Industrial Flex Facility For
For Sale
$925,000
1539 1st, Greeley, CO 80631
Industrial/Flex facility with showroom, warehouse, garage, and fenced yard.
Property Size6,719 SF
Lot Size0.31 Acres
Price / SF$137.67
Days on Market281
Property Features for 1539 1st
General Information
Standard status
Active
Size
6,719 SF
Lot size
0.31 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,393
Amenities
Central air
Corner Lot
Central Air Cooling
Composition Roof
Forced Air Heating
Building Details
Year Built
1948
Listing Agency:
Waypoint Real Estate
(970) 632-5050
Listed By:
JOSHUA GUERNSEY · License #100012659
(970) 218-2331
Source:
Corcoran
Added: Jan 28
Changed: Aug 14
Last Checked: Apr 5 at 9:06PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial/flex facility for sale is located near US Hwy 85. The property features a showroom and warehouse, along with a detached 900 square foot garage and a fenced-in yard with parking. The total building size is 6,719 square feet, situated on two lots. The warehouse includes one 14'x12' overhead door. The detached garage has two 8'x8' overhead doors and 3-phase power.
Key Highlights
- Large 6,719 SF Industrial/Flex Facility
- Conveniently Located Near US Hwy 85
- Includes a 900 SF Detached Garage with (2) 8'x8' Overhead Doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,908
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,160
$1.2M
Cap Rate 7%
$855,829
$855.8K
Cap Rate 9%
$665,644
$665.6K
Market Conditions
NOI Build-Up for 6,719 SF
Gross rent
$92.7K $13.80/SF
− Vacancy
−$7.1K −$1.06/SF
EGI
$85.6K $12.74/SF
− OpEx
−$25.7K −$3.82/SF
NOI
$59.9K $8.92/SF
Area
Greeley, 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 Rate 5%
$1,198,160
Cap Rate 7%
$855,829
Cap Rate 9%
$665,644
Alternative Uses
Best Use
Industrial
$855.8K
$748.9K – $998.5K
NOI $59,908 @ 7.0% cap · market cap 6.48%
Second Best
Flex RnD
$794.7K
$695.4K – $927.2K
NOI $55,629 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office B
$1.22M
$1.07M – $1.43M
NOI $85,718 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Peak Kitchen — 614 8th Ave, Greeley, CO 80631
Frequently Asked Questions
What type of property is this?
Flex space - Industrial/Flex facility with showroom, warehouse, garage, and fenced yard.
Where is this flex space located?
The property is located at 1539 1st Greeley, CO.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Large 6,719 SF Industrial/Flex Facility; Conveniently Located Near US Hwy 85; Includes a 900 SF Detached Garage with (2) 8'x8' Overhead Doors
