Flex Space with Three-Phase
New
For Sale
$1,400,000
2438 6th Ave, Greeley, CO 80631
Shop and office areas bring production space and administrative support together in one building.
Property Size6,700 SF
Lot Size0.23 Acres
Days on Market1
Property Features for 2438 6th Ave
General Information
Standard status
Active
Size
6,700 SF
Lot size
0.23 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
885 SF
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Outdoor Storage
Yes
Amenities
security system
restroom with shower
Building Details
Building Size
6,700 SF
Year Built
1974
Year Renovated
1996
Construction
steel-and-masonry
Listing Agency:
Wonderwall Realty
Listed By:
Seth Bunting · License #100030198
(970) 518-6197
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 2:42PM
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 Wonderwall Realty
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Investment Insights
Based on property information with market context.
This flex property is currently used for cabinet manufacturing, with north and south shop areas, two overhead doors, and reported sidewall heights of approximately 12 to 22 feet. Two separately metered 200-amp, three-phase electrical services serve the respective shop sections. The building also has a ventilation system and seller-reported radiant heat in the shop. Steel-and-masonry construction includes a major addition and update completed in 1996; the original building dates to 1974.
Approximately 885 square feet of office area includes reception space, private offices, built-in desks, and a restroom with a shower. Seller-reported forced-air heating and air conditioning serve the offices, and a security system is installed. The 0.23-acre site has parking mainly in front of the building and limited outdoor storage. The shop sections have a reported fire-rated separation. Any separate occupancy or leasing arrangement requires verification of zoning, parking, building-code requirements, and applicable approvals.
Approximately 885 square feet of office area includes reception space, private offices, built-in desks, and a restroom with a shower. Seller-reported forced-air heating and air conditioning serve the offices, and a security system is installed. The 0.23-acre site has parking mainly in front of the building and limited outdoor storage. The shop sections have a reported fire-rated separation. Any separate occupancy or leasing arrangement requires verification of zoning, parking, building-code requirements, and applicable approvals.
Key Highlights
- Two separately metered 200‑amp, three‑phase electrical services
- Two overhead doors; reported shop sidewall heights range from approximately 12 to 22 feet
- Approximately 885 square feet of office space with reception, private offices, built‑in desks, and a shower restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,737
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,494,740
$1.5M
Cap Rate 7%
$1,067,671
$1.1M
Cap Rate 9%
$830,411
$830.4K
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$95.7K $14.28/SF
− Vacancy
−$7.7K −$1.16/SF
EGI
$87.9K $13.12/SF
− OpEx
−$13.2K −$1.97/SF
NOI
$74.7K $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%
$1,494,740
Cap Rate 7%
$1,067,671
Cap Rate 9%
$830,411
Alternative Uses
Best Use
Warehouse
$1.07M
$934.2K – $1.25M
NOI $74,737 @ 7.0% cap · market cap 5.34%
Second Best
Industrial
$853.4K
$746.7K – $995.6K
NOI $59,738 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office B
$1.22M
$1.07M – $1.42M
NOI $85,475 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- University of Northern Colorado Catering — 2045 10th Ave, Greeley, CO 80639
Frequently Asked Questions
What type of property is this?
Flex space - Shop and office areas bring production space and administrative support together in one building.
Where is this flex space located?
The property is located at 2438 6th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two separately metered 200‑amp, three‑phase electrical services; Two overhead doors; reported shop sidewall heights range from approximately 12 to 22 feet; Approximately 885 square feet of office space with reception, private offices, built‑in desks, and a shower restroom
