Storefront Building with Flexible
For Sale
Contact for pricing
1335 8th Ave, Greeley, CO 80631
Adaptable commercial space supports retail, studio, gallery, and mixed-use operations in downtown Greeley.
Property Size8,900 SF
Lot Size0.23 Acres
Price / SF$146.07
Days on Market21
Property Features for 1335 8th Ave
General Information
Standard status
Active
Size
8,900 SF
Class
C
Total Parking Spaces
6
Lot size
0.23 Acres
Property subtype
Retail, Office
Investment Type
Owner/User
Additional Details
Anchor Co-Tenants
Tointon Gallery
Building Details
Year Built
1959
Buildings
1
Tenancy
Multi
Listing Agency:
Step Commercial Real Estate
Listed By:
Manuel Martin · License #FA100100336
Source:
Crexi
Added: Aug 11
Changed: Aug 30
Last Checked: Aug 30 at 8:35AM
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 Step Commercial Real Estate
Investment Insights
Based on property information with market context.
Built in 1959, this 8,900-square-foot commercial building occupies a 0.23-acre lot at 1335 8th Ave in downtown Greeley. The storefront configuration offers a flexible interior suited to retail, studio, gallery, or mixed commercial use, with solid mid-century construction and substantial usable area. The property may accommodate an owner-user or investor seeking a commercial building in an established business district.
The surrounding downtown setting includes walkable streets, independent shops, art galleries, and local restaurants. The nearby Tointon Gallery and community of working artists contribute to the area’s cultural character, while the district also draws University of Northern Colorado students and staff, residents, and visitors for shopping, dining, and arts events. Major roadways provide connections throughout Weld County and the Front Range.
The surrounding downtown setting includes walkable streets, independent shops, art galleries, and local restaurants. The nearby Tointon Gallery and community of working artists contribute to the area’s cultural character, while the district also draws University of Northern Colorado students and staff, residents, and visitors for shopping, dining, and arts events. Major roadways provide connections throughout Weld County and the Front Range.
Key Highlights
- 8,900‑square‑foot commercial building on a 0.23‑acre lot
- Built in 1959 with solid mid‑century construction
- Flexible layout for retail, studio, gallery, or mixed commercial use
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
$113,542
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
8.73%
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%
$2,270,840
$2.3M
Cap Rate 7%
$1,622,029
$1.6M
Cap Rate 9%
$1,261,578
$1.3M
Market Conditions
NOI Build-Up for 8,900 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
$160.2K $18.00/SF
− Vacancy
−$8.8K −$0.99/SF
EGI
$151.4K $17.01/SF
− OpEx
−$37.8K −$4.25/SF
NOI
$113.5K $12.76/SF
Area
Greeley, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,270,840
Cap Rate 7%
$1,622,029
Cap Rate 9%
$1,261,578
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,542 @ 7.0% cap · market cap 8.73%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,590 @ 7.0% cap · market cap 7.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
Under-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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Adaptable commercial space supports retail, studio, gallery, and mixed-use operations in downtown Greeley.
Where is this storefront property located?
The property is located at 1335 8th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8,900‑square‑foot commercial building on a 0.23‑acre lot; Built in 1959 with solid mid‑century construction; Flexible layout for retail, studio, gallery, or mixed commercial use
