Affordable Flex Work Storage
5705 N Garfield Ave Loveland, CO 80538
For Sale
Contact for pricing
Small flex work/storage warehouse units range up to about 1,375 sf for office, workshop, or distribution uses.
Property Size1,250 SF
Price / SF$239.20
Days on Market468
Property Features for 5705 N Garfield Ave
General Information
Standard status
Active
Size
1,250 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE - Fort Collins
(970) 305-8113
Listed By:
Jake Hallauer · License #FA100028819
(970) 305-8113
Source:
Moodyscre
Added: Apr 18, 2025
Changed: Jul 25
Last Checked: Jul 28 at 4:16PM
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.
Small, affordable flex work/storage warehouse units offer space that can serve as an office, workshop, distribution warehouse, or storage area. Available unit sizes are approximately 1,250± sf up to 1,375± sf. The units are described as constructed with top quality materials and the latest building codes.
For buyers, the seller remarks indicate options including 3.99% interest-only financing for 36 months (with only two seller financing loans remaining), or an offer of $15,000 toward unit upgrades that ends July 31, 2026. The remarks also reference a lease structure where tenants who lease by July 31, 2026 receive two months free rent on a two-year minimum term.
These are flex-oriented warehouse units intended to combine light work space and storage in one small-footprint property.
For buyers, the seller remarks indicate options including 3.99% interest-only financing for 36 months (with only two seller financing loans remaining), or an offer of $15,000 toward unit upgrades that ends July 31, 2026. The remarks also reference a lease structure where tenants who lease by July 31, 2026 receive two months free rent on a two-year minimum term.
These are flex-oriented warehouse units intended to combine light work space and storage in one small-footprint property.
Key Highlights
- Flex work/storage warehouse units sized about 1,250 to 1,375 SF, suited for office, workshop, distribution, or storage use
- Small affordable flex work/storage warehouse units with unit size flexibility up to about 1,375 SF
- Seller financing: 3.99% interest‑only for 36 months (only 2 seller financing loans remain available; call for details)
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.3k | $13.86 |
| − Vacancy | −$1.5k | −$1.19 |
| EGI | $15.8k | $12.67 |
| − OpEx | −$2.4k | −$1.90 |
| NOI | $13.5k | $10.77 |
1,250 SF · lease $13.86/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$192.3K
$168.3K – $224.3K
NOI $13,460 @ 7.0% cap · market cap 4.50%
Second Best
Industrial
$158.4K
$138.6K – $184.8K
NOI $11,085 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$335.5K
$293.6K – $391.4K
NOI $23,486 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Small flex work/storage warehouse units range up to about 1,375 sf for office, workshop, or distribution uses.
Where is this flex space located?
The property is located at 5705 N Garfield Ave Loveland, CO.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Flex work/storage warehouse units sized about 1,250 to 1,375 SF, suited for office, workshop, distribution, or storage use; Small affordable flex work/storage warehouse units with unit size flexibility up to about 1,375 SF; Seller financing: 3.99% interest‑only for 36 months (only 2 seller financing loans remain available; call for details)
