Foxtrail Drive Office
For Sale
Contact for pricing
1605 Foxtrail Dr, Loveland, CO 80538
Office building for sale with existing tenants and prime location.
Property Size12,382 SF
Price / SF$217.41
Days on Market1419
Property Features for 1605 Foxtrail Dr
General Information
Standard status
Active
Size
12,382 SF
Class
B
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2007
Stories
2
Tenancy
Multi
Listing Agency:
URealty Inc
(970) 402-6432
Listed By:
Matt Haskell · License #CO ER040012597
Source:
Crexi
Added: Sep 20, 2022
Changed: Aug 8
Last Checked: Aug 8 at 6:48AM
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 URealty Inc
Investment Insights
Based on property information with market context.
The property at 1605 Foxtrail Drive is suitable for owner-users or investors. The building is currently occupied by UCHealth Medical Group in Suite 100 and Edward Jones in Suite 280. The floor plan features an open and bright layout, complemented by surrounding windows. Situated in the Foxtrail Business Park, the building provides ample parking and signage opportunities. It is strategically located right off I-25 and Highway 34, providing convenience with over a dozen restaurants and business support services within walking distance. The property size is 12382 square feet.
Key Highlights
- Strategic location off I‑25 and Highway 34
- Currently occupied by UCHealth Medical Group and Edward Jones
- Open and bright layout with surrounding windows
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
$175,524
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
6.52%
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%
$3,510,480
$3.5M
Cap Rate 7%
$2,507,486
$2.5M
Cap Rate 9%
$1,950,267
$2.0M
Market Conditions
NOI Build-Up for 12,382 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
$251.1K $20.28/SF
− Vacancy
−$17.1K −$1.38/SF
EGI
$234.0K $18.90/SF
− OpEx
−$58.5K −$4.73/SF
NOI
$175.5K $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%
$3,510,480
Cap Rate 7%
$2,507,486
Cap Rate 9%
$1,950,267
Alternative Uses
Best Use
Office B
$2.51M
$2.19M – $2.93M
NOI $175,524 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.91M – $3.88M
NOI $232,647 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building for sale with existing tenants and prime location.
Where is this office building located?
The property is located at 1605 Foxtrail Dr Loveland, CO.
What is the asking price?
The asking price for this property is $2,692,000.
What are key features of this property?
This property features: Strategic location off I‑25 and Highway 34; Currently occupied by UCHealth Medical Group and Edward Jones; Open and bright layout with surrounding windows
