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    2683 N Taft Ave Loveland, CO 80538
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    Property profile & analytics

    2683 N Taft Ave, Loveland, CO 80538

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    • Retail space
    • 3,788 SF
    • 0.42 lot acres
    For Sale
    $1,295,000
    View Listing →
    Architectural Masterpiece Near Benson Sculpture For Sale
    $1,295,000
    0.42 Acres

    Architectural Masterpiece Near Benson Sculpture

    Frank Lloyd Wright inspired design with serene Colorado natural beauty.

    2683 N Taft, Loveland, CO 80538
    View Listing
    Property ID
    US13-0809756
    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.
    Value Estimations
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Berkshire Hathaway HomeServices Rocky Mountain, REALTORS® / Real Estate Agency
    • Evans.Real Estate & Invests. / Real Estate Agency
    • JK Designs Inc Fine Art Consulting / Consultant / Art Dealer
    • Paradox Fine Art / Art Gallery / Event Venue

    Property Details for 2683 N Taft Ave

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property type
    Retail space
    APN
    95101-34-001
    APU
    9510134001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 13, 2023 $1,400,000 Jennings Investments LLC Lake Tern Partnership Special Warranty Deed $700k · Firstbank
    Jan 31, 2020 — Lake Tern Ptshp — Deed · related $152k · Private Individual
    Feb 14, 2018 — Lake Tern Ptshp — Deed · related $155k · Private Individual
    Aug 8, 2017 — Lake Tern Ptshp — Deed · related $671k · Advantage Bk
    Mar 12, 2010 — Lake Tern Ptshp — Trustees Deed · related $65k · John Demmitt
    — — Lake Tern Ptshp — Deed Of Trust · related $152k · Private Individual
    — — Lake Tern Partnership — Deed Of Trust · related $660k · Home State Bank
    — — Lake Tern Ptshp — Deed Of Trust · related $671k · Advantage Bk
    — — Lake Tern Ptshp — Deed Of Trust · related $155k · Private Individual
    — — John W Kinkade — Deed Of Trust · related $46k · Cache Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,045,000
      ML approach
      $1,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,066,000
      Market price range: $499k - $1.24M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $795,000
      Current use
      MEDICAL BUILDING
      $1,170,000
      Change: +47% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $990,000
      Change: +25% Conversion: Difficult
      OFFICE BUILDING
      $825,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Larimer
    State
    Colorado
    Longitude
    -105.097
    Latitude
    40.4192
    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
    $19,486
    $85,486
    $176,049
    $261,535
    -
    $306,400
    $631,000
    $937,400

    Comparable in this City

    • Value Estimation
      $11,200,000
      145,851 SF

      5995 Sky Pond Dr

      RETAIL STORES (PERSONAL SERVICES)
      5995 Sky Pond Dr, Loveland, CO 80538-7076
      View Details
    • Value Estimation by Request
      4,500 SF

      5102 Garfield Ave

      RETAIL STORES (PERSONAL SERVICES)
      5102 Garfield Ave, Loveland, CO 80538-1823
      View Details
    • Value Estimation by Request
      13,619 SF

      3690 Garfield Ave

      RETAIL STORES (PERSONAL SERVICES)
      3690 Garfield Ave, Loveland, CO 80538-2244
      View Details
    • Value Estimation
      $1,045,000
      12,150 SF

      1601 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES)
      1601 Lincoln Ave, Loveland, CO 80538-3827
      View Details
    • Value Estimation by Request
      2,040 SF

      1411th Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      1411th Cleveland Ave, Loveland, CO 80538-3834
      View Details
    • Value Estimation by Request
      1,248 SF

      1417 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      1417 Cleveland Ave, Loveland, CO 80538-3834
      View Details

    Similar Nearby for Sale

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      Retail property with high visibility and ample parking.
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      Restaurant/retail space in a large Northern Colorado power center.
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      4,293 SF

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      Retail property in Loveland, close to Fort Collins.
      320-344 W 37Th St, Loveland, CO 80538
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    Similar Nearby for Lease

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      2,863 SF

      Premier Loveland Retail Destination

      Northern Colorado's leading open-air lifestyle center with retail and entertainment.
      5897 Sky Pond Dr, Loveland, CO 80538
      View Details
    • Contact for pricing
      1,816 SF

      Premier Retail Destination in Loveland

      Open-air lifestyle center with retail, dining, and entertainment options.
      6055 Sky Pond Dr, Loveland, CO 80538
      View Details
    • Contact for pricing

      New Retail Building For Lease

      Retail, office, and restaurant spaces available in north Loveland.
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      1,263 SF

      Salon-Ready Retail Space Available

      High-visibility storefront with existing salon infrastructure for rent.
      1411-1421 Cleveland Ave, Loveland, CO 80538
      View Details
    • Contact for pricing
      3,620 SF

      Premier Retail Destination in Loveland

      Northern Colorado's leading open-air lifestyle center with retail and entertainment.
      5943 Sky Pond Dr, Loveland, CO 80538
      View Details
    • Contact for pricing
      1,407 SF

      Retail Space in Power Center

      Retail space available in Northern Colorado's largest power center.
      1569 Fall River Dr, Loveland, CO 80538
      View Details
    View Listing
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    Loveland, CO 80538
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    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.

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