Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1701 23rd Ave Greeley, CO 80634

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,781 SF office suite with open layout and utilities included.

    Type:OFFICE
    Property size:
    7,781 SF
    Lot size:
    2.24 Acres
    Added:
    Nov 11, 2024
    Days on Market:
    534
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 1701 23rd Ave

    General Information

    Standard status
    Active
    Size
    7,781 SF
    Lot size
    2.24 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1701 23rd Ave Contact us

    We can help!

    Listing Contact
    Nick Berryman
    Nick Berryman

    Listing agent Nick Berryman License #FA40034059

    Listing office Realtec Greeley

    Listing date Nov 11, 2024

    Source Moodyscre

    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 Realtec Greeley

    Overview

    Remodeled Office Suite For Lease

    This 7,781 square-foot office suite is available for rent. The space features recently remodeled interior finishes and an open layout design. Located on the 2nd floor, the space is elevator served. The suite is divisible based on qualified interest. The gross lease rate is $25 per square foot, which includes utilities. A tenant improvement allowance is negotiable. The property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FNBO Bank FedEx Drop Box Postal Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.716
    Latitude
    40.412

    Nearby Similar for Lease

    • $16 SF/Yr

      Greeley Medical/Office Space Available

      3,394 SF medical/office space for lease in Greeley, CO.
      2003 46th 2003, Greeley, CO 80634
      View Details
    • $14 SF/Yr

      Prime Retail Space Opportunity

      Exceptional retail space in a high-demand area, below-market rent.
      4835 W 10th St A, Greeley, CO 80634
      View Details
    • $22 SF/Yr

      Office/Medical Suite For Lease

      3,020 SF office/medical suite available for lease.
      5754 W 11th St 3, Greeley, CO 80634
      View Details
    • $16 SF/Yr

      Retail Space in Central Greeley

      Retail space for lease in central Greeley with ample parking.
      2700 W 10th St 101B, Greeley, CO 80631
      View Details
    • $15 SF/Yr

      Retail Space in Gallery Green

      Retail space available for lease in shopping center.
      2985 W 29th St F, Greeley, CO 80631
      View Details
    • $15 SF/Yr

      Versatile Commercial Flex Building

      Flex building suitable for retail, office, or commercial use.
      2207 9th St Suite A, Greeley, CO 80631
      View Details
    • $8 SF/Yr

      Versatile Retail/Showroom Space Available

      Adaptable space suitable for retail, showroom, or fitness uses.
      2400 W 16th St C, Greeley, CO 80634
      View Details
    • $17 SF/Yr

      Downtown Office Space For Rent

      Charming office spaces in a thriving downtown location.
      809 9th St 2A, Greeley, CO 80631
      View Details
    • $17 SF/Yr

      Professional Office Suite For Rent

      Prime west Greeley office suite with high visibility and parking.
      3050 67th 202, Greeley, CO 80634
      View Details
    • $14 SF/Yr

      Versatile Greeley Commercial Space Available

      Industrial, office, and outdoor storage spaces near downtown Greeley.
      625 3rd St A, Greeley, CO 80631
      View Details
    • $15 SF/Yr

      Updated Office and Shop Space

      Updated flex space with office, restroom, and shop.
      2015 2nd Ave J, Greeley, CO 80631
      View Details
    • $14 SF/Yr

      Greeley Industrial, Office, Storage Spaces

      Versatile industrial, office, and outdoor storage spaces for lease.
      117 N 6th, Greeley, CO 80631
      View Details

    FAQs

    What type of property is this?
    Office units - 7,781 SF office suite with open layout and utilities included.
    Where is this office units located?
    The property is located at 1701 23rd Ave Greeley, CO.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Recently remodeled interior finishes; Open layout design, perfect for a collaborative workspace; $25/SF Gross lease rate (includes utilities)
    (970) 396-0853 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Berryman
    Nick Berryman
    Real Estate License ID: FA40034059
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!