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Four-Unit Office Building
For Sale
$1,100,000

3109 35th Ave H, Greeley, CO 80634

Flexible office ownership structure with four condominium units and a potential leaseback arrangement.

Property Size6,253 SF
Price / SF$175.92
Days on Market69

Property Features for 3109 35th Ave H

General Information

Standard status Active
Size 6,253 SF

Additional Details

Office Units 4

Building Details

Year Built 1996
Tenancy Single
Owner Occupied Yes
Listing Agency: Cushman & Wakefield
Listed By: Jared Goodman · License #40017764
Source: Thestrohmangroup
Added: Jul 30 Changed: Oct 2 Last Checked: Oct 5 at 9:07PM

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 Cushman & Wakefield

Investment Insights

Based on property information with market context.

This office building contains four condominium units within a 6,253-square-foot property constructed in 1996. The configuration supports several ownership or occupancy approaches, including retaining the full building or using the individual units separately.

The current owner-occupier may lease the property back for up to five years with the existing business, or convey the building vacant. The property is located at 3109 35th Ave H in Greeley, Colorado, providing a defined office asset with flexibility between owner occupancy and multi-tenant use.

Key Highlights

  • Four condominium office units within one building
  • 6,253‑square‑foot office property
  • Constructed in 1996

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$79,773
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,595,460 $1.6M
Cap Rate 7%
$1,139,614 $1.1M
Cap Rate 9%
$886,367 $886.4K
Market Conditions
NOI Build-Up for 6,253 SF
Gross rent
$112.6K $18.00/SF
− Vacancy
−$6.2K −$0.99/SF
EGI
$106.4K $17.01/SF
− OpEx
−$26.6K −$4.25/SF
NOI
$79.8K $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 Rate 5%
$1,595,460
Cap Rate 7%
$1,139,614
Cap Rate 9%
$886,367

Alternative Uses

Best Use
Office B
$1.14M
$997.2K – $1.33M (±1% cap)
NOI $79,773 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Rick L Sponaugle ... Accounting Firm RCC Medical Supply Medical Supply Store Everside Health, Greeley ... Medical Clinic Michelle Rensel Physician

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

372
Businesses Nearby

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Flexible office ownership structure with four condominium units and a potential leaseback arrangement.
Where is this office building located?
The property is located at 3109 35th Ave H Greeley, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four condominium office units within one building; 6,253‑square‑foot office property; Constructed in 1996
More about this property
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