Office Building with Government
For Sale
Contact for pricing
3257 W 20th St, Greeley, CO 80634
Office asset with an existing public-sector tenant and additional space available for occupancy or future expansion.
Property Size11,009 SF
Price / SF$163.50
Days on Market50
Property Features for 3257 W 20th St
General Information
Standard status
Active
Size
11,009 SF
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Fort Collins
(970) 776-3900
Listed By:
Jared Goodman · License #40017764
(970) 267-7723
Source:
Moodyscre
Added: Aug 18
Changed: Sep 11
Last Checked: Oct 5 at 8:54PM
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 | Fort Collins
Investment Insights
Based on property information with market context.
This office property contains 11,009 square feet and includes 6,684 square feet leased to the State of Colorado Division of Adult Parole under a new 10-year lease. The building also offers additional space that can support lease-up or accommodate an owner-user requirement.
Located at 3257 W 20th St in Greeley, the property fronts the W 20th Street corridor and is near established retail amenities. Its existing government tenancy, combined with available occupancy flexibility, provides multiple ways to use the building while retaining the current lease arrangement.
Located at 3257 W 20th St in Greeley, the property fronts the W 20th Street corridor and is near established retail amenities. Its existing government tenancy, combined with available occupancy flexibility, provides multiple ways to use the building while retaining the current lease arrangement.
Key Highlights
- 11,009‑square‑foot office property
- 6,684 square feet occupied by the State of Colorado Division of Adult Parole
- New 10‑year lease with a government tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,447
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,940
$2.8M
Cap Rate 7%
$2,006,386
$2.0M
Cap Rate 9%
$1,560,522
$1.6M
Market Conditions
NOI Build-Up for 11,009 SF
Gross rent
$198.2K $18.00/SF
− Vacancy
−$10.9K −$0.99/SF
EGI
$187.3K $17.01/SF
− OpEx
−$46.8K −$4.25/SF
NOI
$140.4K $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 Rate 5%
$2,808,940
Cap Rate 7%
$2,006,386
Cap Rate 9%
$1,560,522
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.34M
NOI $140,447 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
476
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
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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?
Office building - Office asset with an existing public-sector tenant and additional space available for occupancy or future expansion.
Where is this office building located?
The property is located at 3257 W 20th St Greeley, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 11,009‑square‑foot office property; 6,684 square feet occupied by the State of Colorado Division of Adult Parole; New 10‑year lease with a government tenant
