Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sterling Commercial Land For Sale Title is generated by Realmo AI

    777 N 4th Street, Sterling, CO 80751

    View on Map
    Claim this Listing
    For Sale
    $750,000

    3.97 acre commercial land in Sterling, Colorado.

    Type:Lots/Land
    Lot size:
    3.97 Acres
    Added:
    Oct 4, 2024
    Days on Market:
    605
    Last Refresh:
    May 27 at 9:56 am

    Property Features for 777 N 4th Street

    General Information

    Standard status
    Active
    Lot size
    3.97 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    KC Sailsbery
    KC Sailsbery

    Listing agent KC Sailsbery License #100078079

    Listing office Platte River Realty LLC

    Listing date Oct 4, 2024

    Source Exitrealty

    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 Platte River Realty LLC

    HighLights

    • Prime Development Opportunity: Full block of 3.97 acres in Sterling, Colorado, ready for development.
    • Zoned Commercial (Community Business), offering diverse development possibilities.
    • Strategic Location: Located in Sterling, the regional shopping hub for Northeast Colorado and Southwest Nebraska, with I‑76 access.
    • Adjacent to a new Senior Living facility, indicating a growing and potentially lucrative market.
    • Approximately 1.5‑hour drive to Denver, providing access to a major metropolitan area.
    • Cleared Site: Previous structure demolished, offering a clean slate for new construction.

    Overview

    This is a 3.97-acre full block of land located in the City of Sterling, Colorado. The property is zoned Commercial (Community Business) and is ready to be developed. A new Senior Living facility is under construction adjacent to the property. Sterling is the largest city in Northeastern Colorado, located in Logan County along I-76, and serves as the regional shopping hub for Northeast Colorado and Southwest Nebraska. It is approximately a 1.5-hour drive to Denver. The previous structure on the property was recently demolished, and utilities have been disconnected at the property line. Contact agent regarding deed restrictions.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sterling
    County
    Logan
    State
    Colorado
    Longitude
    -103.204101
    Latitude
    40.633815

    Nearby Similar for Sale

    • $347,500
      3,299 SF

      Updated Victorian Multi-Family Triplex

      Updated triplex with detached garage in Sterling, Colorado.
      131 Park St, Sterling, CO 80751
      View Details
    • $187,500
      1,344 SF

      Sterling Multifamily Investment Opportunity

      Two move-in ready homes on consolidated lots in Sterling, Colorado.
      901 Phelps St, Sterling, CO 80751
      View Details
    • $164,900
      1,428 SF

      Sterling Multifamily Investment Opportunity

      Two houses on a large lot with expansion potential.
      404 Kochia Way, Sterling, CO 80751
      View Details
    • $149,900

      Downtown Sterling Office Building For Sale

      Well-maintained office building in downtown Sterling with high traffic.
      111 N 2nd St, Sterling, CO 80751
      View Details
    • $110,000
      1,507 SF

      Sterling Duplex with Income Potential

      Duplex in Sterling, CO with two units and storage.
      303 S 2nd St, Sterling, CO 80751
      View Details
    • $240,000
      1,932 SF

      Sterling Dual-Unit Income Property

      Charming dual-unit property near downtown Sterling, Colorado.
      425 Platte St, Sterling, CO 80751
      View Details
    • $289,900
      4,350 SF

      Multi-Family Investment Opportunity

      Income-producing multi-family property with four residential units and rentable storage.
      602 Broadway St, Sterling, CO 80751
      View Details
    • $42,500
      840 SF

      Functional Garage/Warehouse in Sterling, CO

      Low-maintenance 840 sq. ft. garage/warehouse perfect for investors or businesses.
      318 Pine St, Sterling, CO 80751
      View Details
    • $129,000

      Sterling Office Building Near I-76

      Well-maintained office building with versatile workspace and convenient location.
      103 Sierra Vista, Sterling, CO 80751
      View Details
    • $339,500

      Renovated Triplex Investment Opportunity

      Turnkey, updated triplex with solid returns and long-term upside.
      209 N 5th St, Sterling, CO 80751
      View Details
    • $350,000

      Updated Triplex with Garage

      Updated triplex featuring a detached two-car garage and tenant occupancy.
      131 Park St A B C, Sterling, CO 80751
      View Details
    • $325,000

      Well-Maintained Triplex Investment Opportunity

      Turnkey triplex with consistent rental history and immediate income.
      502 Poplar St, Sterling, CO 80751
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.97 acre commercial land in Sterling, Colorado.
    Where is this commercial land located?
    The property is located at 777 N 4th Street Sterling, CO.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime Development Opportunity: Full block of 3.97 acres in Sterling, Colorado, ready for development.; Zoned Commercial (Community Business), offering diverse development possibilities.; Strategic Location: Located in Sterling, the regional shopping hub for Northeast Colorado and Southwest Nebraska, with I‑76 access.
    (970) 380-9915
    We can help!
    Listing Contact
    KC Sailsbery
    KC Sailsbery
    Real Estate License ID: 100078079
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    777 N 4th Street, Sterling, CO 80751
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!