2881 Monroe Ave Loveland, CO 80538
- Office buildings
- 2,660 SF
- 0.39 lot acres
Current Use by Public Records
- Williams Randy L / Law Firm
- Clark, Williams, Matsunaka, LLC / Law Firm
- Hopkins Law LLC / Law Firm
- Clark Roger E / Law Firm
- Law Offices of Dianne Sawaya LLC / Law Firm
Property Details for 2881 Monroe Ave
- Year built
- 1987
- Construction
- WOOD FRAME
- Lot size
- 0.39 lot acres
- Property size
- 2,660 SF
- Property type
- Office buildings
- APN
- 95122-25-003
- APU
- 9512225003
Description
This exceptional 5,140 square foot commercial building in Loveland, Colorado, presents a unique investment opportunity. Situated on a 0.39-acre lot at 2881 N Monroe Ave, the property boasts a highly desirable location. The building's versatile layout is easily divisible into four distinct areas, each with its own private entrance, offering flexibility for multiple tenants or a single large operation. The upper level features an attractive lobby, eleven individual offices or conference rooms, and a spacious open work area, ideal for collaborative work environments. The lower level provides a blend of private offices and open areas perfect for large meetings or events. A dedicated conference room, previously utilized as a law library, adds further functionality. The building includes a vertical people lift, ensuring accessibility for all. Ample parking is provided with twenty designated spaces. The current owners are open to leasing back approximately half of the lower level, providing a potential income stream for the new owner. This property is priced at $785,000 and offers significant potential for growth and return on investment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $670,000
- 6.5%
- $620,000
- 7%
- $575,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $425,000
Market price range: $129k - $530k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $580,000 Current use
- MEDICAL BUILDING
- $820,000 Change: +42% Conversion: Easy
- AUTO REPAIR, GARAGE
- $695,000 Change: +20% Conversion: Difficult
- RETAIL STORES
- $560,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Loveland
- County
- Larimer
- State
- Colorado
- Longitude
- -105.069
- Latitude
- 40.421
- CBSA code
- 22660
- CBSA name
- FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA