This 1.12-acre commercial lot, Pad B at Block 505 in Centerra, Loveland, Colorado (zip code 80538), presents a unique opportunity for development. Located in Larimer County, this flex space parcel is part of a larger development featuring eight available land parcels ranging from 1.10 to 9.66 acres. The property is zoned for retail, office, industrial, and hospitality uses, offering considerable versatility. Centerra boasts 4.2 million square feet of existing office, retail, flex, industrial, and hospitality space, creating a thriving and established community. The site benefits from proximity to major employment centers, including the Rangeview Office Campus, UCHealth Medical Center of the Rockies, and numerous other significant businesses such as Nutrien, UNC, Constant Contact, Heska Corporation, Meyer Natural Foods, Safelite, Toddy* Cold Brew System, Bobo's, and Animal Health International. The area exhibits strong population growth projections, with anticipated increases of 1.9% within 2 million population radius, 1.2% within 5 million population radius, and 1.0% within 10 million population radius between 2023 and 2028. This prime location offers excellent visibility and accessibility, making it an ideal investment for developers seeking a strategic foothold in a rapidly growing market. The property is currently listed for sale.
Property Features for 505 At Centerra
General Information
Property type
Flex space
Lot Size
48,787 SF
HighLights
Eight available land parcels ranging from 1.10 to 9.66 acres.
The property is located at 505 At Centerra Masonville, CO.
What are key features of this property?
This property features: Eight available land parcels ranging from 1.10 to 9.66 acres.; Pad B: 1.12-acre lot.; Pad C: 1.13-acre lot.
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505 At Centerra Masonville, CO 80538
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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.
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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.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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505 At Centerra Masonville, CO 80538
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505 At Centerra, Masonville, CO
Cole VanMeveren
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505 At Centerra, Masonville, CO
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