Golf Community
New
For Sale
$1,610,000
5750 West 20th Street, Greeley, CO 80634
Townhome-style multifamily buildings offer spacious two-bedroom residences with two-and-a-half bathrooms in west Greeley.
Property Size8,400 SF
Price / SF$191.67
Days on Market2
Property Features for 5750 West 20th Street
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Multifamily
Units
Unit Mix
7 x 2BR/2.5BA
Multifamily Units
7
Building Details
Year Built
1988
Buildings
2
Listed By:
Tom Reznik
(970) 215-4511
Source:
Cbre
Added: Sep 14
Last Checked: Sep 15 at 4:47AM
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 Tom Reznik
Investment Insights
Based on property information with market context.
This multifamily property comprises one quadplex and one three-plex totaling 8,400 square feet. Built in 1988, the townhome-style buildings contain spacious layouts with two bedrooms and two-and-a-half bathrooms per residence. The improvements are described as well maintained and feature a consistent configuration across the property.
The property is located at 5750 West 20th Street in Greeley, within the Highland Greens Golf Course Community and northwest of Highland Hills Golf Club. Retail centers, schools, parks, entertainment options, and Work Out West Health & Recreation Center are identified as nearby area amenities.
The property is located at 5750 West 20th Street in Greeley, within the Highland Greens Golf Course Community and northwest of Highland Hills Golf Club. Retail centers, schools, parks, entertainment options, and Work Out West Health & Recreation Center are identified as nearby area amenities.
Key Highlights
- Combined quadplex and three‑plex configuration
- 8,400‑square‑foot multifamily property
- Built in 1988
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
$96,675
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
6.00%
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%
$1,933,500
$1.9M
Cap Rate 7%
$1,381,071
$1.4M
Cap Rate 9%
$1,074,167
$1.1M
Market Conditions
NOI Build-Up for 8,400 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
$146.2K $17.40/SF
− Vacancy
−$8.1K −$0.96/SF
EGI
$138.1K $16.44/SF
− OpEx
−$41.4K −$4.93/SF
NOI
$96.7K $11.51/SF
Area
Greeley, CO
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,933,500
Cap Rate 7%
$1,381,071
Cap Rate 9%
$1,074,167
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,675 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,782 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office B
$1.53M
$1.34M – $1.79M
NOI $107,163 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 80634, CO
65,980
Population
25,802
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
90%
High-School Grad
38.3 sq mi
ZIP Area
1,723
Density / Sq Mi
$83,255
Median Household Income
$46,808
Median Earnings
$1,567
Median Rent
$405,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Townhome-style multifamily buildings offer spacious two-bedroom residences with two-and-a-half bathrooms in west Greeley.
Where is this quadplex located?
The property is located at 5750 West 20th Street Greeley, CO.
What is the asking price?
The asking price for this property is $1,610,000.
What are key features of this property?
This property features: Combined quadplex and three‑plex configuration; 8,400‑square‑foot multifamily property; Built in 1988
