Industrial Condo
For Sale
Contact for pricing
113-215 6th Ave, Greeley, CO 80631
Industrial condo warehouse with substantial yard space for outdoor storage and tenant access via Highway 85.
Property Size13,348 SF
Lot Size9.00 Acres
Price / SF$159
Days on Market195
Property Features for 113-215 6th Ave
General Information
Standard status
Active
Size
13,348 SF
Lot size
9.00 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 267-7720
Listed By:
Travis Ackerman · License #100014006
(970) 267-7720
Source:
Moodyscre
Added: Feb 6
Changed: Aug 19
Last Checked: Aug 20 at 12:59PM
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 Cushman & Wakefield | Fort Collins
Investment Insights
Based on property information with market context.
Industrial condo warehouse offering approximately 13,348 SF and an entire property footprint of about 9 acres. The setup is designed to support tenants that need outdoor storage, with an abundance of yard space for operations that require material staging or equipment storage.
The property is located near downtown Greeley, providing easy access to Highway 85 for its tenants. Several of the leases won’t expire until 2028 or later, supporting longer-term tenancy for those occupants.
Ideal for industrial users seeking a warehouse-and-yard configuration within an industrial condo format, with established lease terms extending into the next several years.
The property is located near downtown Greeley, providing easy access to Highway 85 for its tenants. Several of the leases won’t expire until 2028 or later, supporting longer-term tenancy for those occupants.
Ideal for industrial users seeking a warehouse-and-yard configuration within an industrial condo format, with established lease terms extending into the next several years.
Key Highlights
- Approximately 9 acres of yard space for outdoor storage
- Approximately 13,348 SF industrial condo warehouse
- Easy access to Highway 85 for tenants
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
$148,895
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
7.02%
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%
$2,977,900
$3.0M
Cap Rate 7%
$2,127,071
$2.1M
Cap Rate 9%
$1,654,389
$1.7M
Market Conditions
NOI Build-Up for 13,348 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
$190.6K $14.28/SF
− Vacancy
−$15.4K −$1.16/SF
EGI
$175.2K $13.12/SF
− OpEx
−$26.3K −$1.97/SF
NOI
$148.9K $11.15/SF
Area
Greeley, CO
Vacancy
8.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
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%
$2,977,900
Cap Rate 7%
$2,127,071
Cap Rate 9%
$1,654,389
Alternative Uses
Best Use
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,895 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$2.43M
$2.13M – $2.84M
NOI $170,287 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80631, CO
52,336
Population
18,871
Households
2.8
Avg Household Size
29
Median Age
18%
College-Educated
73%
High-School Grad
103.6 sq mi
ZIP Area
505
Density / Sq Mi
$52,470
Median Household Income
$33,062
Median Earnings
$1,209
Median Rent
$300,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stuff-it Storage — 620 4th Ave, Greeley, CO 80631
- Self Storage — 825 9th St, Greeley, CO 80631
- SAZ LLC — 281 1st Ave, Greeley, CO 80631
- Safe & Secure Storage — 1015 3rd St, Greeley, CO 80631
- Willie's Grain Inc — 816 8th St, Greeley, CO 80631, United States
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo warehouse with substantial yard space for outdoor storage and tenant access via Highway 85.
Where is this warehouse located?
The property is located at 113-215 6th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $2,122,332.
What are key features of this property?
This property features: Approximately 9 acres of yard space for outdoor storage; Approximately 13,348 SF industrial condo warehouse; Easy access to Highway 85 for tenants
