Industrial Truck Repair
For Sale
$650,000
Pending
509 N 9th Ave, Greeley, CO 80631
Industrial shop includes multiple overhead doors, 3-phase power, and fenced, gated yard on 1.3 acres.
Property Size2,050 SF
Lot Size1.30 Acres
Days on Market48
Property Features for 509 N 9th Ave
General Information
Standard status
Pending
Size
2,050 SF
Lot size
1.30 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
3
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$8,589
Building Details
Building Size
2,050 SF
Year Built
1964
Listing Agency:
RE/MAX
Listed By:
Mary Jo Brockshus · License #FA1000014385
(970) 590-0955
Source:
Elliman
Added: Jul 19
Changed: Aug 26
Last Checked: Aug 14 at 7:11AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This commercial trucking repair and maintenance property features a 2,050 SF industrial shop with two 12' overhead doors and one 10' overhead door with 3-phase power. The fenced and gated site provides secured outdoor space for operations. An attached 672 SF modular office adds dedicated work space for the business.
The property is located one block off Hwy 85 in Greeley, CO, offering convenient access to the surrounding area.
The configuration supports repair and maintenance use with both overhead-door access and a built-in office component.
The property is located one block off Hwy 85 in Greeley, CO, offering convenient access to the surrounding area.
The configuration supports repair and maintenance use with both overhead-door access and a built-in office component.
Key Highlights
- Commercial trucking property on 1.3 acres featuring a 2,050 SF industrial shop for repair and maintenance
- Industrial shop has 2 (12') overhead doors plus 1 (10') overhead door with 3‑phase power
- Fenced and gated property with a yard suited for trucking operations
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
$30,708
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
4.72%
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%
$614,160
$614.2K
Cap Rate 7%
$438,686
$438.7K
Cap Rate 9%
$341,200
$341.2K
Market Conditions
NOI Build-Up for 2,717 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
$48.9K $18.00/SF
− Vacancy
−$5.0K −$1.85/SF
EGI
$43.9K $16.15/SF
− OpEx
−$13.2K −$4.84/SF
NOI
$30.7K $11.30/SF
Area
Greeley, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$614,160
Cap Rate 7%
$438,686
Cap Rate 9%
$341,200
Alternative Uses
Best Use
Retail
$438.7K
$383.9K – $511.8K
NOI $30,708 @ 7.0% cap · market cap 4.72%
Second Best
Industrial
$346.1K
$302.8K – $403.8K
NOI $24,225 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office B
$495.2K
$433.3K – $577.7K
NOI $34,662 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Balanced
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
- Peak Kitchen — 614 8th Ave, Greeley, CO 80631
Frequently Asked Questions
What type of property is this?
Flex space - Industrial shop includes multiple overhead doors, 3-phase power, and fenced, gated yard on 1.3 acres.
Where is this flex space located?
The property is located at 509 N 9th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Commercial trucking property on 1.3 acres featuring a 2,050 SF industrial shop for repair and maintenance; Industrial shop has 2 (12') overhead doors plus 1 (10') overhead door with 3‑phase power; Fenced and gated property with a yard suited for trucking operations
