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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Medical Office Space
2940 Ginnala Dr Loveland, CO 80538-2701
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1102598
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
WOOD FRAME
Total area
6,974 SF
Lot
0.61 ac (26,441 SF)
APN
95013-26-008
UPID
US13-1102598
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
-
Fresenius Kidney Care Loveland Medical Clinic
-
Nephrology Clinic Medical Clinic
-
Rocky Mountain Area Office Corporate Office Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.99M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.94M
Owner & transaction history
North Oak LLC · 5 yrs held
North Oak LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+18.5%
Apartment house (5+ units)
$2.2M
+3.0%
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
$1,935,000
ML approach
$1,985,000
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,155,000
Current use
RESTAURANT
$2,555,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,220,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,825,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $1.93M (Dec 2 2020)
Last sale anchor
$1.93M
Dec 2 2020
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
$278 / 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
$39,621
Tax year 2023
Assessed value
$523,125
Assessed 2023
Previous assessed
$402,201
+30.1% YoY
Effective rate
7.57%
On assessed value
Assessed land
$73,684
Assessed improvement
$449,441
Land market value
$264,100
Improvement market value
$1,610,900
Total market value
$1,875,000
Applied tax rate
2,200.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
6,974 SF
Lot
0.61 ac (26,441 SF)
APN
95013-26-008
UPID
US13-1102598
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
MEDICAL BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1996
Construction
WOOD FRAME
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
North Oak LLC
Entity
Mailing address
1475 MOSS ROCK PL, BOULDER, CO 80304-1500
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
$1,925,000
North Oak LLC
End-ira INC
Warranty Deed
$900,000 · Bank Of Co
Aug 18, 2020
—
Joel M Smith
—
Deed
related
—
Sep 16, 2010
$1,140,000
Smith,joel M
David J Clark
Warranty Deed
$740,000 · Home St Bk
Dec 30, 2009
—
David J Clark
—
Trustees Deed
related
—
—
—
Joel M Smith
—
Loan Modification
related
—
—
—
David J Clark
—
Deed Of Trust
related
$750,000 · First National Bank
—
—
David J Clark
—
Deed Of Trust
related
$928,000 · First National 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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