3850 Grant AveLoveland, CO 80538

Property Details for 3850 Grant Ave

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.14 AC

Property size (Sq ft)

15,150 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

95021-65-001

APU

9502165001

Description

This exceptional 14,589 square foot medical office building, constructed in 1996, presents a unique opportunity for lease or purchase. Located in Larimer County along Highway 287, this two-story building features a recently updated lobby, a convenient elevator, ample parking, and common area restrooms. The property is zoned B - Developing Business, offering significant potential for growth and expansion. Currently configured as multiple tenancies, a bright and flexible second-floor suite is available for lease. This suite offers considerable adaptability, allowing for various configurations to suit diverse medical practices. The building boasts prominent building and monument signage opportunities, enhancing visibility and attracting potential patients. For investors or owner-users seeking a well-maintained, strategically located medical office building with high visibility, this property represents an excellent investment. The building's features, including the elevator and abundant parking, cater to both patients and staff. The flexible layout of the available suite provides significant adaptability for various medical specialties and practice sizes. This is a prime opportunity to establish or expand a medical practice in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,619,711

  6.5%

  $3,341,272

  7%

  $3,102,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,978,206

  Geo Method

  $1,251,693

• Alternative Use

  Use

  Valuation

  Residential

  $4,143,176

  Hospitality

  $3,795,128

  Educational

  $3,157,502

  Medical

  $3,266,093

  Retail

  $4,911,669

Location Insight

City

Loveland

County

Larimer

State

Colorado

Latitude

40.4322

Longitude

-105.078

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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