Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5615 Kitty Hawk Dr Loveland, CO 80538
    Property profile & analytics

    5615 Kitty Hawk Dr, Loveland, CO 80538

    View on Map
    • Warehouses
    • 81,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5615 Kitty Hawk Dr

    Year built
    2022
    Property type
    Warehouses
    Property subtype
    Life science properties

    Description

    This exceptional Class A industrial property, located at 5615 Kitty Hawk Drive in Loveland, Colorado, offers 81,000 square feet of flexible space ideal for various uses, including flex, warehouse, distribution, and R&D. Built in 2022, the single-story building features a 28-foot ceiling height, providing ample vertical space for storage and operations. The property boasts 24 dock-high doors and two drive-in doors, ensuring efficient loading and unloading. With a minimum divisible space of 26,546 square feet, this property is suitable for a variety of tenant needs. Currently, 26,546 square feet is available. The 7.24-acre lot provides ample room for expansion or outdoor storage. The building offers 2.62 parking spaces per 1,000 square feet. Power is provided by a 2500 AMP, 3-phase, 480/277 V system. Strategically located in Larimer County, this property enjoys convenient access to Interstate 25, the Ranch Events Complex, Northern Colorado Regional Airport, Centerra, and Highway 34, offering excellent connectivity and visibility within a thriving industrial corridor. The property is situated on the west side of I-25, directly across from the Ranch Events Complex. No elevators are present.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -104.995
    Latitude
    40.4453

    Comparable in this City

    • Value Estimation by Request
      33,417 SF

      3841 Vander Meer Dr

      Life science properties
      3841 Vander Meer Dr, Loveland, CO 80538
      View Details
    • Value Estimation by Request
      62,699 SF

      4531-4545 Viking Way

      Refrigerated & Cold Storage
      4531-4545 Viking Way, Loveland, CO 80538
      View Details
    • Value Estimation by Request
      36,000 SF

      Tbd Rickenbacker Rd

      Distribution properties
      0 Tbd Rickenbacker Rd, Loveland, CO 80538
      View Details
    • Value Estimation by Request
      17,600 SF

      200 69 Ct

      Distribution properties
      200 69 Ct, Loveland, CO 80538
      View Details
    • Value Estimation by Request
      17,600 SF

      200 69 Ct

      Flex space
      200 69 Ct, Loveland, CO 80538
      View Details
    • Value Estimation by Request
      84,000 SF

      Tbd Rickenbacker Rd

      Distribution properties
      0 Tbd Rickenbacker Rd, Loveland, CO 80538
      View Details

    Similar Nearby for Sale

    • $5,000,000
      20,000 SF

      Loveland Industrial Warehouse - $5M

      20,000 SF Warehouse, NNN Lease, Vacant
      5815 Rockwell Ave, Loveland, CO 80538
      View Details
    • $2,450,000

      Loveland Industrial/Flex Facility For Sale

      Well-maintained industrial/flex facility with warehouse, office, and secured yard space.
      5740 Boeing Dr, Loveland, CO 80538
      View Details
    • Contact for pricing

      Affordable Flex Work Storage Units

      Small, affordable flex work/storage warehouse units for sale.
      5705 N Garfield Ave, Loveland, CO 80538
      View Details
    • Contact for pricing
      100,117 SF

      95-Acre Development Site

      95-acre development site designed for innovation and success.
      3841 Vander Meer Dr, Loveland, CO 80538
      View Details
    • $3,050,000

      Versatile Industrial and Office Space

      14,130 SF industrial and office space in Loveland, CO.
      599 W 71St St, Loveland, CO 80538
      View Details
    • Contact for pricing
      14,130 SF

      Versatile Industrial and Office Space

      14,130 SF industrial and office space in prime location.
      599 W 71St St, Loveland, CO 80538
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      20,000 SF

      Loveland Warehouse: Build-to-Suit Opportunity

      Modern warehouse, I-25 access, 20,000+ sqft
      5815 Rockwell Ave, Loveland, CO 80538
      View Details
    • Contact for pricing

      Loveland Warehouse Space Available

      Warehouse space available for lease in Loveland, Colorado.
      200 West 69 Ct, Loveland, CO 80538
      View Details
    • Contact for pricing

      Proposed Industrial Property with Yard

      Proposed industrial property with yard space and proximity to I-25.
      Rickenbacker Rd, Loveland, CO 80538
      View Details
    • Contact for pricing

      Loveland Industrial Facility with Rail

      95,472 SF industrial facility on 13.5 acres with rail spur.
      5100 Boyd Lake Ave, Loveland, CO 80538
      View Details
    • New
      $7 SF/Yr
      10,890 SF

      Industrial Office/Warehouse Suite

      Industrial office and warehouse layout with grade-level overhead door and dedicated office space for a flexible operation.
      6748 N Franklin Ave, Loveland, CO 80538
      View Details
    • Contact for pricing

      Corner Flex Office Warehouse Suite

      A corner flex suite with private offices, conference space, and a warehouse with overhead door for adaptable business use.
      3855 Precision Dr, Loveland, CO 80538
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5615 Kitty Hawk Dr
    Loveland, CO 80538
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5615 Kitty Hawk Dr, Loveland, CO, 80538
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!