Greeley Industrial Property For
For Sale
$600,000
2427 4th Avenue, Greeley, CO 80631
1,573 SF industrial property in Greeley, Colorado, updated in 2024.
Property Size1,573 SF
Price / SF$381.44
Days on Market330
Property Features for 2427 4th Avenue
General Information
Standard status
Active
Size
1,573 SF
Property subtype
Industrial
Zoning
Industrial Medium Intensity
Building Details
Building Size
1,573 SF
Year Built
1964
Listing Agency:
RE/MAX
(787) 420-6303
Listed By:
Brice Burkhardt · License #10507
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 19
Last Checked: Aug 20 at 4:02AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This 1,573 SF industrial property, located in Greeley, Colorado, presents an investment or owner/user opportunity. Originally constructed in 1964, the property was recently upgraded in 2024. It is zoned for Industrial Medium Intensity use, making it suitable for warehouse, distribution, and contractor operations. The property offers possibilities for various business uses within a thriving industrial hub.
Key Highlights
- Prime investment/owner‑user opportunity in Greeley, CO.
- Recently upgraded in 2024.
- Versatile 1,573 SF industrial space suitable for warehouse, distribution, and contractor operations.
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
$17,547
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
2.92%
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%
$350,940
$350.9K
Cap Rate 7%
$250,671
$250.7K
Cap Rate 9%
$194,967
$195.0K
Market Conditions
NOI Build-Up for 1,573 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
$22.5K $14.28/SF
− Vacancy
−$1.8K −$1.16/SF
EGI
$20.6K $13.12/SF
− OpEx
−$3.1K −$1.97/SF
NOI
$17.5K $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%
$350,940
Cap Rate 7%
$250,671
Cap Rate 9%
$194,967
Alternative Uses
Best Use
Warehouse
$250.7K
$219.3K – $292.5K
NOI $17,547 @ 7.0% cap · market cap 2.92%
Second Best
Industrial
$200.4K
$175.3K – $233.8K
NOI $14,025 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office B
$286.7K
$250.9K – $334.5K
NOI $20,068 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
596
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 - 1,573 SF industrial property in Greeley, Colorado, updated in 2024.
Where is this warehouse located?
The property is located at 2427 4th Avenue Greeley, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime investment/owner‑user opportunity in Greeley, CO.; Recently upgraded in 2024.; Versatile 1,573 SF industrial space suitable for warehouse, distribution, and contractor operations.
