2700 Madison Square DrLoveland, CO 80538

Property Details for 2700 Madison Square Dr

Year built

1998

Construction

WOOD FRAME

Lot size

0.44 AC

Property size (Sq ft)

2,448 SF

Property type

Office buildings

APN

95121-48-002

APU

9512148002

Description

This exceptional 4,930-square-foot medical office building in Loveland, Colorado, presents a unique opportunity. Situated on a 0.44-acre lot at 2700 Madison Square Drive, this two-story building boasts a desirable location near a high-traffic intersection, offering convenient access via Madison Avenue or 29th Street. Built in 1998, the property features an open shell design, simplifying renovations. The main level is fully finished and move-in ready, while the basement is partially finished and zoned as a separate suite, providing flexibility for expansion or storage. The building offers approximately 20 parking spaces (4.06/1,000 SF). Enjoy beautiful views of Westerdoll Lake. The property is zoned R3 and is currently entirely vacant, making it ideal for a single tenant seeking a turnkey solution in a central Loveland location. This is a rare chance to acquire a high-quality office space in a thriving area. The building's convenient access and attractive location make it an excellent choice for a growing business or a new professional office startup. The property is located in Larimer County, Colorado, with a zip code of 80538.

• CAP approach

  CAP return

  Valuation

  6%

  $662,873

  6.5%

  $611,883

  7%

  $568,177

• Comparable approach

  Method

  Valuation

  Relative Method

  $642,815

  Geo Method

  $202,254

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,186,000

  Retail / Commercial

  $611,826

  Mixed-Use / Specialty

  $612,523

  Hospitality / Lodging

  $453,137

  Institutional / Educational

  $637,806

  Residential Income

  $746,233

  Multifamily

  $879,033

  Automotive / Energy

  $546,691

  Parking / Income-Based Land

  $185,812

  Restaurant / Food Service

  $324,722

  Healthcare / Senior Housing

  $625,179

Location Insight

City

Loveland

County

Larimer

State

Colorado

Latitude

40.4212

Longitude

-105.059

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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