Industrial Condo with Fenced
For Sale
Contact for pricing
128 30th St, Greeley, CO 80631
I-M zoning supports manufacturing, distribution, and high-intensity commercial uses.
Property Size12,107 SF
Price / SF$152.25
Days on Market50
Property Features for 128 30th St
General Information
Standard status
Active
Size
12,107 SF
Property subtype
INDUSTRIAL
Zoning
I-M
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Cap Rate
8.4%
Listing Agency:
RE/MAX Commercial Alliance
(970) 482-1781
Listed By:
Nick Whitworth · License #COLORADOEA100041986
(970) 222-3010
Source:
Moodyscre
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 16 at 8:42PM
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 Commercial Alliance
Investment Insights
Based on property information with market context.
This 12,107-square-foot industrial condominium is positioned for either owner occupancy or an NNN investment structure. The property includes a fenced yard suited to fleet vehicles or trade equipment, while I-M, Industrial-Medium Intensity zoning accommodates manufacturing, distribution, and high-intensity commercial uses. Some mineral rights are included in the sale.
The property is located along the Hwy 85 and 34 Corridor at 128 30th St in Greeley, Colorado. The offering reflects an 8.4% CAP rate and provides a combination of industrial building space, outdoor yard area, and flexible commercial zoning.
The property is located along the Hwy 85 and 34 Corridor at 128 30th St in Greeley, Colorado. The offering reflects an 8.4% CAP rate and provides a combination of industrial building space, outdoor yard area, and flexible commercial zoning.
Key Highlights
- 12,107 square feet of industrial condominium space
- Fenced yard for fleet vehicles or trade equipment
- I‑M Industrial‑Medium Intensity zoning
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
7.33%
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 7.33%
Second Best
Industrial
$1.54M
$1.35M – $1.80M
NOI $107,948 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office B
$2.21M
$1.93M – $2.57M
NOI $154,455 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
123
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - I-M zoning supports manufacturing, distribution, and high-intensity commercial uses.
Where is this industrial property located?
The property is located at 128 30th St Greeley, CO.
What is the asking price?
The asking price for this property is $1,843,334.
What are key features of this property?
This property features: 12,107 square feet of industrial condominium space; Fenced yard for fleet vehicles or trade equipment; I‑M Industrial‑Medium Intensity zoning
