Single-Story Industrial Distribution
For Sale
Contact for pricing
11407 W 24th St, Greeley, CO 80634
Single-story industrial distribution facility with high-feature warehouse and dock-high plus grade-level loading doors.
Property Size41,557 SF
Lot Size2.88 Acres
Price / SF$204.54
Days on Market59
Property Features for 11407 W 24th St
General Information
Standard status
Active
Size
41,557 SF
Lot size
2.88 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Construction
insulated panel walls
Listing Agency:
CBRE - Fort Collins
(970) 948-8300
Listed By:
Jon Rue · License #FA40037286
(970) 948-8300
Source:
Moodyscre
Added: Jun 11
Changed: Jul 31
Last Checked: Jul 31 at 6:39AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
Single-story industrial distribution facility designed for logistics and day-to-day operations, featuring a combination of office space and a high-feature warehouse. The warehouse includes insulated panel walls and full radiant heating, supporting efficient climate control for distribution activities. Loading is versatile with dock-high and grade-level loading doors, complemented by durable concrete used for the parking lot and loading zone.
The property is located in the Greeley Technology Center along Highway 34, just minutes from Interstate 25. The site spans 2.88 acres in Northern Colorado.
With its office and warehouse configuration, multiple loading types, and durable exterior improvements, the facility is built to support a distribution workflow that benefits from flexible truck access.
The property is located in the Greeley Technology Center along Highway 34, just minutes from Interstate 25. The site spans 2.88 acres in Northern Colorado.
With its office and warehouse configuration, multiple loading types, and durable exterior improvements, the facility is built to support a distribution workflow that benefits from flexible truck access.
Key Highlights
- 2.88‑acre site in Northern Colorado
- Single‑story distribution facility with office and high‑feature warehouse
- Insulated panel walls and full radiant heating
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
$463,561
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
5.45%
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%
$9,271,220
$9.3M
Cap Rate 7%
$6,622,300
$6.6M
Cap Rate 9%
$5,150,678
$5.2M
Market Conditions
NOI Build-Up for 41,557 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
$593.4K $14.28/SF
− Vacancy
−$48.1K −$1.16/SF
EGI
$545.4K $13.12/SF
− OpEx
−$81.8K −$1.97/SF
NOI
$463.6K $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%
$9,271,220
Cap Rate 7%
$6,622,300
Cap Rate 9%
$5,150,678
Alternative Uses
Best Use
Warehouse
$6.62M
$5.79M – $7.73M
NOI $463,561 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$5.29M
$4.63M – $6.18M
NOI $370,530 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office B
$7.57M
$6.63M – $8.84M
NOI $530,163 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - Single-story industrial distribution facility with high-feature warehouse and dock-high plus grade-level loading doors.
Where is this distribution center located?
The property is located at 11407 W 24th St Greeley, CO.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 2.88‑acre site in Northern Colorado; Single‑story distribution facility with office and high‑feature warehouse; Insulated panel walls and full radiant heating
