Warehouse with Interstate
For Sale
Contact for pricing
3026 1st Ave, Greeley, CO 80631
Warehouse property with direct access to US-85 and the US-34/US-85 interchange.
Property Size6,000 SF
Price / SF$207.14
Days on Market116
Property Features for 3026 1st Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
WayPoint Real Estate
(970) 415-0538
Listed By:
Brian Smerud · License #FA100042149
(970) 415-0538
Source:
Moodyscre
Added: Apr 17
Changed: Aug 8
Last Checked: Aug 8 at 10:30AM
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 WayPoint Real Estate
Investment Insights
Based on property information with market context.
This warehouse property is positioned for convenient logistics with direct access to US-85 and the US-34/US-85 interchange. The offering is listed for sale.
Located at 1st Avenue and 31st Street in Greeley, CO, the site provides straightforward connectivity to major roadway access points via the nearby interchange.
The property includes approximately 6,000 square feet of warehouse space and is suited for tenants or owners seeking a straightforward industrial configuration with practical highway access.
Located at 1st Avenue and 31st Street in Greeley, CO, the site provides straightforward connectivity to major roadway access points via the nearby interchange.
The property includes approximately 6,000 square feet of warehouse space and is suited for tenants or owners seeking a straightforward industrial configuration with practical highway access.
Key Highlights
- Warehouse property with direct access to US‑85
- Direct access to the US‑34/US‑85 interchange
- Located at the corner of 1st Avenue and 31st Street
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
$66,929
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
5.39%
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%
$1,338,580
$1.3M
Cap Rate 7%
$956,129
$956.1K
Cap Rate 9%
$743,656
$743.7K
Market Conditions
NOI Build-Up for 6,000 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
$85.7K $14.28/SF
− Vacancy
−$6.9K −$1.16/SF
EGI
$78.7K $13.12/SF
− OpEx
−$11.8K −$1.97/SF
NOI
$66.9K $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%
$1,338,580
Cap Rate 7%
$956,129
Cap Rate 9%
$743,656
Alternative Uses
Best Use
Warehouse
$956.1K
$836.6K – $1.12M
NOI $66,929 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.09M
$956.8K – $1.28M
NOI $76,545 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
229
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.
Similar Off Market Nearby
- All American Cold Storage — 259 30th St, Greeley, CO 80631
- Greeley Self Storage — 505 31st St, Greeley, CO 80631
- Security Archives — 600 31st st, evans, co 80620
- Lineage — 2901 1st Ave, Greeley, CO 80631
- American RV Storage — 625 31st St, Evans, CO 80620
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with direct access to US-85 and the US-34/US-85 interchange.
Where is this warehouse located?
The property is located at 3026 1st Ave Greeley, CO.
What is the asking price?
The asking price for this property is $1,242,857.
What are key features of this property?
This property features: Warehouse property with direct access to US‑85; Direct access to the US‑34/US‑85 interchange; Located at the corner of 1st Avenue and 31st Street
