Freestanding Industrial
For Sale
Contact for pricing
1708-1712 1st Ave, Greeley, CO 80631
Freestanding industrial warehouse with a finished office build-out, offered for sale or lease.
Property Size15,612 SF
Price / SF$208.17
Days on Market56
Property Features for 1708-1712 1st Ave
General Information
Standard status
Active
Size
15,612 SF
Property subtype
INDUSTRIAL
Listing Agency:
WayPoint Real Estate
(970) 632-5050
Listed By:
Erik Caffee · License #100085147
(970) 218-4284
Source:
Moodyscre
Added: Jul 24
Changed: Sep 16
Last Checked: Sep 16 at 2:34PM
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 freestanding industrial warehouse includes a finished office build-out, making the space suitable for businesses that need both operational warehousing and dedicated office functionality. The property is available for sale or lease.
The building is identified as 1708–1712 1st Ave in Greeley, CO 80631. With a total size of 15,612 SF, it provides a compact footprint for light industrial or distribution-type uses that also benefit from on-site office space.
The warehouse configuration combined with an existing finished office supports straightforward day-to-day operations, whether you are seeking an owner-occupant facility or a flexible space for tenancy.
The building is identified as 1708–1712 1st Ave in Greeley, CO 80631. With a total size of 15,612 SF, it provides a compact footprint for light industrial or distribution-type uses that also benefit from on-site office space.
The warehouse configuration combined with an existing finished office supports straightforward day-to-day operations, whether you are seeking an owner-occupant facility or a flexible space for tenancy.
Key Highlights
- Freestanding industrial warehouse with finished office build‑out
- 15,612 SF total size
- Available for sale or lease
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
$174,149
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
5.36%
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%
$3,482,980
$3.5M
Cap Rate 7%
$2,487,843
$2.5M
Cap Rate 9%
$1,934,989
$1.9M
Market Conditions
NOI Build-Up for 15,612 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
$222.9K $14.28/SF
− Vacancy
−$18.1K −$1.16/SF
EGI
$204.9K $13.12/SF
− OpEx
−$30.7K −$1.97/SF
NOI
$174.1K $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%
$3,482,980
Cap Rate 7%
$2,487,843
Cap Rate 9%
$1,934,989
Alternative Uses
Best Use
Warehouse
$2.49M
$2.18M – $2.90M
NOI $174,149 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,199 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office B
$2.85M
$2.49M – $3.32M
NOI $199,170 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial warehouse with a finished office build-out, offered for sale or lease.
Where is this warehouse located?
The property is located at 1708-1712 1st Ave Greeley, CO.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Freestanding industrial warehouse with finished office build‑out; 15,612 SF total size; Available for sale or lease
