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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Office buildings
209 4th St Loveland, CO 80537-5601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0182135
Property summary
AI-generated overview
This exceptional 6,000 square foot, two-story building offers high-quality office and retail space in the heart of Loveland, Colorado. Located at 209 E 4th St, 80537, this property boasts a prime downtown location, close to restaurants, shops, and entertainment. Built in 1915 and renovated in 2010, the building features two suites, each offering a minimum of 3,000 square feet of contiguous space, with the option to lease the entire 6,000 square feet. Amenities include a private 584 square foot covered balcony, high ceilings, a reception area with a built-in desk, a kitchenette, and private conference rooms. The space is ideal for coworking, creative office, or traditional office uses, and short-term lease options are available. Currently, the entire 6,000 square feet is vacant, presenting a unique opportunity for a single tenant or multiple tenants seeking flexible space in a vibrant downtown setting. The building's central location and modern amenities make it an attractive option for businesses seeking a prominent presence in Loveland's thriving community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,764 SF
Lot
0.09 ac (3,703 SF)
APN
95133-69-003
UPID
US13-0182135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
C3 Real Estate Solutions Real Estate Agency
-
Sebashton Pichoff, C3 Real Estate Solutions Real Estate Agency
-
Lyndsay Whitlock Real Estate Agency
-
Tim Avery Realtor - Real Broker Real Estate Agency
-
Kenney Lee Architecture Group Inc. Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$1.09M
Owner & transaction history
Kissel Properties LLC · 2 yrs held
Kissel Properties LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+86.8%
Auto repair, garage
$1.5M
+58.2%
Retail stores
$1.4M
+41.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Loveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,090,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$955,000
Current use
MEDICAL BUILDING
$1,780,000
Change: +87% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,510,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,350,000
Change: +42% · Conversion: Moderate
WAREHOUSE, STORAGE
$770,000
Change: -19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$765,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.21M (Apr 5 2023)
Last sale anchor
$1.21M
Apr 5 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,065
Tax year 2023
Assessed value
$292,643
Assessed 2023
Previous assessed
$214,136
+36.7% YoY
Effective rate
8.22%
On assessed value
Assessed land
$41,097
Assessed improvement
$251,546
Land market value
$147,300
Improvement market value
$901,600
Total market value
$1,048,900
Applied tax rate
22,192.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Total area
5,764 SF
Lot
0.09 ac (3,703 SF)
APN
95133-69-003
UPID
US13-0182135
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$955,000
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$770,000
INDUSTRIAL (GENERAL)
Est. value
$765,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Kissel Properties LLC
Entity
Mailing address
209 E 4TH ST, LOVELAND, CO 80537-5601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
$1,205,000
Kissel Properties LLC
209 E 4th St LLC
Special Warranty Deed
—
May 18, 2023
—
209 E 4th St LLC
—
Deed
related
$905,600 · First Bank
Apr 5, 2023
$1,207,081
209 E 4th St LLC
Colorado Youth Outdoors Charitable
Special Warranty Deed
—
Mar 1, 2023
$1,440,000
Colorado Youth Outdoors Charitable
Roger A Kenney
Special Warranty Deed
—
Jul 1, 2019
—
Roger A Kenney
—
Deed
related
$258,000 · Northwestern Bank NA
Dec 3, 2008
—
Roger A Kenney
—
Trustees Deed
related
$388,000 · Advantage Bank Fsb
Apr 13, 2000
$375,000
Kenney,roger A
Hach Cp
Trustees Deed
$369,085 · Home State Bank
Apr 13, 2000
—
Hach Co
Morgan,howard D & Thelma L
Quit Claim Deed
related
—
—
—
Roger A Kenney
—
Deed Of Trust
related
$258,000 · Northwestern Bk
—
—
Roger A Kenney
—
Deed Of Trust
related
$369,085 · Home State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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