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    204-296 Cleveland And 245-297 Loveland, CO 80537

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    For Lease
    Contact for pricing

    Prime Loveland retail space, ample parking.

    Lot size:
    11,923 SF

    Property Features for 204-296 Cleveland And 245-297

    General Information

    Property type
    Freestanding property
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,923 SF

    Building Details

    Year Built
    2018

    Spaces For Lease

    at 204-296 Cleveland And 245-297, Loveland, CO 80537 Contact us
    Unit 254 Cleveland

    $28 /Mo

    Size
    2,093 SF
    Contact us
    Unit 277 Lincoln

    $28 /Mo

    Size
    4,915 SF
    Contact us
    Unit 269 Lincoln

    $28 /Mo

    Size
    4,915 SF
    Contact us

    We can help!

    Listing Contact
    Jason Ells
    Jason Ells

    Listing Agency: Cushman Wakefield Listing Agent: Jason Ells

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Foundry, a vibrant mixed-use development in the heart of downtown Loveland, Colorado, offers exceptional retail and restaurant opportunities. This 0.71-acre property, built in 2018, boasts a prime location at 204-296 North Cleveland and 245-297 North Lincoln, zip code 80537, within Larimer County. The property features multiple tenancy options, ideal for a variety of businesses. The building itself is zoned BE and offers convenient access to a substantial 460-space structured parking facility. This is a unique chance to be part of a thriving downtown area that emphasizes a live-work-play environment. The Foundry development includes numerous urban amenities, including on-site restaurants, a 7-screen movie theatre, and a hotel, all contributing to a dynamic and attractive atmosphere. A dedicated public plaza further enhances the area's appeal and provides a vibrant community space. This property presents a rare opportunity to establish a business within a well-established and highly sought-after location. The building's modern construction and ample parking ensure a convenient and attractive environment for both businesses and their customers. Contact us today to learn more about this exceptional retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Map

    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -105.0732597
    Latitude
    40.394147

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    FAQs

    What type of property is this?
    Freestanding property - Prime Loveland retail space, ample parking.
    Where is this freestanding property located?
    The property is located at 204-296 Cleveland And 245-297 Loveland, CO.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Seven-screen dine-in movie theater with 525 seats.; 102-room hotel.; 155-unit apartment complex (Lincoln building 100% leased, Cleveland building 96% leased).
    (970) 776-3900 Call to check price and availability
    Request Owner's contact information
    204-296 Cleveland And 245-297 Loveland, CO 80537
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    Loveland, CO 80537
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    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
    204-296 Cleveland And 245-297 Loveland, CO 80537
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    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Ells
    Jason Ells
    Real Estate License ID: FA.040024170
    (970) 776-3900 (970) 231-7513 (303) 292-3700
    Learn more
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