Affordable Flex Work Storage
5705 North Garfield Avenue, Loveland, CO 80538
For Sale
$400,000
Small, affordable flex work/storage warehouse units for sale.
Property Size1,375 SF
Price / SF$290.91
Days on Market232
Property Features for 5705 North Garfield Avenue
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX
Listed By:
Michelle Hickey Crawford · License CO #1414
(970) 215-7016
Source:
Remaxcommercial
Added: Mar 26
Changed: Oct 25
Last Checked: Nov 12 at 4:11AM
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 RE/MAX
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Investment Insights
Based on property information with market context.
These flex work and storage warehouse units range from approximately 1,250 to 1,375 square feet, suitable for use as office space, workshops, distribution warehouses, or storage for collections. Constructed with quality materials and compliant with current building codes, these units offer flexibility, appropriate size, and affordability. The units include full HVAC for heating and cooling, a finished private restroom, and oversized 14-foot by 14-foot overhead doors with remote openers. The property features wide, paved drive aisles up to 72 feet. Each unit is equipped with 3-phase 100 amp power and LED lighting. Seller financing is available at 3.99% interest only for 36 months, with limited availability. Alternatively, buyers can opt for $15,000 towards unit upgrades until April 30, 2026. Leasing options are also available, with 2 months of free rent on a minimum 2-year term if leased by April 30, 2026.
Key Highlights
- Affordable flex work/storage units starting at $299,000.
- Flexible space suitable for office, workshop, distribution, or storage.
- Attractive financing options: 3.99% interest‑only for 36 months (limited availability) OR $15,000 towards upgrades (offer ends April 30, 2026).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,193
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,860
$243.9K
Cap Rate 7%
$174,186
$174.2K
Cap Rate 9%
$135,478
$135.5K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$19.1K $13.86/SF
− Vacancy
−$1.6K −$1.19/SF
EGI
$17.4K $12.67/SF
− OpEx
−$5.2K −$3.80/SF
NOI
$12.2K $8.87/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,860
Cap Rate 7%
$174,186
Cap Rate 9%
$135,478
Alternative Uses
Best Use
Industrial
$174.2K
$152.4K – $203.2K
NOI $12,193 @ 7.0% cap · market cap 3.05%
Second Best
Flex RnD
$161.7K
$141.5K – $188.7K
NOI $11,322 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$369.1K
$322.9K – $430.6K
NOI $25,835 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Under-served
Demand for This Use
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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
$472,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Loveland, CO
Properties on Market for Flex space in Loveland
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Small, affordable flex work/storage warehouse units for sale.
Where is this flex space located?
The property is located at 5705 North Garfield Avenue Loveland, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Affordable flex work/storage units starting at $299,000.; Flexible space suitable for office, workshop, distribution, or storage.; Attractive financing options: **3.99% interest‑only for 36 months (limited availability) OR $15,000 towards upgrades (offer ends April 30, 2026).**
