Dental Medical Office
For Sale
Contact for pricing
3520 East 15th Street Unit 101, Loveland, CO 80538
Purpose-built medical suite with existing dental improvements and a functional clinical layout.
Property Size4,932 SF
Price / SF$425
Days on Market124
Property Features for 3520 East 15th Street Unit 101
General Information
Standard status
Active
Size
4,932 SF
Class
B
Property subtype
Office
Zoning
E, Employment Center District
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2011
Units
4
Listing Agency:
CBRE - Fort Collins
(970) 372-3840
Listed By:
Tyler Swenson · License #FA.100101226
Source:
Crexi
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 8:35AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
Unit 101 is a ±4,932-square-foot medical office condominium within Boyd Lake MOB Condominiums. Built in 2011, the suite includes existing dental improvements and a purpose-built layout suited to outpatient clinical operations. The property is positioned for an owner-user seeking an established medical-office configuration.
The suite fronts East Eisenhower Boulevard, also identified as US Highway 34, with additional frontage along East 15th Street. It is approximately one-quarter mile west of Boyd Lake Avenue and about 1.5 miles west of Interstate 25. Centerra, Medical Center of the Rockies, and Avenue South are nearby. The property is zoned E, Employment Center District, and is located in east Loveland near established commercial and residential development.
The suite fronts East Eisenhower Boulevard, also identified as US Highway 34, with additional frontage along East 15th Street. It is approximately one-quarter mile west of Boyd Lake Avenue and about 1.5 miles west of Interstate 25. Centerra, Medical Center of the Rockies, and Avenue South are nearby. The property is zoned E, Employment Center District, and is located in east Loveland near established commercial and residential development.
Key Highlights
- ±4,932‑square‑foot dental/medical office condominium
- Existing dental improvements with a purpose‑built clinical layout
- Constructed in 2011
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
$71,131
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
3.39%
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%
$1,422,620
$1.4M
Cap Rate 7%
$1,016,157
$1.0M
Cap Rate 9%
$790,344
$790.3K
Market Conditions
NOI Build-Up for 4,932 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
$124.1K $25.17/SF
− Vacancy
−$5.6K −$1.13/SF
EGI
$118.6K $24.04/SF
− OpEx
−$47.4K −$9.61/SF
NOI
$71.1K $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%
$1,422,620
Cap Rate 7%
$1,016,157
Cap Rate 9%
$790,344
Alternative Uses
Best Use
Healthcare Medical
$1.02M
$889.1K – $1.19M
NOI $71,131 @ 7.0% cap · market cap 3.39%
Second Best
Office B
$998.8K
$873.9K – $1.17M
NOI $69,915 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,668 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built medical suite with existing dental improvements and a functional clinical layout.
Where is this medical office space located?
The property is located at 3520 East 15th Street Unit 101 Loveland, CO.
What is the asking price?
The asking price for this property is $2,096,100.
What are key features of this property?
This property features: ±4,932‑square‑foot dental/medical office condominium; Existing dental improvements with a purpose‑built clinical layout; Constructed in 2011
