5110 Granite St - Office FOR SALE


Loveland, CO 80538
$1,300,000 USD
970-413-1182
5110 Granite St, Loveland, CO for Sale
$1,300,000 USD
Office - FOR SALE
1/19
null | 8% Cap Rate

5110 Granite St
Loveland, CO 80538


HIGHLIGHTS

  • Positioned along Loveland’s highest-traffic corridor with 29,800 VPD
  • Three stabilized tenants with NNN leases and upside from vacant suite
  • Recent capital improvements including roof, HVAC, and water heaters
  • Located outside city limits for lower tenant tax exposure
  • Priced below replacement cost and assessed value
  • Attached garage and basement offer future expansion potential

OVERVIEW

Offered at $1,300,000, 5110 Granite Street presents a rare opportunity to acquire a stabilized multi-tenant office investment in the heart of North Loveland’s commercial corridor. This 7,880-square-foot building sits on 0.87 acres and features four suites, three of which are leased to established tenants under NNN terms. The remaining 1,917 SF suite is fully renovated and ideal for an owner-user seeking to occupy while benefiting from in-place income. Constructed in 1996 and recently updated, the building showcases timeless block construction with wood accents, large windows, and modern interiors. Capital improvements include a hail-resistant roof (2019), full HVAC replacement (2017), and new water heaters (2020). Suite D includes an attached garage and basement, offering future expansion potential. Strategically located just off US Highway 287 (N. Garfield Ave), the property enjoys 29,800 VPD and direct access to Downtown Loveland (5 minutes) and South Fort Collins (10 minutes). The surrounding area is rich with national retailers, restaurants, and parks, supporting tenant satisfaction and long-term demand. With historically low vacancy rates and a pro forma cap rate of 8.0%, this asset offers both immediate cash flow and upside through lease-up and rent escalations.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

B

APN/PARCEL ID

96351-15-002

ASK ABOUT THIS PROPERTY

Rico DevlinLC Real Estate GroupMore Info
970-413-1182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Rico DevlinLC Real Estate GroupMore Info
970-413-1182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.