Affordable Flex Work Storage
5705 N Garfield Ave Loveland, CO 80538
5705 N Garfield Ave, Loveland, CO, 80538
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For Sale
Contact for pricing
Small, affordable flex work/storage warehouse units for sale.
Property Size1,375 SF
Price / SF$217.45
Days on Market1850
Property Features for 5705 N Garfield Ave
General Information
- Standard status
- Active
- Size
- 1,375 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2022
Listing Agency
CBRE
(970) 305-8113
Listed by
Lauren Larsen · License #FA.100094202
Source
Crexi
Added: Jun 26, 2021 Checked: Jul 17 at 11:41 am
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 CBRE
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).
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $13.86 |
| − Vacancy | −$1.6k | −$1.19 |
| EGI | $17.4k | $12.67 |
| − OpEx | −$2.6k | −$1.90 |
| NOI | $14.8k | $10.77 |
1,375 SF · lease $13.86/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$211.5K
$185.1K – $246.8K
NOI $14,806 @ 7.0% cap · market cap 4.95%
Second Best
Industrial
$174.2K
$152.4K – $203.2K
NOI $12,193 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$369.1K
$322.9K – $430.6K
NOI $25,835 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Life space
Warehouse & Storage
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FAQs
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 N Garfield Ave Loveland, CO.
What is the asking price?
The asking price for this property is $299,000.
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).**
