Downtown Loveland Commercial
For Sale
$560,000
Pending
418 E 3rd St, Loveland, CO 80537
2,928 SF commercial building in downtown Loveland for sale.
Property Size2,928 SF
Days on Market236
Property Features for 418 E 3rd St
General Information
Standard status
Pending
Size
2,928 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$11,570
Building Details
Building Size
2,928 SF
Year Built
1973
Listing Agency:
YOUR CASTLE REAL ESTATE INC
Listed By:
Denise Baca
(303) 775-0511
Source:
Elliman
Added: Jan 26
Changed: Sep 4
Last Checked: Sep 19 at 9:11AM
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 YOUR CASTLE REAL ESTATE INC
Investment Insights
Based on property information with market context.
Located in downtown Loveland, Northern Colorado, this commercial building offers 2,928 square feet of space. The property benefits from high visibility and foot traffic. Its layout accommodates retail, restaurant, office, or mixed-use purposes. The property is situated among local businesses and provides access to major roads. It features flexible DT (Downtown) zoning and 400 amp, 120/208 volt, 3-phase power. Paved parking is available in front, and alley access in the back facilitates deliveries and exports for large vehicles.
Key Highlights
- Prime downtown Loveland location with high visibility and foot traffic.
- Flexible DT (Downtown) zoning allows for retail, restaurant, office, or mixed‑use.
- Spacious 2,928 square foot layout.
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
$41,507
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
7.41%
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%
$830,140
$830.1K
Cap Rate 7%
$592,957
$593.0K
Cap Rate 9%
$461,189
$461.2K
Market Conditions
NOI Build-Up for 2,928 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
$59.4K $20.28/SF
− Vacancy
−$4.0K −$1.38/SF
EGI
$55.3K $18.90/SF
− OpEx
−$13.8K −$4.73/SF
NOI
$41.5K $14.18/SF
Area
Larimer County, CO
Vacancy
6.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
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%
$830,140
Cap Rate 7%
$592,957
Cap Rate 9%
$461,189
Alternative Uses
Best Use
Office B
$593.0K
$518.8K – $691.8K
NOI $41,507 @ 7.0% cap · market cap 7.41%
Second Best
Specialty Retail
$450.5K
$394.2K – $525.6K
NOI $31,537 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$785.9K
$687.7K – $916.9K
NOI $55,015 @ 7.0% cap · market cap 9.82%
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
1,526
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail space - 2,928 SF commercial building in downtown Loveland for sale.
Where is this retail space located?
The property is located at 418 E 3rd St Loveland, CO.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Prime downtown Loveland location with high visibility and foot traffic.; Flexible DT (Downtown) zoning allows for retail, restaurant, office, or mixed‑use.; Spacious 2,928 square foot layout.
