Greeley Industrial/Flex Space For
For Sale
$465,000
2881 31st Avenue B-14, Greeley, CO 80631
2,401 SF industrial/flex space in Greeley, built in 2001.
Property Size2,401 SF
Price / SF$193.67
Days on Market322
Property Features for 2881 31st Avenue B-14
General Information
Standard status
Active
Size
2,401 SF
Property subtype
Industrial
Building Details
Building Size
2,401 SF
Year Built
2001
Listing Agency:
RE/MAX
(970) 590-0955
Listed By:
Mary Jo Brockshus · License #FA1000014385
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: May 9 at 2:40AM
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 2,401 SF industrial/flex space, constructed in 2001, is located in Greeley. The building features a versatile layout suitable for a range of industrial and flex space uses. The property is zoned CH, offering flexibility for various business operations. It includes an additional 966 SF on the structural mezzanine. The property has two overhead doors, one measuring 10' and the other 12'. The shop area is equipped with radiant heat. Its location provides convenient access to key transportation routes, facilitating logistics and distribution. Oakridge Association dues are $1,461 quarterly.
Key Highlights
- Prime industrial/flex space in the thriving Greeley area.
- Versatile layout suitable for a range of industrial and flex space uses.
- Strategic location ensures convenient access to key transportation routes.
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
$21,408
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
4.60%
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%
$428,160
$428.2K
Cap Rate 7%
$305,829
$305.8K
Cap Rate 9%
$237,867
$237.9K
Market Conditions
NOI Build-Up for 2,401 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
$33.1K $13.80/SF
− Vacancy
−$2.6K −$1.06/SF
EGI
$30.6K $12.74/SF
− OpEx
−$9.2K −$3.82/SF
NOI
$21.4K $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%
$428,160
Cap Rate 7%
$305,829
Cap Rate 9%
$237,867
Alternative Uses
Best Use
Industrial
$305.8K
$267.6K – $356.8K
NOI $21,408 @ 7.0% cap · market cap 4.60%
Second Best
Flex RnD
$284.0K
$248.5K – $331.3K
NOI $19,879 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office B
$437.6K
$382.9K – $510.5K
NOI $30,631 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Industrial property - 2,401 SF industrial/flex space in Greeley, built in 2001.
Where is this industrial property located?
The property is located at 2881 31st Avenue B-14 Greeley, CO.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime industrial/flex space in the thriving Greeley area.; Versatile layout suitable for a range of industrial and flex space uses.; Strategic location ensures convenient access to key transportation routes.
