Freestanding Auto
For Sale
Contact for pricing
2329 8th Ave, Greeley, CO 80631
Single-story automotive property with CH zoning along an established commercial corridor.
Property Size2,048 SF
Lot Size0.66 Acres
Price / SF$366.21
Days on Market154
Property Features for 2329 8th Ave
General Information
Standard status
Active
Size
2,048 SF
Class
C
Total Parking Spaces
55
Lot size
0.66 Acres
Property subtype
Retail
Zoning
CH (Commercial High Intensity)
Investment Type
Owner/User
Site & Location
Traffic Count
10,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1996
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Step Commercial Real Estate
Listed By:
Manuel Martin · License #FA100100336
Source:
Crexi
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 9:47AM
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 Step Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding, single-story automotive property was built in 1996 and occupies a 0.66-acre parcel. Its configuration supports automotive, retail, and service-oriented operations, with CH (Commercial High Intensity) zoning providing the stated commercial designation.
The property fronts 8th Avenue in Greeley, a north-south arterial carrying more than 10,000 vehicles per day. It is also near the US Highway 85 Business Loop, within a suburban commercial setting surrounded by retail, automotive, and service businesses. The site is approximately one mile from a population base of over 24,000 and nearly 100,000 people within a three-mile radius.
The property fronts 8th Avenue in Greeley, a north-south arterial carrying more than 10,000 vehicles per day. It is also near the US Highway 85 Business Loop, within a suburban commercial setting surrounded by retail, automotive, and service businesses. The site is approximately one mile from a population base of over 24,000 and nearly 100,000 people within a three-mile radius.
Key Highlights
- 0.66‑acre parcel with a freestanding single‑story automotive building
- Built in 1996
- CH (Commercial High Intensity) zoning
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
$23,147
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
3.09%
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%
$462,940
$462.9K
Cap Rate 7%
$330,671
$330.7K
Cap Rate 9%
$257,189
$257.2K
Market Conditions
NOI Build-Up for 2,048 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
$36.9K $18.00/SF
− Vacancy
−$3.8K −$1.85/SF
EGI
$33.1K $16.15/SF
− OpEx
−$9.9K −$4.84/SF
NOI
$23.1K $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%
$462,940
Cap Rate 7%
$330,671
Cap Rate 9%
$257,189
Alternative Uses
Best Use
Retail
$330.7K
$289.3K – $385.8K
NOI $23,147 @ 7.0% cap · market cap 3.09%
Second Best
Industrial
$260.9K
$228.3K – $304.3K
NOI $18,260 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office B
$373.2K
$326.6K – $435.5K
NOI $26,127 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
289k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 26%
Groceries 23%
Home Improvements & Furnishings 2%
King Soopers
Groceries
51,454 visits/mo
0.5 miles
McDonald's
Dining
30,223 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
21,837 visits/mo
0.4 miles
Wendy's
Dining
17,143 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,591 visits/mo
0.4 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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Similar Off Market Nearby
- Phoenix Automotive mobile mechanics — 2863 16th Ave, Greeley, CO 80631
- P&L Repair — 2820 17th Ave #208, Greeley, CO 80631
- HAILUSA — 2800 s, 11th ave, evans, co 80620
- American Steel — 2733 8th Ave, Garden City, CO 80631
- Scott's Greeley Auto Repair — 2735 9th Ave, Greeley, CO 80631
Frequently Asked Questions
What type of property is this?
Auto shop - Single-story automotive property with CH zoning along an established commercial corridor.
Where is this auto shop located?
The property is located at 2329 8th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.66‑acre parcel with a freestanding single‑story automotive building; Built in 1996; CH (Commercial High Intensity) zoning
