Former Auto Restoration
For Sale
Contact for pricing
2733 8th Ave, Greeley, CO
Corner location suitable for retail, service, automotive, office.
Property Size12,970 SF
Lot Size0.67 Acres
Price / SF$110
Days on Market259
Property Features for 2733 8th Ave
General Information
Standard status
Active
Size
12,970 SF
Lot size
0.67 Acres
Property subtype
RETAIL
Listing Agency:
Impact Commercial Real Estate
(720) 217-1315
Listed By:
Heather Taylor · License #100027610
(720) 217-1315
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: May 20 at 8:31PM
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 Impact Commercial Real Estate
Investment Insights
Based on property information with market context.
This 12,970 square foot property, formerly used as an auto restoration facility, includes car lifts and a paint booth in the sale price. The property is located on a corner, providing exposure to 8th Avenue and Highway 34 traffic. A minor remodel was completed in 2022. There is a small fenced storage area in the back. The property is suitable for retail sales, service shops, automotive sales and repair, printing, office use, and more. The seller is motivated and seeking a quick closing; the property is to be sold in "as-is, where-is" condition.
Key Highlights
- Former auto restoration facility with car lifts and paint booth included.
- Good corner location with high traffic exposure on 8th Avenue and Hwy 34.
- Versatile property ideal for retail, service shops, automotive, printing, office, and more.
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
$115,643
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%
$2,312,860
$2.3M
Cap Rate 7%
$1,652,043
$1.7M
Cap Rate 9%
$1,284,922
$1.3M
Market Conditions
NOI Build-Up for 12,970 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
$179.0K $13.80/SF
− Vacancy
−$13.8K −$1.06/SF
EGI
$165.2K $12.74/SF
− OpEx
−$49.6K −$3.82/SF
NOI
$115.6K $8.92/SF
Area
Greeley, CO
Vacancy
7.70%
Lease Rate
$13.80 /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%
$2,312,860
Cap Rate 7%
$1,652,043
Cap Rate 9%
$1,284,922
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,590 @ 7.0% cap · market cap 10.27%
Second Best
Industrial
$1.65M
$1.45M – $1.93M
NOI $115,643 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office B
$2.36M
$2.07M – $2.76M
NOI $165,465 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
629
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
0.3 miles
McDonald's
Dining
30,223 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
21,837 visits/mo
0.2 miles
Wendy's
Dining
17,143 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,591 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Reynolds Roadside & Tow CO — 602 31st st, evans, co 80620
- W S Repair — 3311 State St, Evans, CO 80620
- Rodriguez Meckanix — 3114 State St, Evans, CO 80620
- Zachs mobile mechanic — 503 Monico Gardens Dr, Evans, CO 80620
- Luceros Window Tinting LLC — mobile window tint, greeley, co 80631
Frequently Asked Questions
What type of property is this?
Auto shop - Corner location suitable for retail, service, automotive, office.
Where is this auto shop located?
The property is located at 2733 8th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $1,426,700.
What are key features of this property?
This property features: Former auto restoration facility with car lifts and paint booth included.; Good corner location with high traffic exposure on 8th Avenue and Hwy 34.; Versatile property ideal for retail, service shops, automotive, printing, office, and more.
