LC Commercial
1712 Topaz Drive,
Loveland, CO 80537

Phone (970) 667-7000
Monday-Friday: 8am-5pm

Rotary Club of Loveland Annual Rubber Duck Race

Wednesday, Aug 07, 2019

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One of the most exciting and fun events in Loveland all year is the Annual Rubber Duck Race, hosted by the Rotary Club of Loveland! The race takes place on Saturday, August 24th in Loveland, Colorado.

The Rubber Duck Race helps promote literacy in the Thompson School District, with all proceed going towards providing scholarships for select high school students, Chromebooks, and iPads. Local businesses and individuals can purchase tickets to receive entries into the race. Entrants are encouraged to decorate or dress up their ducks as they wish, and a winning duck could receive $1,000 or up to 40 other great prizes as the ducks race down the Thompson River to the finish line. Contact the Rotary Club of Loveland for more information.

If you’d like to donate directly to the Loveland Rotary Club Foundation, and not participate in the race, please visit this link.

LC Real Estate Group Supports CSU Real Estate Students at Golf Tournament

Wednesday, Aug 07, 2019

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Here at LC Real Estate Group, we are proud to support other local businesses and organizations in order to create a stronger community across Northern Colorado!

LC Real Estate Group was proud to participate in the CSU Real Estate Golf Tournament put on by the Everitt Real Estate Center at Harmony Golf Club on Monday, July 22. The golf tournament is in support of Colorado State University Real Estate students, to help students network with industry professionals in Northern Colorado and other real estate professionals. The tournament was originally started by LC Real Estate Group as Ram Real Estate Partners before it was turned over to Everitt Real Estate Center. The tournament has raised more than $30k since it started in 2017, and is all about Mindfully Creating Community in Northern Colorado!

LC Real Estate Group sponsored a team foursome, a hole sponsorship, and was one of the tournament’s Student Package Sponsors. The foursome included Jerico Devlin, Wayne Lewis, Christopher Johnston and Imran Bhimani.

We are proud to support CSU with other industry supporters such as C3 Real Estate Solutions, DPC Companies, and other Northern Colorado companies!

Real Estate Investing - Understanding Cap Rate and CoC Return

Tuesday, Aug 06, 2019

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As a real estate investor, you should always be considering the return on investment (ROI) on any investment property. This is usually pretty standard when performing an investment analysis on a real estate investment. However measuring ROI has gotten more sophisticated using Cap Rate and Cash on Cash Return.

Understanding the difference between Cap Rate and Cash on Cash Return, and how they are used for investment analysis can help you be better informed about investment decisions.

Cap Rate

Capitalization Rate is used to measure the overall profitability of a commercial investment property – and can be used to identify if an investment is risky or not. It measures the net income of a commercial property against the market value of the property. Higher cap rates indicate much higher risk but also higher profitability. In turn, a lower cap rate indicates lower risk, but also low potential profitability. The cap rate represents the natural rate of return on a property.

The formula for Cap Rate is fairly simple:

Capitalization Rate = Net Operating Income / Current Market Value of the Property

Net operating income is the expected annual income of the property minus any operating expenses of the building. Annual income will primarily come from rental income from tenants, and operating expenses include the upkeep of the building as well as property taxes. In some cases, you might use the Purchase Price of a property instead of the Current Market Value. However, this isn’t as popular as you might get unrealistic values for properties that were purchased some time ago.

Cap Rate is most useful for commercial property investors to compare different investments against each other measuring risk and return. Some investors might only consider properties that fall within a certain range in order to decide what good investments might be for their portfolio.

In addition, you can use Cap Rate to measure how a property is doing over time and whether or not the investment is improving or declining over time. An investor can measure cap rate year-over-year and decide whether to keep a commercial investment in their portfolio or not. If deciding to sell the property, cap rate can help determine value by comparing against other similar properties.

Cash on Cash (CoC) Return

Similar to Cap Rate, Cash on Cash Return can be used to evaluate whether or not an investment is improving. It measures the cash income earned against the cash invested in a property. A more simple way of thinking about this is it measures the annual income earned by a property in relation to the mortgage paid.

Cash on Cash Return is widely recognized as a good measure to use for ROI calculations on a commercial investment property. This is because it is both effective an easy to understand, and is useful for measuring real estate performance.

The formula for Cash on Cash Return is:

CoC Return = Annual Net Operating Income / Total Cash Investment

CoC Return is useful when debt is included in a real estate transaction (which is often the case for commercial real estate properties). In this case, the Cash on Cash Return will be different than the standard ROI calculation. It can be useful as a forecasting tool for setting targets of earnings and expenses for a property.

Understanding ROI Calculations

LC Real Estate Group is the leader in commercial real estate investment in Northern Colorado. Our team can help with investment strategy, investment analysis, and measuring CoC Return and Cap Rate. Contact us today to get in touch with our investment team at 970-667-7000 or wayne@lcrealestategroup.com.

Affordable New Homes Coming to Northwest Loveland

Wednesday, Jul 17, 2019

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Copper Ridge is the second new home development currently underway in northwest Loveland. Copper Ridge is located west of US Highway 287/North Garfield Avenue and north of West 57th Street behind Super Walmart. Copper Ridge is accessed through the Wintergreen subdivision, which was completed by Saint Aubyn and DR Horton completed in 2017 and 2018 respectively. The land features foothills views to the west and abuts the Burlington Northern Railroad and has an easement for the Louden ditch that runs through the property.

Copper Ridge was purchase by Journey Homes, which plans to provide affordable new single-family homes below $400,000 in the Loveland market. The fifty-five acre property consists of 152 single-family lots and sold June 1st of 2018 for $1,800,000. This equates to a purchase price of $32,555 per acre and $11,842 per lot. The property sold without raw water dedicated and was located within the City of Loveland water district. 

This information was provided by Wayne Lewis, Partner & Broker Associate with the Land Group at LC Real Estate. Wayne has more than 10 years of experience in land and investment real estate and can be reached at 303.588.8808 or by email. Any information provided herein should be not be relied upon and should be independently verified.   

Water and Power Department Approved to Buy Land Near Wastewater Treatment Plant

Thursday, Jul 11, 2019

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The City of Loveland’s Water and Power Department has received approval to buy 9.1 acres of land north of the wastewater treatment plant on Boise Avenue.

The idea behind the approval is that the Water and Power Department wants to purchase the land to prevent residential development and resell it for other purchases. If used for residential housing, the city is worried there may be complaints from odor with proximity to the plant. Originally, the idea was to build a tiny-house community of affordable housing on the land.

You can read more about this story from the Reporter Herald here.

West Side of Greeley Prime for Real Estate Growth

Wednesday, Jul 10, 2019

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The City of Greeley has identified the west side of the city for high-potential growth for commercial investments. This is good news for commercial investors with future plans for shopping districts or commercial growth.

The west side of Greeley is attractive for many reasons, most of all the proximity to the I-25 corridor which has seen exponential growth in the last few years. Because of this, the competition for retail space is high in this area. The report places Greeley’s vacancy rate below 2 percent with rates projected to drop even further with increases in rent rates. The city will likely pursue growth opportunities in the coming years much more aggressively with growth projected by the U.S. Census at 142 percent through 2023.

In contrast, the east side of Greeley is projected to have flat growth or even lose residents as the town growth moves towards the west. Average household incomes on the west side of town range from $14,600 to $58,200.

The report commissioned by the city cited a report that shows high demand in west Greeley for furniture stores, electronics stores, groceries, gasoline, clothing stores, sporting goods outlets, restaurants, and more. This high demand for retail growth makes this area the perfect investment opportunity for commercial property in Northern Colorado.

LC Real Estate Group can help investors explore opportunities in this area both by developing commercial real estate strategy and brokering real estate deals. Contact us to learn more about commercial opportunities in Northern Colorado!

Points West Community Bank Announces Loveland Location

Wednesday, Jul 10, 2019

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Points West Community Bank has announced that they will be opening up a new branch in Loveland later in 2019. The bank currently has 5 locations in Wellington, Windsor, and Greeley. This will be the first location in Loveland.

The bank’s planned new location will be in the Orchards Shopping Center on E. 29th St. In the press release, the Loveland branch manager said they are excited to contribute to the vibrant business community in Loveland.

You can read more about the announcement from the Reporter Herald here.

LC Real Estate Group Founder leading Real Estate Mentor Program

Monday, Jun 24, 2019

LC Real Estate Group is proud to announce that Eric Holsapple, founder of the company, will lead a year-long mentorship program at Colorado State University for 12 students! The program will start in September of this year.

You can read more about the announcement here: https://bizwest.com/2019/01/21/holsapple-to-lead-real-estate-mentorship-program/

LC Real Estate Group Real Estate Brokerage is better than Ever!

Wednesday, Jun 19, 2019

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We are proud to be Northern Colorado’s number one choice when it comes to a commercial and residential land brokerage. LC Real Estate Group has spent a lot of time and energy on providing the best possible resources for investors to find the perfect real estate property to increase wealth. We have participated in the sale of thousands of acres of residential and commercial land in Northern Colorado.

LC Real Estate Group is launching a brand new database to help searching for opportunities in Northern Colorado. The database will help make distinctions between different specialty investing, including retail spaces, offices, industrial, multifamily residential land, and commercial land. In addition, there will be a full-time manager in charge of maintaining and tracking market activity in Northern Colorado so you won’t miss any opportunities.

Colorado is one of the nation’s premiere hotbeds for land and property investment. There are more than 20,000 properties in Northern Colorado just between Larimer, Weld, and Boulder counties with additional residential land developments in Adams and Arapahoe counties.

The wealth of information about properties is better than ever. It will be easier than ever to find and locate properties with geo-locations for each and every property. In addition, each property will include property ownership details, contact information for property owners, sale history, debt, zoning information, water district information, and so much more. We simply cannot explain how easy to use and informational the database will be to help investors.

If you would like more information about the new database launch or real estate brokerage services in Northern Colorado, please contact LC Real Estate Group at (970) 667-7000.

5 Questions to ask when finding the ideal office space in Northern Colorado

Tuesday, Jun 18, 2019

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The process of finding the perfect commercial office can be challenging. Once you’ve figured out a few spaces to look at, here are just a few questions you can ask yourself to help direct your final decision.

What are the nearby local businesses?

The ideal office space has regular amenities that are nearby that employees are able to use. This increases the attractiveness of your space if there are nearby restaurants, grocery stores, shopping centers, breweries and more. It makes it easier for employees to run errands and socialize when not on work time, which is always desirable for employees.

How easy is the commute for in-town and out-of-town?

Sometimes, finding quality recruits depends on the ease of commute to your office space. The easier it is for employees to get to your office, the happier they will be. Ease of access to major Highways or I-25 is important, as well as having multiple ways for people to commute to work. Look for access to nearby bike paths, bus routes, and more.

Is the building energy-efficient?

Not only is this important for the image of the company, but it is also important because monthly costs are directly impacted by how environmentally friendly and efficient the building operates. Business owners and employees tend to be much happier when they work in a space that is well-designed and energy-efficient.

Does the building have the utilities to meet your needs?

One of the absolute necessities for any business these days is internet speeds. Depending on your type of business, you might need lots of bandwidth for running your own servers, video conferencing, and other needs. These days, there’s really no excuse for any office space not to have adequate fiber connections for the entire building.

What other businesses or real estate are adjacent?

When you move into a new office you want to make sure that the area will be commercially successful – especially if your business relies upon foot traffic or visibility for success. The more successful the adjacent businesses are, the greater chance your business will be successful too. In addition, more adjacent space means you have the opportunity to grow your business in the future without relocating.

 

If you have questions or concerns about finding commercial real estate in Northern Colorado, please contact LC Real Estate Group today!

New Office Spaces Under Construction on Boise Avenue in Loveland

Monday, Jun 17, 2019

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The weather is warming up here in Northern Colorado, and many of us are taking to the great Colorado outdoors for the summer. With the great weather comes a great new office space that is available from LC Real Estate Group!

On the Northwest corner Taurus Court and North Boise Avenue LC Real Estate Group is building a number of business condos that will be available for small business owners. The first building is already under construction, and LC Real Estate Group plans to build five total office condo units. The one-story buildings are available to purchase the entire buildings, or the single condo units sized from 1,500 to 4,000 square feet.

LC Real Estate Group believes that these condos are ideal for small professional or medical offices such as CPAs, real estate offices, dental offices, chiropractors, legal offices, and any other small professional business. The building prices include parking and landscaping costs as well.

Please contact LC Real Estate Group for more information on these amazing office spaces available in Loveland, Colorado!

Offices Available at 7677 W. Jewell Ave. in Lakewood, Colorado

Monday, May 20, 2019

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LC Real Estate Group leads all of Northern Colorado in finding and offering quality commercial office and retail space. There are two large commercial spaces currently available side by side on the block of 7665 to 7667 West Jewell Avenue in Lakewood, Colorado. These available offices could be used for a variety of business purposes including professional office (financial services, accounting, legal, real estate, etc.) medical offices, and retail.

For any potential business that is looking for details on the amenities of the shopping center, LC Real Estate Group has gathered the necessary information. The buildings share a shopping center with a Walgreens, DD’s Discounts & ARC Thrift. Nearby shopping centers include McDonald’s, Arby’s, Starbucks, Wendy’s, Subway, Wells Fargo Bank, Big Lots, and many local businesses making the shopping area a high-traffic marketplace.

For more information on the offices available and how to acquire the space, please contact LC Real Estate Group today!

The Ridge Lands in Dacono Land Sale

Thursday, May 16, 2019

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LC Real Estate Group is proud to present the opportunity to purchase land in the Ridge Lands community located in beautiful Dacono, Colorado! The bid deadline is Friday, May 24, 2019.

Dacono is one of the fastest growing towns along the I-25 corridor in Northern Colorado. The community is located conveniently nearby Highway 52 and I-25, meaning that there is exceptional growth potential and extremely high marketability. Dacono covers approximately 8.2 square miles and has recently adopted a new plan to expand the city boundaries to 22 square miles and has grown from just 1,500 to more than 4,000 in the last 8 years.

The Ridge Lands is planned for up to 208 single-family homes, with expected new home prices between $351,000 and $427,00 based on new home sales in nearby communities. The Ridge Lands project encompasses 61.34 acres of open land with many advantages including the following:

  • Excellent location with convenience located near the I-25 corridor and Highway 52. Ideal and convenient for residents who work anywhere from Denver to Fort Collins.
  • Large, open, sweeping views of the Rocky Mountains and the Colorado foothills.
  • Exceptional opportunity to offer homes priced at or under the Erie-Frederick Submarket – which is one of the fastest growing submarkets in Colorado.
  • Confident sales potential with nearly 200 homes have been sold within 3 miles in the last 12 months.
  • Inactive Ridge Land Metropolitan District can be used to reimburse much of the cost per residential lot.

In addition to all of the advantages that an investor has with the Ridge Lands project, the planned community offers many amenities and quiet, quality Colorado living. The nearby schools include Thunder Valley public school and Frederick High School both within 10 minutes. For community living and recreation, The Carbon Valley Rec Center is just 2 miles away, as well as community baseball fields, Clem DuFour Park, Centennial Field, Bella Rosa Golf Course and Saddleback Golf Course all nearby.

The community has a shopping center just under three miles away with Safeway grocery store and a King Soopers shopping center just five miles away. There is plenty of shopping and convenience nearby as well with the Orchard Town Center and Denver Premium Outlets just 15 minutes away each.

To learn more about the Ridge Lands in Dacono and opportunities to purchase, please contact LC Real Estate Group at contracts@lcrealestategroup.com or give us a call at your convenience!

New Offices and Renovations at 295 E. 29th St. in Loveland

Monday, Apr 29, 2019

At LC Real Estate Group, we strive to provide the aspiring business owner or commercial real estate investor with the most up-to-date, modern, and affordable listings throughout Northern Colorado. As such, there are several available real estate spaces located in the Orchards Medical & Professional Building in Loveland, Colorado. Located at 295 East 29th Street, the Orchards Medical & Professional Building would be an ideal space for most professional office uses, financial services, accounting, legal services, title companies, real estate offices, banks or credit unions, medical offices, dental offices, and much more.

To get a general feel for the parameters of the Orchards Medical & Professional Building, LC Real Estate Group has gathered the most pertinent information that any commercial real estate buyer would need. To start, the total size of the Orchards Medical & Professional Building is 14,850 square feet, although at the time being, LC Real Estate Group has 3,512 square feet available for rent. Regarding cost, space in the Orchards Medical & Professional Building can be attained for $14-$18 per square foot per year. Though the Orchards Medical & Professional Building was originally constructed in 1981, it shows no significant signs of damage to its exterior façade or in its interior infrastructure. The 3,512 available square feet that LC Real Estate Group has available for rental can be broken down into the following 3 spaces:

Ground Level, Suite 70

This is the smallest commercial real estate space available at Orchards Medical & Professional Building, providing the renter with 402 cozy square feet. In addition to the private space of the rental, the commercial real estate investor will have access to a shared conference room and common hallways and restrooms.

1st Floor, Suite 150

The next largest commercial real estate space that LC Real Estate Group has available in the Orchards Medical & Professional Building comes in at 940 total square feet. This particular space has a very open layout with adjacent private offices and a small reception area. In addition to the private offices and small reception area, the renter has access to a kitchenette, break rooms, and conference rooms, with common hallways and restrooms.

1st Floor, Suite 110

The largest commercial real estate space available at the Orchards Medical & Professional Building from LC Real Estate Group provides the renter with 2,170 massive square feet. Like the other 1st floor suite that LC Real Estate Group has available in the Orchards Medical & Professional Building, this space has an open layout with private offices connected and a reception area. The renter has access to a kitchenette, break rooms, and conference rooms, with common hallways and restrooms.

Overall, the Orchards Medical & Professional Building is located near the 2nd busiest intersection in Loveland, it offers commercial real estate renters with a drive-through option if needed (for bank or credit union use), is serviced by an elevator, and can be accessed and used 24 hours a day.

For more information about any of the spaces that LC Real Estate Group has available at the Orchards Medical & Professional Building, please contact one of our agents today, or feel free to visit our website at https://www.loopnet.com/Listing/295-E-29th-St-Loveland-CO/14374622/.

Best Commercial Property Listings in Loveland, Colorado

Saturday, Apr 27, 2019

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When you have your business idea ready and your investors squared away, one of the more difficult next steps is finding the best commercial property to bring it all to life. This is where we step in. At LC Real Estate Group, we specialize in working with you and your unique business idea to find the best commercial property to ensure your long-term success.

As you may or may not know, Northern Colorado is one of the more competitive and expensive regions in the United States for aspiring entrepreneurs wanting to start or expand their own commercial business. One of the specific Northern Colorado communities that LC Real Estate Group has intimate knowledge on is the town of Loveland. To find the best commercial property listings in Loveland, Colorado, the experts at LC Real Estate Group have put together some helpful advice and tips.

First, you should know that commercial property in Loveland, Colorado is valued differently than residential property. It is valued according to its usable square footage. Also, loans on commercial properties are also different from loans on residential properties as lenders usually want close to 30% down on commercial real estate.

Here are some tips from the experts at LC Real Estate Group when looking for the best commercial properties to invest in:

1.Get familiar with commercial property investment terminology. The following terms will be used a lot in the listings you look at:

  • Net Operating Income (or NOI). This refers to the net income you can expect to receive during the first year of owning a commercial property. It is computed by subtracting the expenses from the income you receive from the property.
  • Cap Rate (or Capitalization Rate). This is a common way for commercial real estate investors to evaluate a particular property. It is calculated by dividing the net operating income by the sales price of the property.
  • Cash on Cash. Essentially, this is a term that refers to the amount of investment that is required to purchase a commercial property.

2. Look for properties that have more than one tenant. This will diversify your risk to make sure you don’t lose money on your monthly mortgage payment.

3. Go evaluate the neighborhood that the commercial property is located in for yourself.

4. Go to the tax assessor’s office and view the tax assessor’s records for the past 5 years on a potential commercial property. Doing so can give you some invaluable information regarding the commercial property’s value over time.

5. Ask to see the property seller’s cash flow statements for the past 5 years. Doing this will definitely give you an idea of the commercial property’s value and potential profitability in the future.

6. Research the surrounding area. How are the other commercial properties around the one you are interested in performing over the past 5 years? This will also help you evaluate whether a potential commercial property is going to bring you profit or loss.

7. And above all else, if you find a property that you think is particularly appealing, get an expert involved. Of course, the people at LC Real Estate Group would be thrilled to assist you in your commercial property hunt, and in helping you find a perfect match for your business, but even if you don’t give us a call, it is definitely in your best interest to have a professional evaluate the commercial property you are thinking of investing in.

Call or Text Wayne at (303) 588-8808
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