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2802 Madison Square Dr 5,082 SF 100% Leased Office Building Loveland, CO 80538 $1,626,858 CAD ($320.12 CAD/SF) 6.72% Cap Rate
Investment Highlights
- NNN
- Income from Day 1
- Fully Rented
Executive Summary
Looking for stable, predictable cash flow? This 5,082 sq ft commercial property delivers exactly that. Two professional tenants are already in place and generating reliable income—a home health care company in one unit and an established CPA practice in the other.
Here's what makes this work: both units are leased, so there's no vacancy risk or tenant hunting required. You get income from day one. And because you're not dependent on a single tenant, you're hedged against turnover. FYI, healthcare companies and accounting firms are among the most stable commercial tenants—they have strong credit, low turnover, and established client bases that keep them locked in.
This isn't speculative. It's turnkey. The building is maintained and ready to perform, with no capital expenditures needed out of the gate. Loveland's commercial market has strong fundamentals too—growing population, stable employment, and healthy demand for professional office space. You're buying into a market with tailwinds, not headwinds.
If you're building a commercial real estate portfolio and want the kind of property that works while you sleep, this is it. Heck, even if one space went vacant (which we're not anticipating), the other keeps generating income while you find a replacement.
Let's talk about the lease terms, tenant histories, and the numbers behind those cash flows.
Here's what makes this work: both units are leased, so there's no vacancy risk or tenant hunting required. You get income from day one. And because you're not dependent on a single tenant, you're hedged against turnover. FYI, healthcare companies and accounting firms are among the most stable commercial tenants—they have strong credit, low turnover, and established client bases that keep them locked in.
This isn't speculative. It's turnkey. The building is maintained and ready to perform, with no capital expenditures needed out of the gate. Loveland's commercial market has strong fundamentals too—growing population, stable employment, and healthy demand for professional office space. You're buying into a market with tailwinds, not headwinds.
If you're building a commercial real estate portfolio and want the kind of property that works while you sleep, this is it. Heck, even if one space went vacant (which we're not anticipating), the other keeps generating income while you find a replacement.
Let's talk about the lease terms, tenant histories, and the numbers behind those cash flows.
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Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,082 SF
Building Class
B
Year Built
1991
Price
$1,626,858 CAD
Price Per SF
$320.12 CAD
Cap Rate
6.72%
NOI
$109,380 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,082 SF
Building FAR
0.16
Lot Size
0.71 AC
Zoning
R-3e - Loveland
Parking
20 Spaces (3.94 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Smoke Detector
1 1
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $323,327 CAD | |
| Land Assessment | $126,243 CAD | Total Assessment | $449,569 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$126,243 CAD
Improvements Assessment
$323,327 CAD
Total Assessment
$449,569 CAD
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2802 Madison Square Dr
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