Industrial Condos Near Highway
For Sale
$1,975,000
128 30th St 2 3 4, Greeley, CO 80631
Industrial condos suitable for manufacturing, distribution, or commercial uses.
Property Size12,107 SF
Lot Size1.71 Acres
Days on Market257
Property Features for 128 30th St 2 3 4
General Information
Standard status
Active
Size
12,107 SF
Lot size
1.71 Acres
Property subtype
Industrial
Building Details
Building Size
12,107 SF
Year Built
1999
Listing Agency:
RE/MAX Alliance-Greeley
(970) 222-3010
Listed By:
Nick Whitworth · License #040009303
(970) 222-3010
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:40AM
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 RE/MAX Alliance-Greeley
Investment Insights
Based on property information with market context.
These industrial condos are situated along the Highway 85 and 34 Corridor. The property is zoned (I-M) Industrial-Medium Intensity, accommodating a variety of uses in manufacturing and distribution, along with high-intensity commercial applications. A large, fenced yard is suitable for fleet vehicles or trade equipment. Some mineral rights are included in the sale.
Key Highlights
- High 7.5% CAP rate for NNN investment.
- Zoned (I‑M) Industrial‑Medium Intensity allowing diverse uses.
- Large, fenced yard suitable for fleet vehicles or trade equipment.
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
$135,051
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
6.84%
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%
$2,701,020
$2.7M
Cap Rate 7%
$1,929,300
$1.9M
Cap Rate 9%
$1,500,567
$1.5M
Market Conditions
NOI Build-Up for 12,107 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
$172.9K $14.28/SF
− Vacancy
−$14.0K −$1.16/SF
EGI
$158.9K $13.12/SF
− OpEx
−$23.8K −$1.97/SF
NOI
$135.1K $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%
$2,701,020
Cap Rate 7%
$1,929,300
Cap Rate 9%
$1,500,567
Alternative Uses
Best Use
Warehouse
$1.93M
$1.69M – $2.25M
NOI $135,051 @ 7.0% cap · market cap 6.84%
Second Best
Industrial
$1.54M
$1.35M – $1.80M
NOI $107,948 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office B
$2.21M
$1.93M – $2.57M
NOI $154,455 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial condos suitable for manufacturing, distribution, or commercial uses.
Where is this manufacturing property located?
The property is located at 128 30th St 2 3 4 Greeley, CO.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: High 7.5% CAP rate for NNN investment.; Zoned (I‑M) Industrial‑Medium Intensity allowing diverse uses.; Large, fenced yard suitable for fleet vehicles or trade equipment.
