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2881 N Monroe Ave Loveland, CO 80538

Office buildings Google Maps
2,660 SF 0.39 ac lot Built 1987
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US13-1138302

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction WOOD FRAME
Total area 2,660 SF
Lot 0.39 ac (16,988 SF)
APN 95122-25-003
UPID US13-1138302

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$620k
Comparable Approach Comparable
$425k
Blend (final) Blend
$275k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $820,000 +41.6%
Auto repair, garage $695,000 +20.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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