Building Details

Year Built 1949

Listing Agency: RE/MAX Comm. Alliance-Greeley g***@gmail.com Show Phone

Listed By: Gary Hogan · License #FA100068550 Show Phone

Source: Xome

Added: Oct 20, 2025 Changed: Aug 23 Last Checked: Aug 24 at 3:55AM

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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 Comm. Alliance-Greeley

Investment Insights

Based on property information with market context.

This property features a long-standing auto body shop in Severance, comprising three buildings. Water and sewer are stubbed to Buildings 1 and 2. Building 3 is equipped with gas, suspended heaters, and a bathroom. Buildings 1 and 2 are primarily used for parts and car storage, while Building 3 is fully functional. There are also two containers on the property, which can remain or be removed based on the buyer's preference. The location has a bike score of 33, indicating it is somewhat bikeable, and a walk score of 7, suggesting car dependence.

Key Highlights

• Three buildings included in the sale.
• Long‑standing auto body shop location.
• Water and sewer connections stubbed to Buildings 1 and 2.

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

$70,777

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

7.30%

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%

$1,415,540 $1.4M

Cap Rate 7%

$1,011,100 $1.0M

Cap Rate 9%

$786,411 $786.4K

Market Conditions

NOI Build-Up for 7,938 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

$109.5K $13.80/SF

− Vacancy

−$8.4K −$1.06/SF

EGI

$101.1K $12.74/SF

− OpEx

−$30.3K −$3.82/SF

NOI

$70.8K $8.92/SF

Area

Weld County, CO

Vacancy

7.70%

Lease Rate

$13.80 /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%

$1,415,540

Cap Rate 7%

$1,011,100

Cap Rate 9%

$786,411

Alternative Uses

Best Use

Retail

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,717 @ 7.0% cap · market cap 9.25%

Second Best

Industrial

$1.01M

$884.7K – $1.18M (±1% cap)

NOI $70,777 @ 7.0% cap · market cap 7.30%

Theoretical Best

Office B

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,269 @ 7.0% cap · market cap 10.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Auto shops

Suggested Use

Top Pick Building Supply Dental Office HVAC Service Pharmacy Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Domino's Pizza Dining

3,460 visits/mo 0.4 miles

Demographics for 80546, CO

306

Population

46

Households

6.7

Avg Household Size

34

Median Age

52%

College-Educated

100%

High-School Grad

0.1 sq mi

ZIP Area

3,060

Density / Sq Mi

$55,833

Median Earnings

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Severance Autobody — 133 East 4th Ave, Severance, CO 80546
• Trust Auto and Diesel — 445 1st St, Severance, CO 80546
• Harras Mobile Diesel and Equipment Repair — Severance, CO 80546

Frequently Asked Questions

What type of property is this?

Auto shop - Long-standing auto body shop with three buildings for sale.

Where is this auto shop located?

The property is located at 145 4th Ave Severance, CO.

What is the asking price?

The asking price for this property is $970,000.

What are key features of this property?

This property features: Three buildings included in the sale.; Long‑standing auto body shop location.; Water and sewer connections stubbed to Buildings 1 and 2.