Modern Industrial Warehouse with
For Sale
Contact for pricing
6987 RICKENBACKER RD, Loveland, CO
2022-built warehouse with finished office, mezzanine, and outside storage for efficient industrial operations.
Property Size36,000 SF
Price / SF$266.56
Days on Market70
Property Features for 6987 RICKENBACKER RD
General Information
Standard status
Active
Size
36,000 SF
Property subtype
Industrial
Zoning
Developing Industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Stories
2
Units
1
Listing Agency:
Align Real Estate
Listed By:
Tanner Fanello · License #ER100069363
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 6 at 3:51AM
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 Align Real Estate
Investment Insights
Based on property information with market context.
6987 Rickenbacker Road is a modern 36,000 SF industrial warehouse built in 2022, offering a high-clear warehouse space with a structural mezzanine and outside storage. The building also includes finished office space, creating a practical split between production or warehousing activity and day-to-day office functions. With a flexible layout, the property supports a range of industrial uses and can work for owner-users, investors, or multi-tenant operations.
The asset is located within Loveland’s Airpark North industrial corridor and is described as having direct access to I-25 and Northern Colorado Regional Airport. It also benefits from proximity to the Amazon DEN9 Fulfillment Center, placing it in an active industrial area served by major transportation connections.
For tenants, buyers, and operators, the combination of high-clear warehouse capacity, mezzanine infrastructure, and dedicated finished office space supports efficient workflow organization. Outside storage adds additional utility for equipment, materials, or overflow needs, while the property’s newer construction and immediate occupancy readiness make it well-suited for businesses looking to move into an operational industrial facility.
The asset is located within Loveland’s Airpark North industrial corridor and is described as having direct access to I-25 and Northern Colorado Regional Airport. It also benefits from proximity to the Amazon DEN9 Fulfillment Center, placing it in an active industrial area served by major transportation connections.
For tenants, buyers, and operators, the combination of high-clear warehouse capacity, mezzanine infrastructure, and dedicated finished office space supports efficient workflow organization. Outside storage adds additional utility for equipment, materials, or overflow needs, while the property’s newer construction and immediate occupancy readiness make it well-suited for businesses looking to move into an operational industrial facility.
Key Highlights
- Modern 36,000 SF industrial warehouse built in 2022
- Finished office space plus a structural mezzanine
- High‑clear warehouse space for industrial operations
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
$510,326
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
5.32%
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%
$10,206,520
$10.2M
Cap Rate 7%
$7,290,371
$7.3M
Cap Rate 9%
$5,670,289
$5.7M
Market Conditions
NOI Build-Up for 36,000 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
$730.1K $20.28/SF
− Vacancy
−$49.6K −$1.38/SF
EGI
$680.4K $18.90/SF
− OpEx
−$170.1K −$4.73/SF
NOI
$510.3K $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%
$10,206,520
Cap Rate 7%
$7,290,371
Cap Rate 9%
$5,670,289
Alternative Uses
Best Use
Office B
$7.29M
$6.38M – $8.51M
NOI $510,326 @ 7.0% cap · market cap 5.32%
Second Best
Warehouse
$5.54M
$4.85M – $6.46M
NOI $387,642 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$9.66M
$8.46M – $11.27M
NOI $676,408 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 2022-built warehouse with finished office, mezzanine, and outside storage for efficient industrial operations.
Where is this warehouse located?
The property is located at 6987 RICKENBACKER RD Loveland, CO.
What is the asking price?
The asking price for this property is $9,596,000.
What are key features of this property?
This property features: Modern 36,000 SF industrial warehouse built in 2022; Finished office space plus a structural mezzanine; High‑clear warehouse space for industrial operations
