Corner Mixed-Use
New
For Sale
$599,000
1000 34th Avenue, Greeley, CO 80634
Two-level commercial layout supports office, retail, or live-work occupancy.
Property Size2,326 SF
Price / SF$257.52
Days on Market3
Property Features for 1000 34th Avenue
General Information
Standard status
Active
Size
2,326 SF
Total Parking Spaces
17
Property subtype
Commercial
Zoning
Commercial High Density
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$7,605
Amenities
professionally landscaped
immediate proximity to public transit
110V
2 Carport Space(s)
220 Volts
Concrete Driveway
Corner
Exterior Access Door
Landscaped
Lighted
Near Public Transit
Shingle Roof
Sprinklers In Front
Building Details
Year Built
1969
Buildings
1
Listing Agency:
PMG REALTY
(720) 454-8027
Listed By:
ALEXIS TRUJILLO-BARBOZA
Source:
Corcoran
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PMG REALTY
Investment Insights
Based on property information with market context.
This mixed-use commercial building provides 2,326 square feet across a main floor and a usable lower level. Commercial High Density zoning supports office, retail, and live-work occupancy. The property is vacant and available for immediate possession, with 17 dedicated parking spaces serving the site.
Capital improvements include a roof replacement in 2021, mechanical system updates in 2020, new interior doors, and recent interior and exterior paint. The lower level includes a remodeled bathroom, kitchen, and dishwasher. Positioned on a corner parcel with frontage on two sides, the property also has professional landscaping, a Walk Score of 80, and immediate access to public transit.
Capital improvements include a roof replacement in 2021, mechanical system updates in 2020, new interior doors, and recent interior and exterior paint. The lower level includes a remodeled bathroom, kitchen, and dishwasher. Positioned on a corner parcel with frontage on two sides, the property also has professional landscaping, a Walk Score of 80, and immediate access to public transit.
Key Highlights
- 2,326 SF mixed‑use building with main floor and usable lower level
- Commercial High Density zoning supports office, retail, and live‑work occupancy
- 17 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,480
$593.5K
Cap Rate 7%
$423,914
$423.9K
Cap Rate 9%
$329,711
$329.7K
Market Conditions
NOI Build-Up for 2,326 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.9K $18.00/SF
− Vacancy
−$2.3K −$0.99/SF
EGI
$39.6K $17.01/SF
− OpEx
−$9.9K −$4.25/SF
NOI
$29.7K $12.76/SF
Area
Greeley, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,480
Cap Rate 7%
$423,914
Cap Rate 9%
$329,711
Alternative Uses
Best Use
Office B
$423.9K
$370.9K – $494.6K
NOI $29,674 @ 7.0% cap · market cap 4.95%
Second Best
Retail
$375.6K
$328.6K – $438.2K
NOI $26,289 @ 7.0% cap · market cap 4.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 80634, CO
65,980
Population
25,802
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
90%
High-School Grad
38.3 sq mi
ZIP Area
1,723
Density / Sq Mi
$83,255
Median Household Income
$46,808
Median Earnings
$1,567
Median Rent
$405,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial layout supports office, retail, or live-work occupancy.
Where is this mixed-use property located?
The property is located at 1000 34th Avenue Greeley, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,326 SF mixed‑use building with main floor and usable lower level; Commercial High Density zoning supports office, retail, and live‑work occupancy; 17 dedicated parking spaces
