Greeley Office Building For
2021 Clubhouse Drive Greeley, CO 80634
For Sale
$2,600,000
Class A office building in growing Greeley area near golf course.
Property Size18,147 SF
Price / SF$143.27
Days on Market183
Property Features for 2021 Clubhouse Drive
General Information
Standard status
Active
Size
18,147 SF
Property subtype
Office
Building Details
Year Built
1962
Listing Agency:
SVN | Denver Commercial
(970) 566-3481
Listed By:
Bill Reilly · License #CO IA100007601
(970) 566-3481
Source:
Svn
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 28 at 3:21AM
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 SVN | Denver Commercial
Investment Insights
Based on property information with market context.
This 18,147-square-foot office building is located in West Greeley, near the Highland Hills Golf Course, an area experiencing rapid growth. The property features Class A office finishes. A new roof was installed in 2019, and the parking lot was updated in 2020. The property was previously condominiumized into 8 units, presenting a potential value-add opportunity for future owners to divide the building and accommodate smaller tenants. Current tenant lease expirations are as follows: Sears Real Estate on December 31, 2031; Smile Doctors on October 30, 2025; and Colorado Early Education (sublease) on August 31, 2028.
Key Highlights
- Value‑add opportunity: Potential to divide the building into 8 units.
- Located in Greeley's fastest‑growing area.
- Tenant leases in place with staggered expirations, including Sears Real Estate until December 31, 2031.
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.6k | $18.00 |
| − Vacancy | −$18.0k | −$0.99 |
| EGI | $308.7k | $17.01 |
| − OpEx | −$77.2k | −$4.25 |
| NOI | $231.5k | $12.76 |
18,147 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.31M
$2.89M – $3.86M
NOI $231,510 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Class A office building in growing Greeley area near golf course.
Where is this office building located?
The property is located at 2021 Clubhouse Drive Greeley, CO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Value‑add opportunity: Potential to divide the building into 8 units.; Located in Greeley's fastest‑growing area.; Tenant leases in place with staggered expirations, including Sears Real Estate until December 31, 2031.
