Office/Flex Building with Highway
For Sale
Contact for pricing
3050 67th Ave, Greeley, CO 80634
Versatile office/flex building offering flexible space and direct access to Highway 34, with ample parking.
Property Size20,486 SF
Lot Size0.35 Acres
Price / SF$285.07
Days on Market479
Property Features for 3050 67th Ave
General Information
Standard status
Active
Size
20,486 SF
Lot size
0.35 Acres
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
No
Listing Agency:
WayPoint Real Estate
(970) 632-5050
Listed By:
Brian Smerud · License #FA100042149
(970) 415-0538
Source:
Moodyscre
Added: May 22, 2025
Changed: Sep 9
Last Checked: Sep 12 at 5:18AM
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.
Waypoint Real Estate presents the opportunity to purchase or lease 3050 67th Ave, a versatile office/flex property built for flexible layouts and adaptable use. The building totals 20,486+ SF and is situated on a 0.35-acre lot, with efficient floor plans and modern finishes intended to support professional office, medical, or light industrial uses.
The property offers direct access to Highway 34 and is close to UC Health Greeley Hospital, along with major retail centers, restaurants, and new residential developments in the west Greeley corridor. Ample parking supports day-to-day operations, and the site’s visibility and accessibility make it well-suited for owner-users or investors seeking a positioned asset in Northern Colorado.
The property offers direct access to Highway 34 and is close to UC Health Greeley Hospital, along with major retail centers, restaurants, and new residential developments in the west Greeley corridor. Ample parking supports day-to-day operations, and the site’s visibility and accessibility make it well-suited for owner-users or investors seeking a positioned asset in Northern Colorado.
Key Highlights
- Versatile 20,486+ SF office/flex building on a 0.35‑acre lot
- Flexible layout suited for professional office, medical, or light industrial use
- Direct access to Highway 34
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
4.48%
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 4.48%
Second Best
Industrial
$2.61M
$2.28M – $3.04M
NOI $182,657 @ 7.0% cap · market cap 3.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile office/flex building offering flexible space and direct access to Highway 34, with ample parking.
Where is this flex space located?
The property is located at 3050 67th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $5,840,000.
What are key features of this property?
This property features: Versatile 20,486+ SF office/flex building on a 0.35‑acre lot; Flexible layout suited for professional office, medical, or light industrial use; Direct access to Highway 34
