
Active
Size
4,293 SF
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 776-3900
Listed By:
Jared Goodman · License #40017764
(970) 267-7723
Source:
Moodyscre
Added: Sep 12, 2024
Changed: Oct 26
Last Checked: Oct 28 at 9:07AM
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 | Fort Collins
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail building was being built out for an escape room concept, with some work still remaining to bring it to completion. The space also includes monument signage and building signage, along with plenty of parking.
The property is located on the north side of Loveland and is described as being close to Fort Collins, drawing customers and clients from nearby population hubs. A public transportation hub is directly west of the building.
While the existing build-out is specific to the escape room concept, the property may be re-imagined and finished with a new operator. The remarks also identify several potential use directions for consideration, including social services, financial services, legal, and spa or wellness.
The property is located on the north side of Loveland and is described as being close to Fort Collins, drawing customers and clients from nearby population hubs. A public transportation hub is directly west of the building.
While the existing build-out is specific to the escape room concept, the property may be re-imagined and finished with a new operator. The remarks also identify several potential use directions for consideration, including social services, financial services, legal, and spa or wellness.
Key Highlights
- Retail building built out for an escape room concept with remaining work needed for completion
- Monument signage and building signage included
- Ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,561
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,220
$751.2K
Cap Rate 7%
$536,586
$536.6K
Cap Rate 9%
$417,344
$417.3K
Market Conditions
NOI Build-Up for 4,293 SF
Gross rent
$57.7K $13.44/SF
− Vacancy
−$4.0K −$0.94/SF
EGI
$53.7K $12.50/SF
− OpEx
−$16.1K −$3.75/SF
NOI
$37.6K $8.75/SF
Area
Larimer County, CO
Vacancy
7.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,220
Cap Rate 7%
$536,586
Cap Rate 9%
$417,344
Alternative Uses
Best Use
Retail
$536.6K
$469.5K – $626.0K
NOI $37,561 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,662 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
979
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building was built out for an escape room concept and includes signage and ample on-site parking.
Where is this retail space located?
The property is located at 320-344 W 37th St Loveland, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Retail building built out for an escape room concept with remaining work needed for completion; Monument signage and building signage included; Ample on‑site parking
