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 Market195
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
Source:
Corcoran
Added: Jan 28
Changed: Aug 8
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
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 = 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
$74,949
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
8.10%
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%
$1,498,980
$1.5M
Cap Rate 7%
$1,070,700
$1.1M
Cap Rate 9%
$832,767
$832.8K
Market Conditions
NOI Build-Up for 6,719 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
$95.9K $14.28/SF
− Vacancy
−$7.8K −$1.16/SF
EGI
$88.2K $13.12/SF
− OpEx
−$13.2K −$1.97/SF
NOI
$74.9K $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%
$1,498,980
Cap Rate 7%
$1,070,700
Cap Rate 9%
$832,767
Alternative Uses
Best Use
Warehouse
$1.07M
$936.9K – $1.25M
NOI $74,949 @ 7.0% cap · market cap 8.10%
Second Best
Industrial
$855.8K
$748.9K – $998.5K
NOI $59,908 @ 7.0% cap · market cap 6.48%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
