Greeley Office/Flex Property For
For Sale
$6,000,000
3050 67th, Greeley, CO 80634
Versatile 20,486+ SF office/flex property in growing west Greeley corridor.
Property Size20,267 SF
Lot Size0.32 Acres
Price / SF$292.88
Days on Market153
Property Features for 3050 67th
General Information
Standard status
Active
Size
20,267 SF
Lot size
0.32 Acres
Property subtype
Commercial
Building Details
Building Size
20,267 SF
Year Built
2005
Listing Agency:
WayPoint Real Estate
(970) 415-0538
Listed By:
Brian Smerud · License #FA100046816
(970) 415-0538
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:42AM
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 versatile office/flex property is located in the rapidly growing west Greeley corridor. The building offers 20,486+ square feet of space on a 0.35-acre lot, featuring a flexible layout suitable for professional office, medical, or light industrial use. The property provides direct access to Highway 34 and is in close proximity to UCHealth Greeley Hospital, major retail centers, restaurants, and new residential developments. It is positioned as ideal for owner-users or investors seeking a well-positioned asset in an emerging Northern Colorado market.
Key Highlights
- Prime location in rapidly growing west Greeley corridor with direct access to Hwy 34.
- Flexible 20,486+ SF building suitable for office, medical, or light industrial use.
- Close proximity to UCHealth Greeley Hospital, major retail centers, restaurants, and new residential developments.
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
$261,350
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
4.36%
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%
$5,227,000
$5.2M
Cap Rate 7%
$3,733,571
$3.7M
Cap Rate 9%
$2,903,889
$2.9M
Market Conditions
NOI Build-Up for 20,486 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
$368.7K $18.00/SF
− Vacancy
−$20.3K −$0.99/SF
EGI
$348.5K $17.01/SF
− OpEx
−$87.1K −$4.25/SF
NOI
$261.4K $12.76/SF
Area
Greeley, CO
Vacancy
5.50%
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%
$5,227,000
Cap Rate 7%
$3,733,571
Cap Rate 9%
$2,903,889
Alternative Uses
Best Use
Office B
$3.73M
$3.27M – $4.36M
NOI $261,350 @ 7.0% cap · market cap 4.36%
Second Best
Industrial
$2.61M
$2.28M – $3.04M
NOI $182,657 @ 7.0% cap · market cap 3.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 80634, CO
65,980
Population
25,802
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
90%
High-School Grad
38.3 sq mi
ZIP Area
1,723
Density / Sq Mi
$83,255
Median Household Income
$46,808
Median Earnings
$1,567
Median Rent
$405,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Versatile 20,486+ SF office/flex property in growing west Greeley corridor.
Where is this office building located?
The property is located at 3050 67th Greeley, CO.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Prime location in rapidly growing west Greeley corridor with direct access to Hwy 34.; Flexible 20,486+ SF building suitable for office, medical, or light industrial use.; Close proximity to UCHealth Greeley Hospital, major retail centers, restaurants, and new residential developments.
