Multi-Building Flex
1219 5th Ave, Greeley, CO 80631
For Sale
New
$775,000
The property accommodates storage, retail, work, and office functions in separate areas.
Property Size4,769 SF
Days on Market1
Property Features for 1219 5th Ave
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listed By:
Gerry McFarling
(970) 313-6884
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:55PM
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 Gerry McFarling
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Investment Insights
Based on property information with market context.
This flex property comprises north and south buildings with space for inventory storage, retail, work areas, and offices. Plumbing and water lines have been updated, and a new hot water heater has been installed. The south building has replacement skylights and a thermostatically controlled exhaust fan; soffit repairs were completed on the north building. The property was built in 1976 and is located at 1219 5th Ave in Greeley, Colorado.
Key Highlights
- Multiple buildings accommodate storage, retail, work, and office functions
- Updated plumbing and water lines, plus a new hot water heater
- Replacement skylights and thermostatically controlled exhaust fan in the south building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,900
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,000
$1.1M
Cap Rate 7%
$770,000
$770.0K
Cap Rate 9%
$598,889
$598.9K
Market Conditions
NOI Build-Up for 4,769 SF
Gross rent
$85.8K $18.00/SF
− Vacancy
−$8.8K −$1.85/SF
EGI
$77.0K $16.15/SF
− OpEx
−$23.1K −$4.84/SF
NOI
$53.9K $11.30/SF
Area
Greeley, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,000
Cap Rate 7%
$770,000
Cap Rate 9%
$598,889
Alternative Uses
Best Use
Retail
$770.0K
$673.8K – $898.3K
NOI $53,900 @ 7.0% cap · market cap 6.95%
Second Best
Warehouse
$760.0K
$665.0K – $886.6K
NOI $53,197 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office B
$869.2K
$760.5K – $1.01M
NOI $60,841 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Properties on Market for Flex space in Greeley
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- C & J Market & Deli — 722 5th Ave, Greeley, CO 80631
- Peak Kitchen — 614 8th Ave, Greeley, CO 80631
Frequently Asked Questions
What type of property is this?
Flex space - The property accommodates storage, retail, work, and office functions in separate areas.
Where is this flex space located?
The property is located at 1219 5th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Multiple buildings accommodate storage, retail, work, and office functions; Updated plumbing and water lines, plus a new hot water heater; Replacement skylights and thermostatically controlled exhaust fan in the south building
