Warehouse For
For Sale
$3,250,000
1712 1st Ave, Greeley, CO 80631
Warehouse property available for sale in Greeley, Colorado with walk and bike scores indicating moderate alternative transportation access.
Property Size15,612 SF
Days on Market18
Property Features for 1712 1st Ave
General Information
Standard status
Active
Size
15,612 SF
Property subtype
Industrial
Building Details
Building Size
15,612 SF
Year Built
1979
Listing Agency:
WayPoint Real Estate
(970) 415-0538
Listed By:
Brian Smerud · License #FA100042149
(970) 415-0538
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 10 at 4:13AM
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 WayPoint Real Estate
Investment Insights
Based on property information with market context.
This warehouse property is available for sale. The available information does not specify building size, layout, condition details, or site improvements.
The property is located at 1712 1st Ave in Greeley, CO 80631. Public transportation is not described, but the area records a 71 BikeScore and a 62 WalkScore, indicating it is fairly bikeable and somewhat walkable.
Additional details such as loading configuration, office buildout, or other functional features were not provided in the available data.
The property is located at 1712 1st Ave in Greeley, CO 80631. Public transportation is not described, but the area records a 71 BikeScore and a 62 WalkScore, indicating it is fairly bikeable and somewhat walkable.
Additional details such as loading configuration, office buildout, or other functional features were not provided in the available data.
Key Highlights
- Warehouse property built in 1979
- BikeScore 71 (Very Bikeable) and WalkScore 62 (Somewhat Walkable)
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
$174,149
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
5.36%
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%
$3,482,980
$3.5M
Cap Rate 7%
$2,487,843
$2.5M
Cap Rate 9%
$1,934,989
$1.9M
Market Conditions
NOI Build-Up for 15,612 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
$222.9K $14.28/SF
− Vacancy
−$18.1K −$1.16/SF
EGI
$204.9K $13.12/SF
− OpEx
−$30.7K −$1.97/SF
NOI
$174.1K $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%
$3,482,980
Cap Rate 7%
$2,487,843
Cap Rate 9%
$1,934,989
Alternative Uses
Best Use
Warehouse
$2.49M
$2.18M – $2.90M
NOI $174,149 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$2.85M
$2.49M – $3.32M
NOI $199,170 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property available for sale in Greeley, Colorado with walk and bike scores indicating moderate alternative transportation access.
Where is this warehouse located?
The property is located at 1712 1st Ave Greeley, CO.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Warehouse property built in 1979; BikeScore 71 (Very Bikeable) and WalkScore 62 (Somewhat Walkable)
