Greeley Office Park
1140 38th Ave, Greeley, CO 80634
Call to check price and availability
Professional office space in central Greeley, close to amenities.
Type:Office
Property size:
5,148 SFPrice / SF:
$209/SF- Added:
- Feb 19, 2026
- Days on Market:
- 86
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1140 38th Ave
General Information
- Standard status
- Active
- Size
- 5,148 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agent Jason Ells License #CO FA.040024170
Listing office Cushman & Wakefield - Fort Collins, Colorado (970) 776-3900
Listing date Feb 19, 2026
Source Crexi
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, Colorado
HighLights
- Professional appearance, both inside and out.
- Flexible open floor plan adaptable to various office configurations.
- Finished basement meeting/storage area.
- Convenient location in the central Greeley market.
- Close proximity to Bittersweet Lake and Bittersweet Park.
- Surrounded by various restaurant and retail amenities along the 10th Street corridor.
Overview
The Bittersweet Plaza Office Park presents an opportunity for professional office users in the central Greeley market. The building offers a professional appearance both inside and out. The location is near Bittersweet Lake and Bittersweet Park, as well as various restaurant and retail amenities along the 10th Street corridor. The current open floor plan allows for a variety of configurations of workstations, conference space, and private offices. A finished basement meeting and storage area is available. The property has a size of 5148 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$729.7K
NOI $65,676 @ 9.00% cap · cautious / downside scenario
Moderate
$938.2K
NOI $65,676 @ 7.00% cap · market / base-case scenario
Aggressive
$1.31M
NOI $65,676 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.7k | $18.00 |
| − Vacancy | −$5.1k | −$0.99 |
| EGI | $87.6k | $17.01 |
| − OpEx | −$21.9k | −$4.25 |
| NOI | $65.7k | $12.76 |
5,148 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$938.2K
$821.0K – $1.09M
NOI $65,676 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
American Family Insurance
Insurance Agency
Q Wealth Management
Financial Advisor
The Law Offices of David ...
Law Firm
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.7397487
- Latitude
- 40.4208733
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Professional office space in central Greeley, close to amenities.
Where is this office building located?
The property is located at 1140 38th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Professional appearance, both inside and out.; Flexible open floor plan adaptable to various office configurations.; Finished basement meeting/storage area.
