Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5971 Sky Pond Dr Loveland, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Premier retail destination in Loveland, Colorado with strong customer base.

    Type:RETAIL
    Property size:
    7,500 SF
    Lot size:
    77.56 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    220
    Last Refresh:
    Apr 5 at 8:11 pm

    Property Features for 5971 Sky Pond Dr

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Lot size
    77.56 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5971 Sky Pond Dr Contact us

    We can help!

    Listing Contact
    Peter Siepe

    Listing agent Peter Siepe

    Listing office Galway Companies

    Listing date Sep 22, 2025

    Source Moodyscre

    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 Galway Companies

    Overview

    Promenade Shops at Centerra Retail

    The Promenade Shops at Centerra, situated in Loveland, Colorado, serves as a regional retail and community hub. This open-air lifestyle center spans 493,000 square feet and is designed to blend shopping, connection, and experience. It features a mix of retail, dining, and entertainment options, complemented by year-round events. The property offers 7,500 square feet of space and is positioned as a gathering place for both residents and visitors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Signature Designs LLC Furniture & Home Goods Uniform Destination Loveland Shoe Store The Promenade Shops at Centerra Shopping Center & Mall The Spruced Goose Boutique ... Clothing & Fashion Store Paciugo Gelato & Coffee Grocery & Convenience Store

    Suggested Use

    Restaurant Building Supply Dental Office Law Firm Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Real Estate Agency Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sunglass Hut — 5971 Sky Pond Dr C130, Loveland, CO 80538
    • Janie's Graphics — 5825 mcwhinney blvd, loveland, co 80538
    • The Promenade Shops at Centerra — 5971 Sky Pond Dr, Loveland, CO 80538
    • Centerra — McWhinney Blvd, Loveland, CO 80538
    • Rocky Mountain — 1990 Rocky Mountain Ave, Loveland, CO 80538

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -104.989
    Latitude
    40.4159

    Nearby Similar for Lease

    • $25 SF/Yr

      Loveland Office Space For Rent

      Remodeled office space in high-visibility shopping center, Loveland, Colorado.
      1067 Eagle Dr, Loveland, CO 80537
      View Details
    • $24 SF/Yr

      Downtown Loveland Retail Space

      High-visibility retail space in downtown Loveland with creative interior.
      436 N Cleveland Ave, Loveland, CO 80537
      View Details
    • $13 SF/Yr

      Move-in Ready Office Suite

      Office suite with abundant natural light and lake views.
      2530 Abarr Dr, Loveland, CO 80538
      View Details
    • $14 SF/Yr

      Loveland Retail Spaces For Rent

      High visibility, renovated retail spaces with highway access in Loveland.
      1601 N Lincoln Ave, Loveland, CO 80538
      View Details
    • $16 SF/Yr

      Loveland Office Space For Lease

      Functional office spaces with high visibility and highway signage available.
      1712 Topaz Dr, Loveland, CO 80537
      View Details
    • $14 SF/Yr

      Industrial/Flex Unit Near Airport

      Functional industrial/flex unit with office and warehouse space for lease.
      6397 Aviation Cir, Loveland, CO 80538
      View Details
    • $16 SF/Yr

      High Visibility Loveland Office Space

      Convenient location with highway access, ideal for professional office uses.
      103 E 42nd St, Loveland, CO 80538
      View Details
    • $22 SF/Yr

      Premier Lakefront Medical/Wellness Office

      High-visibility medical/wellness office space with lakefront location and highway access.
      776 W Eisenhower Blvd, Loveland, CO 80537
      View Details
    • $13 SF/Yr

      Loveland Office-Retail Space for Lease

      Office and retail space available for lease in Loveland, Colorado.
      425 E Eisenhower Blvd, Loveland, CO 80537
      View Details
    • $11 SF/Yr

      Versatile Commercial Property, Loveland, CO

      Prime location with highway access, adaptable for various business needs.
      3850 Grant Ave, Loveland, CO 80538
      View Details
    • $9 SF/Yr

      Loveland Industrial Office/Warehouse Space

      Industrial office/warehouse for lease featuring office space and warehouse.
      6748 N Franklin Ave, Loveland, CO 80538
      View Details
    • $15 SF/Yr

      Functional Office Space, Loveland

      Convenient Loveland office space near US Hwy 34 and McKee.
      1717 Madison Ave, Loveland, CO 80538
      View Details

    FAQs

    What type of property is this?
    Shopping center - Premier retail destination in Loveland, Colorado with strong customer base.
    Where is this shopping center located?
    The property is located at 5971 Sky Pond Dr Loveland, CO.
    What are key features of this property?
    This property features: Premier retail and community destination in Loveland, Colorado.; Northern Colorado's leading open‑air lifestyle center, spanning 493,000 square feet.; Strong retail legacy and loyal customer base.
    (608) 327-4021 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Siepe
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!