Drive-Through Convenience
For Sale
Contact for pricing
2716-2728 11th Ave, Greeley, CO 80631
Convenience retail property with extensive cooler capacity and signage serving highway-oriented traffic.
Property Size2,680 SF
Price / SF$149.25
Days on Market514
Property Features for 2716-2728 11th Ave
General Information
Standard status
Active
Size
2,680 SF
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Amenities
Cooler Space
Listing Agency:
Pinnacle Real Estate Advisors
(303) 226-4235
Listed By:
Levi Saxen · License #FA100098266
Source:
Moodyscre
Added: Apr 4, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:00PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This convenience store property contains 2,680 square feet and includes an on-site drive-through. Cooler space extends across three of the building’s four interior walls, providing substantial dedicated refrigeration capacity for store operations.
The property is positioned off Highway 34 and 11th Ave in Greeley, with highway and anchored signage in place. Its configuration combines convenience retail space, drive-through functionality, and prominent signage features.
The property is positioned off Highway 34 and 11th Ave in Greeley, with highway and anchored signage in place. Its configuration combines convenience retail space, drive-through functionality, and prominent signage features.
Key Highlights
- 2,680‑square‑foot convenience store property
- On‑site drive‑through
- Cooler space spans 3 of the 4 interior walls
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
$32,453
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
8.11%
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%
$649,060
$649.1K
Cap Rate 7%
$463,614
$463.6K
Cap Rate 9%
$360,589
$360.6K
Market Conditions
NOI Build-Up for 2,680 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
$48.2K $18.00/SF
− Vacancy
−$5.0K −$1.85/SF
EGI
$43.3K $16.15/SF
− OpEx
−$10.8K −$4.04/SF
NOI
$32.5K $12.11/SF
Area
Greeley, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$649,060
Cap Rate 7%
$463,614
Cap Rate 9%
$360,589
Alternative Uses
Best Use
Specialty Retail
$463.6K
$405.7K – $540.9K
NOI $32,453 @ 7.0% cap · market cap 8.11%
Second Best
Retail
$432.7K
$378.6K – $504.8K
NOI $30,290 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office B
$488.4K
$427.4K – $569.8K
NOI $34,190 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
232k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Groceries 29%
Dining 28%
Home Improvements & Furnishings 3%
King Soopers
Groceries
51,454 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
21,837 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,591 visits/mo
0.1 miles
Burger King
Dining
15,347 visits/mo
0.1 miles
Save-A-Lot
Groceries
15,030 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
- Leevers Supermarkets Inc — 816 25th St, Greeley, CO 80631
- Sinton Dairy — 624 26th st, greeley, co 80631
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience retail property with extensive cooler capacity and signage serving highway-oriented traffic.
Where is this grocery and convenience store located?
The property is located at 2716-2728 11th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 2,680‑square‑foot convenience store property; On‑site drive‑through; Cooler space spans 3 of the 4 interior walls
