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    Versatile Industrial/Manufacturing Building in Greeley Title is generated by Realmo AI

    2332 4th Ave, Greeley, CO 80631

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    For Sale
    $2,190,000

    COMMERCIAL - Greeley, CO

    Property size:
    26,796 SF
    Lot size:
    1.55 Acres
    Price / SF:
    $81/SF
    Added:
    Oct 28, 2025
    Days on Market:
    222
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 2332 4th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    R3485286
    Size
    26,796 SF
    Lot size
    1.55 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    31475

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Zoned
    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1956
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Scott Nitzel

    Listing agent Scott Nitzel License #ER.100068897,PersonLicenseNumber

    Listing office NextHome Foundations 5754 W 11th Street, Suite 201, Greeley, CO

    Listing date Oct 28, 2025

    MLS# 1046459

    Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 26,796 SF building ideal for owner‑user, with flexibility to lease out a portion.
    • Excellent logistics with easy access to Highway 85 and Highway 34, plus a U‑shaped driveway for large trucks.
    • Heavy power: 400 amp 3‑phase 240volt with step up breaker to 480v.
    • Features a covered and heated dock well with a 10'x10' door.
    • Opportunity to expand parking/storage by leasing land from Union Pacific Railroad.
    • Includes expansive warehouse space, multiple offices, conference rooms, and a drafting room.

    Overview

    This 26,796 square foot building is suited for light industrial or manufacturing purposes. Currently owner-occupied, the property is designed for versatility and efficiency, making it suitable for an owner-user with the flexibility to lease out a portion of the building. The property includes expansive warehouse space, ample storage, multiple offices, conference rooms, a drafting room, a kitchenette, and two bathrooms. There is also a detached garage and a pull-through building. The U-shaped driveway around the property accommodates large trucks and vehicles. The building has multiple electric meters already installed, and the office space is split for two occupants. Power is supplied by a 400 amp 3-phase 240volt system with a step-up breaker to 480v. The building features a 14-foot clearance height to the joists and 12 feet to the drop ceiling. There are three 10'x10' drive-in doors and one 12'hx10'w drive-in door, along with one covered and heated dock well with a 10'x10' door. Situated on 1.5 acres of level property, the location provides easy access to Highway 85 and Highway 34. The property borders the Union Pacific Railroad, offering an opportunity to expand parking and storage by leasing additional land from the Railroad.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frontier Communications Telecommunications Service Russell Furniture Llc Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.683732
    Latitude
    40.399355

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    FAQs

    What type of property is this?
    Industrial property - 26,796 SF light industrial/manufacturing building on 1.5 acres.
    Where is this industrial property located?
    The property is located at 2332 4th Ave Greeley, CO.
    What is the asking price?
    The asking price for this property is $2,190,000.
    What are key features of this property?
    This property features: 26,796 SF building ideal for owner‑user, with flexibility to lease out a portion.; Excellent logistics with easy access to Highway 85 and Highway 34, plus a U‑shaped driveway for large trucks.; Heavy power: 400 amp 3‑phase 240volt with step up breaker to 480v.
    (970) 590-5450
    We can help!
    Listing Contact
    Scott Nitzel
    Real Estate License ID: ER.100068897,PersonLicenseNumber
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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