Duplexes on Premium Corner
For Sale
$451,300
4797 Degas Dr, Loveland, CO 80538
Residential, Loveland, CO
Property Size1,586 SF
Lot Size0.09 Acres
Price / SF$284.55
Days on Market128
Property Features for 4797 Degas Dr
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Zoning
res
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Laundry Room, Bedroom 2, Bathroom 3, Laundry Room, Basement, Bathroom 1, Bedroom 1, Dining Room, Bathroom 2
Parking features
Open
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Eat-in Kitchen, Open Floorplan, Pantry, Walk-In Closet(s), Washer/Dryer Hookup, Kitchen Island
Fencing
Fenced
Basement
Crawl Space
Appliances
Electric Range, Dishwasher, Microwave, Disposal, Fire Alarm
Subdivision
Wilson Commons
Lot features
Corner Lot, Paved, Curbs, Gutters, Sidewalks
Elementary school
Ponderosa
Middle school
Erwin, Lucile
High school
Loveland
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R1682998
Size
1,586 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
HOA Fee
$89 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Building materials
Frame, Stone
Roof type
Composition
Listing Agency:
RE/MAX Alliance-FTC South · RE/MAX International
(970) 226-3990
Listed By:
Dennis Schick · License #40040924
(970) 567-3942
Added: May 8
Changed: Sep 12
Last Checked: Sep 12 at 6:06AM
MLS# 1058581
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.
This under-construction duplex property is planned as a two-story residence with 1,586 square feet, three bedrooms, and 2.5 bathrooms. The interior includes an eat-in kitchen with island, stainless appliances, walk-in pantry, open floor plan, walk-in closet, and an upper-level laundry room. Central air, forced-air heating, a tankless water heater, smart thermostat, 9-foot main-level walls, and a glass shower enclosure in the primary bathroom are included. The home also features an oversized one-car garage with opener, back patio, front-yard landscaping, and a fenced rear yard.
Set on a 0.09-acre premium corner lot in Loveland, the property carries residential zoning and is served by public sewer. HOA maintenance covers the front-yard landscaping. The planned completion date is September 2026, with a composition roof and active radon system included among the specified features.
Set on a 0.09-acre premium corner lot in Loveland, the property carries residential zoning and is served by public sewer. HOA maintenance covers the front-yard landscaping. The planned completion date is September 2026, with a composition roof and active radon system included among the specified features.
Key Highlights
- Two‑story duplex property with 1,586 square feet, 3 bedrooms, and 2.5 bathrooms
- Premium corner lot measuring 0.09 acres
- Kitchen includes island, stainless appliances, and walk‑in pantry
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
$16,325
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
3.62%
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%
$326,500
$326.5K
Cap Rate 7%
$233,214
$233.2K
Cap Rate 9%
$181,389
$181.4K
Market Conditions
NOI Build-Up for 1,586 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
$24.4K $15.36/SF
− Vacancy
−$1.0K −$0.66/SF
EGI
$23.3K $14.70/SF
− OpEx
−$7.0K −$4.41/SF
NOI
$16.3K $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%
$326,500
Cap Rate 7%
$233,214
Cap Rate 9%
$181,389
Alternative Uses
Best Use
Multifamily LT 5
$233.2K
$204.1K – $272.1K
NOI $16,325 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$215.6K
$188.7K – $251.6K
NOI $15,095 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$425.7K
$372.5K – $496.7K
NOI $29,800 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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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-story under-construction residence with an open kitchen, private patio, fenced rear yard, and attached garage.
Where is this duplex located?
The property is located at 4797 Degas Dr Loveland, CO.
What is the asking price?
The asking price for this property is $451,300.
What are key features of this property?
This property features: Two‑story duplex property with 1,586 square feet, 3 bedrooms, and 2.5 bathrooms; Premium corner lot measuring 0.09 acres; Kitchen includes island, stainless appliances, and walk‑in pantry
