Warehouse and Research Lab
2323 115th Ave Greeley, CO 80634
For Sale
$4,250,000
2015-built industrial facility combines a steel-frame warehouse with a masonry research laboratory component.
Property Size17,699 SF
Price / SF$240.13
Days on Market15
Property Features for 2323 115th Ave
General Information
- Standard status
- Active
- Size
- 17,699 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2015
Listing Agency:
CBRE - Fort Collins
(970) 372-3852
Listed By:
Julius Tabert · License #FA40037286
(970) 372-3852
Source:
Elliman
Added: Jul 11
Last Checked: Jul 24 at 11:34AM
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.
Built in 2015, this 17,699-square-foot industrial facility features a combination of concrete masonry walls with a pre-engineered metal building on a load-bearing spread footing foundation system. The building is divided into two main components: a structural steel frame warehouse and a masonry research laboratory.
Located within High Point Business Park in west Greeley, the property is situated at the southeast corner of U.S. Highway 34 and State Highway 257. The public remarks describe the area as a mixed-use industrial development with high traffic visibility and high profile neighbors. The listing also notes no Metro District Taxes, and provides bike and walk scores of 18 (Somewhat Bikeable) and 0 (Car-Dependent), respectively.
Located within High Point Business Park in west Greeley, the property is situated at the southeast corner of U.S. Highway 34 and State Highway 257. The public remarks describe the area as a mixed-use industrial development with high traffic visibility and high profile neighbors. The listing also notes no Metro District Taxes, and provides bike and walk scores of 18 (Somewhat Bikeable) and 0 (Car-Dependent), respectively.
Key Highlights
- 2015‑built 17,699 SF industrial facility in Highpoint Business Park (west Greeley, CO)
- Construction features concrete masonry walls with a pre‑engineered metal building on a load‑bearing spread footing foundation system
- Building includes two main components: a structural steel frame warehouse and a masonry research laboratory
Financial Insights For Warehouse
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 | $252.7k | $14.28 |
| − Vacancy | −$20.5k | −$1.16 |
| EGI | $232.3k | $13.12 |
| − OpEx | −$34.8k | −$1.97 |
| NOI | $197.4k | $11.15 |
17,699 SF · lease $14.28/SF/yr · vacancy 8.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.82M
$2.47M – $3.29M
NOI $197,429 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$2.25M
$1.97M – $2.63M
NOI $157,807 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office B
$3.23M
$2.82M – $3.76M
NOI $225,795 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nutrien Technical Center
Research And Product Development
Agrium Wholesale Technical ...
Laboratory
FAQs
What type of property is this?
Warehouse - 2015-built industrial facility combines a steel-frame warehouse with a masonry research laboratory component.
Where is this warehouse located?
The property is located at 2323 115th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 2015‑built 17,699 SF industrial facility in Highpoint Business Park (west Greeley, CO); Construction features concrete masonry walls with a pre‑engineered metal building on a load‑bearing spread footing foundation system; Building includes two main components: a structural steel frame warehouse and a masonry research laboratory
