Owner-Upgraded Strip
New
For Sale
$925,000
2001 9th St, Greeley, CO 80631
Four commercial units offer a compact retail configuration with owner-completed upgrades.
Property Size2,552 SF
Days on Market6
Property Features for 2001 9th St
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,052
Building Details
Building Size
2,552 SF
Year Built
1955
Listing Agency:
(970) 515-9580
Listed By:
Rodrigo Villafana
(970) 515-9580
Source:
Elliman
Added: Aug 16
Changed: Aug 20
Last Checked: Aug 20 at 7:45AM
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 Rodrigo Villafana
Investment Insights
Based on property information with market context.
This strip mall contains four commercial units and has received upgrades completed by the owner. The property was built in 1955 and is positioned along 9th St in Greeley.
Walk Score is 68, rated Somewhat Walkable, while Bike Score is 50, rated Bikeable. The asset is offered for sale.
Walk Score is 68, rated Somewhat Walkable, while Bike Score is 50, rated Bikeable. The asset is offered for sale.
Key Highlights
- Four commercial units
- Owner‑completed property upgrades
- Built in 1955
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
$28,843
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
3.12%
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%
$576,860
$576.9K
Cap Rate 7%
$412,043
$412.0K
Cap Rate 9%
$320,478
$320.5K
Market Conditions
NOI Build-Up for 2,552 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
$45.9K $18.00/SF
− Vacancy
−$4.7K −$1.85/SF
EGI
$41.2K $16.15/SF
− OpEx
−$12.4K −$4.84/SF
NOI
$28.8K $11.30/SF
Area
Greeley, CO
Vacancy
10.30%
Lease Rate
$18.00 /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%
$576,860
Cap Rate 7%
$412,043
Cap Rate 9%
$320,478
Alternative Uses
Best Use
Retail
$412.0K
$360.5K – $480.7K
NOI $28,843 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$465.1K
$407.0K – $542.6K
NOI $32,557 @ 7.0% cap · market cap 3.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 54%
Shops & Services 35%
Dining 11%
Harbor Freight Tools
Home Improvements & Furnishings
11,970 visits/mo
0.5 miles
AutoZone
Shops & Services
4,880 visits/mo
0.2 miles
Pizza Hut
Dining
3,028 visits/mo
0.5 miles
Stinker Station
Shops & Services
2,885 visits/mo
0.2 miles
Hykes Ace Hardware
Home Improvements & Furnishings
2,862 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Four commercial units offer a compact retail configuration with owner-completed upgrades.
Where is this strip mall located?
The property is located at 2001 9th St 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: Four commercial units; Owner‑completed property upgrades; Built in 1955
