Trucking Repair Shop with
For Sale
$650,000
509 N 9th, Greeley, CO 80631
Fenced and gated trucking property with a 2,050 SF industrial shop, multiple overhead doors, and a 672 SF modular office.
Property Size2,722 SF
Lot Size1.30 Acres
Price / SF$238.80
Days on Market50
Property Features for 509 N 9th
General Information
Standard status
Active
Size
2,722 SF
Lot size
1.30 Acres
Property subtype
Commercial
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
Amenities
Metal Roof
Loading: Drive-in overhead doors
Oil Heating
Paved
Storage on Site
Suspended Heating
Building Details
Year Built
1964
Listing Agency:
Coldwell Banker Realty- Fort Collins
(970) 223-6500
Listed By:
KEVIN WEIMER
(970) 481-3823
Source:
Corcoran
Added: Jul 18
Changed: Sep 4
Last Checked: Sep 4 at 7:01AM
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 Coldwell Banker Realty- Fort Collins
Investment Insights
Based on property information with market context.
Commercial trucking property offering an industrial shop configured for repair and maintenance, with a total of 2,050 SF. The shop features two 12' overhead doors plus one 10' overhead door. Power includes a 3-phase connection at the 10' door.
The property is fenced and gated and sits on approximately 1.3 acres. It is located just one block off Hwy 85, providing convenient access for fleet and service operations. A 672 SF modular office is included on site.
The overall setup supports on-site work with dedicated loading/door access for service vehicles and modular space for office needs.
The property is fenced and gated and sits on approximately 1.3 acres. It is located just one block off Hwy 85, providing convenient access for fleet and service operations. A 672 SF modular office is included on site.
The overall setup supports on-site work with dedicated loading/door access for service vehicles and modular space for office needs.
Key Highlights
- Commercial trucking property on 1.3 acres with a 2,050 SF industrial shop for repair and maintenance
- Shop features 2- 12' overhead doors plus 1 10' overhead door
- 10' overhead door has 3‑phase power
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
$30,363
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
4.67%
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%
$607,260
$607.3K
Cap Rate 7%
$433,757
$433.8K
Cap Rate 9%
$337,367
$337.4K
Market Conditions
NOI Build-Up for 2,722 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
$38.9K $14.28/SF
− Vacancy
−$3.1K −$1.16/SF
EGI
$35.7K $13.12/SF
− OpEx
−$5.4K −$1.97/SF
NOI
$30.4K $11.15/SF
Area
Greeley, CO
Vacancy
8.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
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%
$607,260
Cap Rate 7%
$433,757
Cap Rate 9%
$337,367
Alternative Uses
Best Use
Warehouse
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$496.1K
$434.1K – $578.8K
NOI $34,726 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
Well-served
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
- Affordable Storage 606 — 606 12th St, Greeley, CO 80631
- 10th Street Storage — 1010 10th Ave, Greeley, CO 80631
- Willie's Grain Inc — 816 8th St, Greeley, CO 80631, United States
- Self Storage — 825 9th St, Greeley, CO 80631
- Stuff-it Storage — 620 4th Ave, Greeley, CO 80631
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced and gated trucking property with a 2,050 SF industrial shop, multiple overhead doors, and a 672 SF modular office.
Where is this warehouse located?
The property is located at 509 N 9th 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 with a 2,050 SF industrial shop for repair and maintenance; Shop features 2- 12' overhead doors plus 1 10' overhead door; 10' overhead door has 3‑phase power
