2-Unit Side-by-Side
For Sale
$535,000
Pending
408 Glenda Drive, Loveland, CO 80537
Two ranch-style residences offer private access, attached garages, laundry, and separate outdoor areas in an established Loveland setting.
Property Size2,096 SF
Days on Market15
Property Features for 408 Glenda Drive
General Information
Standard status
Pending
Size
2,096 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,854
Building Details
Building Size
2,096 SF
Year Built
1977
Listing Agency:
Pro Property Management
Listed By:
Dionne Liggett · License #100036815
(970) 667-3400
Source:
Eliselosassore
Added: Aug 29
Changed: Sep 7
Last Checked: Sep 12 at 7:10AM
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 Pro Property Management
Investment Insights
Based on property information with market context.
This side-by-side ranch duplex at 408 Glenda Drive includes two separate residences, each with 3 bedrooms, 1 full bath, a private entrance, an attached 2-car garage, in-unit laundry, and private outdoor space. Both units provide generous living rooms, dedicated dining areas, and kitchens with cabinetry and storage. The layout gives each residence its own defined entry and exterior area while keeping both units under one roof.
The property was built in 1977 and includes mature landscaping and established outdoor spaces. Unit 408 received a new sprinkler system, furnace, hot water heater, and AC in 2026. Unit 410 received a new sprinkler system and AC in 2026. The Loveland location provides access to shopping, dining, parks, schools, and major Northern Colorado destinations.
The property was built in 1977 and includes mature landscaping and established outdoor spaces. Unit 408 received a new sprinkler system, furnace, hot water heater, and AC in 2026. Unit 410 received a new sprinkler system and AC in 2026. The Loveland location provides access to shopping, dining, parks, schools, and major Northern Colorado destinations.
Key Highlights
- Two‑unit side‑by‑side duplex with 3 bedrooms and 1 full bath per residence
- Each unit includes an attached 2‑car garage, in‑unit laundry, and private outdoor space
- 408 Glenda Drive, Loveland, CO 80537
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
$21,574
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
4.03%
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%
$431,480
$431.5K
Cap Rate 7%
$308,200
$308.2K
Cap Rate 9%
$239,711
$239.7K
Market Conditions
NOI Build-Up for 2,096 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
$32.2K $15.36/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$30.8K $14.70/SF
− OpEx
−$9.2K −$4.41/SF
NOI
$21.6K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
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%
$431,480
Cap Rate 7%
$308,200
Cap Rate 9%
$239,711
Alternative Uses
Best Use
Multifamily LT 5
$308.2K
$269.7K – $359.6K
NOI $21,574 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$285.0K
$249.4K – $332.5K
NOI $19,949 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$562.6K
$492.3K – $656.4K
NOI $39,382 @ 7.0% cap · market cap 7.36%
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
332
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style residences offer private access, attached garages, laundry, and separate outdoor areas in an established Loveland setting.
Where is this duplex located?
The property is located at 408 Glenda Drive Loveland, CO.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with 3 bedrooms and 1 full bath per residence; Each unit includes an attached 2‑car garage, in‑unit laundry, and private outdoor space; 408 Glenda Drive, Loveland, CO 80537
