Warehouse and Research Lab
For Sale
$4,250,000
2323 115th Ave, Greeley, CO 80634
2015-built industrial facility combines a steel-frame warehouse with a masonry research laboratory component.
Property Size17,669 SF
Price / SF$240.13
Days on Market97
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Property Features for 2323 115th Ave
General Information
Standard status
Active
Size
17,669 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$60,932
Building Details
Building Size
17,669 SF
Year Built
2015
Listing Agency:
CBRE - Fort Collins
Listed By:
Julius Tabert · License #FA40037286
(970) 372-3852
Source:
Elliman
Added: Jul 11
Changed: Oct 13
Last Checked: Oct 15 at 1:36AM
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 CBRE - Fort Collins
Investment Insights
Based on property information with market context.
Built in 2015, this 17,699-square-foot industrial facility features a combination of concrete masonry walls with a pre-engineered metal building on a load-bearing spread footing foundation system. The building is divided into two main components: a structural steel frame warehouse and a masonry research laboratory.
Located within High Point Business Park in west Greeley, the property is situated at the southeast corner of U.S. Highway 34 and State Highway 257. The public remarks describe the area as a mixed-use industrial development with high traffic visibility and high profile neighbors. The listing also notes no Metro District Taxes, and provides bike and walk scores of 18 (Somewhat Bikeable) and 0 (Car-Dependent), respectively.
Located within High Point Business Park in west Greeley, the property is situated at the southeast corner of U.S. Highway 34 and State Highway 257. The public remarks describe the area as a mixed-use industrial development with high traffic visibility and high profile neighbors. The listing also notes no Metro District Taxes, and provides bike and walk scores of 18 (Somewhat Bikeable) and 0 (Car-Dependent), respectively.
Key Highlights
- 2015‑built 17,699 SF industrial facility in Highpoint Business Park (west Greeley, CO)
- Construction features concrete masonry walls with a pre‑engineered metal building on a load‑bearing spread footing foundation system
- Building includes two main components: a structural steel frame warehouse and a masonry research laboratory
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,429
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,948,580
$3.9M
Cap Rate 7%
$2,820,414
$2.8M
Cap Rate 9%
$2,193,656
$2.2M
Market Conditions
NOI Build-Up for 17,699 SF
Gross rent
$252.7K $14.28/SF
− Vacancy
−$20.5K −$1.16/SF
EGI
$232.3K $13.12/SF
− OpEx
−$34.8K −$1.97/SF
NOI
$197.4K $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 Rate 5%
$3,948,580
Cap Rate 7%
$2,820,414
Cap Rate 9%
$2,193,656
Alternative Uses
Best Use
Warehouse
$2.82M
$2.47M – $3.29M
NOI $197,429 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$3.23M
$2.82M – $3.76M
NOI $225,795 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80634, CO
65,980
Population
25,802
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
90%
High-School Grad
38.3 sq mi
ZIP Area
1,723
Density / Sq Mi
$83,255
Median Household Income
$46,808
Median Earnings
$1,567
Median Rent
$405,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - 2015-built industrial facility combines a steel-frame warehouse with a masonry research laboratory component.
Where is this warehouse located?
The property is located at 2323 115th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 2015‑built 17,699 SF industrial facility in Highpoint Business Park (west Greeley, CO); Construction features concrete masonry walls with a pre‑engineered metal building on a load‑bearing spread footing foundation system; Building includes two main components: a structural steel frame warehouse and a masonry research laboratory
