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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
840 Lincoln Ave Loveland, CO 80537-4863
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1084644
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1903
Construction
FRAME
Total area
4,286 SF
Lot
0.24 ac (10,498 SF)
APN
95132-38-034
UPID
US13-1084644
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
-
Best Spa Alternative Medicine Practice Spa & Massage Center
-
The Salvation Army Social Service Agency Community Center
-
One Community One Family Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$870k
Owner & transaction history
Nova Stella Properties LLC · 2 yrs held
Nova Stella Properties LLC
since 2023
Last sale
$908,175
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+86.8%
Auto repair, garage
$1.1M
+58.2%
Retail stores
$1.0M
+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
$820,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Current use
MEDICAL BUILDING
$1,325,000
Change: +87% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,120,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,005,000
Change: +42% · Conversion: Moderate
WAREHOUSE, STORAGE
$575,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $908k (Dec 21 2023)
Last sale anchor
$908k
Dec 21 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
$203 / 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
$12,185
Tax year 2023
Assessed value
$170,368
Assessed 2023
Previous assessed
$138,463
+23.0% YoY
Effective rate
7.15%
On assessed value
Assessed land
$22,661
Assessed improvement
$147,707
Land market value
$118,000
Improvement market value
$769,000
Total market value
$887,000
Applied tax rate
22,181.0000
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
1903
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
1
Bathrooms
5
Total area
4,286 SF
Lot
0.24 ac (10,498 SF)
APN
95132-38-034
UPID
US13-1084644
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
$710,000
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$575,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1903
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
1
Bathrooms
5
Lot
0.24 ac
Current owner
From public records · entity-resolved
Nova Stella Properties LLC
Entity
Mailing address
1551 REEVES DR, FORT COLLINS, CO 80526-9643
Ownership since
2023
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 21, 2023
$908,175
Nova Stella Properties LLC
Lowtus Properties LLC
Special Warranty Deed
$532,175 · Tlk Colorado LLC
Jun 4, 2015
$580,000
Lowtus Properties LLC
Costadreams LLC
Warranty Deed
$464,000 · Western States Bank
Feb 1, 2013
$130,000
Costadreams LLC
Home St Bk
Grant Deed
$192,530 · Home State Bank
Jun 8, 2012
—
Home St. Bk
Wilson,lawrence A JR & Tracy L
Quit Claim Deed
related
—
Aug 2, 2005
—
Lawrence A Wilson JR.
—
Trustees Deed
related
$75,000 · Home State Bank
—
—
Lawrence A Wilson JR.
—
Deed Of Trust
related
$150,000 · Home State Bank
—
—
Lawrence A Wilson JR.
—
Deed Of Trust
related
$60,824 · 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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