Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1340 Cleveland Ave Loveland, CO 80537

    • Drive through restaurants
    • 4,069 SF
    • 0.96 lot acres
    For Lease
    View listing
    Value Estimations
    $520,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0749697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carl's Jr. / Restaurant

    Property Details for 1340 Cleveland Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    4,069 SF
    Property type
    Drive through restaurants
    APN
    95132-05-017
    APU
    9513205017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $686,000
      Market price range: $296k - $757k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -105.074
    Latitude
    40.4068
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,678
    $181,629
    $329,248
    $510,877
    -
    $651,000
    $1,180,100
    $1,831,100

    Comparable in this City

    • Value Estimation
      $615,000
      4,510 SF

      1809 Eisenhower Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,510 SF
      1809 Eisenhower Blvd, Loveland, CO 80537-3132
      View Details
    • Value Estimation by Request
      1,804 SF

      1355 Lincoln Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,804 SF
      1355 Lincoln Ave, Loveland, CO 80537-4850
      View Details
    • Value Estimation
      $575,000
      1,704 SF

      1421 Eisenhower Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,704 SF
      1421 Eisenhower Blvd, Loveland, CO 80537-3927
      View Details
    • Value Estimation by Request
      1,410 SF

      300 Eisenhower Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,410 SF
      300 Eisenhower Blvd, Loveland, CO 80537-3901
      View Details
    • Value Estimation by Request
      2,791 SF

      1330 Lincoln Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,791 SF
      1330 Lincoln Ave, Loveland, CO 80537-4851
      View Details
    • Value Estimation
      $540,000
      3,674 SF

      3479 Mtn Lion Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,674 SF
      3479 Mtn Lion Dr, Loveland, CO 80537-8817
      View Details

    Similar Nearby for Sale

    • $505,000

      Loveland Drive-Through Restaurant Opportunity

      Turnkey drive-through restaurant in prime Loveland location.
      116 Peridot Ave, Loveland, CO 80537
      View Details
    • $640,000

      Mixed-Use Property in Downtown Loveland

      Fully leased mixed-use property with restaurant and multi-family units.
      116 S Lincoln Ave, Loveland, CO 80537
      View Details
    • $560,000
      1,740 SF

      Equipped Commissary Catering Kitchen

      Fully leased commercial kitchen in Loveland, Colorado.
      220 12Th St SW, Loveland, CO 80537
      View Details
    • $1,200,000

      Turn-Key Restaurant & Microbrewery Opportunity

      Downtown Loveland turn-key restaurant and microbrewery for sale.
      414 E 6Th St, Loveland, CO 80537
      View Details
    • $699,000

      Downtown Loveland Commercial Building

      2,928 SF commercial building in downtown Loveland for sale.
      418 E 3Rd St, Loveland, CO 80537
      View Details
    • $850,000

      Downtown Loveland Commercial Building

      2,928 SF commercial building in downtown Loveland for sale.
      418 E 3Rd St, Loveland, CO 80537
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,069 SF

      Loveland Restaurant Building with Drive-Thru

      4,069 SF restaurant building with drive-thru in active commercial corridor.
      1340 Cleveland Ave, Loveland, CO 80537
      View Details
    • $12 SF/Yr
      1,269 SF

      Loveland Commercial Space Available Now

      Commercial kitchen and warehouse space available for lease in Loveland.
      1738 W Eisenhower Blvd, Loveland, CO 80537
      View Details
    • $26 SF/Yr

      Downtown Loveland Retail/Restaurant Space

      Retail and restaurant spaces available in downtown Loveland.
      245-297 North Lincoln Ave, Loveland, CO 80537
      View Details
    • $30 SF/Yr

      Downtown Loveland Retail/Restaurant Space

      Retail/Restaurant space in revitalizing Downtown Loveland, across from Rialto Theater.
      225 E 4Th St, Loveland, CO 80537
      View Details
    • $18 SF/Yr
      14,290 SF

      Downtown Loveland Retail Space

      Prime Loveland retail, 2 suites available.
      131-133 4Th St, Loveland, CO 80537
      View Details
    • $27 SF/Yr
      2,971 SF

      Historic Retail/Restaurant Site Available

      Retail/restaurant site in downtown Loveland near the historic Rialto Theater.
      201 East 4Th St, Loveland, CO 80537
      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.
    1340 Cleveland Ave
    Loveland, CO 80537
    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

    Google sign-in failed. Please try again or use another login method.