Industrial Condo with Yard
For Sale
Contact for pricing
201 6th Ave, Greeley, CO 80631
Industrial condo offering yard space for outdoor storage and leases with terms extending to 2028 or later.
Property Size13,348 SF
Lot Size9.00 Acres
Price / SF$159
Days on Market212
Property Features for 201 6th Ave
General Information
Standard status
Active
Size
13,348 SF
Lot size
9.00 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Listing Agency:
Cushman & Wakefield - Fort Collins, Colorado
Listed By:
Travis Ackerman · License #CO 100014006
(970) 776-3900
Source:
Crexi
Added: Feb 9
Changed: Aug 31
Last Checked: Sep 9 at 5:35AM
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 Cushman & Wakefield - Fort Collins, Colorado
Investment Insights
Based on property information with market context.
This industrial condo investment opportunity features substantial outdoor yard space suitable for outdoor storage needs. The property is approximately 9 acres and totals about 13,348 square feet.
Situated near downtown Greeley, the asset provides easy access to Highway 85 for tenant convenience. Several leases do not expire until 2028 or later, supporting a steadier income stream over the next few years.
Situated near downtown Greeley, the asset provides easy access to Highway 85 for tenant convenience. Several leases do not expire until 2028 or later, supporting a steadier income stream over the next few years.
Key Highlights
- Industrial condo investment near downtown Greeley
- Approximately 9 acres with ample yard space for outdoor storage
- Easy access to Highway 85 for tenants
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
$148,895
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
7.02%
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%
$2,977,900
$3.0M
Cap Rate 7%
$2,127,071
$2.1M
Cap Rate 9%
$1,654,389
$1.7M
Market Conditions
NOI Build-Up for 13,348 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
$190.6K $14.28/SF
− Vacancy
−$15.4K −$1.16/SF
EGI
$175.2K $13.12/SF
− OpEx
−$26.3K −$1.97/SF
NOI
$148.9K $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%
$2,977,900
Cap Rate 7%
$2,127,071
Cap Rate 9%
$1,654,389
Alternative Uses
Best Use
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,895 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$2.43M
$2.13M – $2.84M
NOI $170,287 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
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
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Similar Off Market Nearby
- Willie's Grain Inc — 816 8th St, Greeley, CO 80631, United States
- Self Storage — 825 9th St, Greeley, CO 80631
- Stuff-it Storage — 620 4th Ave, Greeley, CO 80631
- SAZ LLC — 281 1st Ave, Greeley, CO 80631
- Safe & Secure Storage — 1015 3rd St, Greeley, CO 80631
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo offering yard space for outdoor storage and leases with terms extending to 2028 or later.
Where is this warehouse located?
The property is located at 201 6th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $2,122,332.
What are key features of this property?
This property features: Industrial condo investment near downtown Greeley; Approximately 9 acres with ample yard space for outdoor storage; Easy access to Highway 85 for tenants
