Truck Terminal with Repair
For Sale
$900,000
523 N 9th Ave, Greeley, CO 80631
Fenced and gated truck terminal includes an 7,680 SF repair and maintenance shop with multiple 14' overhead doors.
Property Size7,680 SF
Lot Size1.50 Acres
Price / SF$117.19
Days on Market48
Property Features for 523 N 9th Ave
General Information
Standard status
Active
Size
7,680 SF
Lot size
1.50 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
6
Heavy Power
Yes
Building Details
Year Built
1964
Listing Agency:
RE/MAX
Listed By:
Mary Jo Brockshus · License #FA1000014385
(970) 590-0955
Source:
Elliman
Added: Jul 19
Changed: Jul 20
Last Checked: Sep 2 at 6:56PM
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 property is offered for sale on 1.5 acres and features a 7,680 SF industrial shop built for repair and maintenance operations. The shop includes two 14' overhead doors and full drive-through access. The south half of the building is further divided into four separate bays, each with a 14' overhead door, providing flexible, compartmentalized service space.
The property is located just one block off Hwy 85 in Greeley, CO, supporting straightforward access for commercial vehicles. The site includes 3-phase power throughout, and it is fenced and gated for controlled entry.
Overall, the combination of drive-through layout, multiple overhead doors, and dedicated service bays is suited for ongoing maintenance and repair needs on a truck terminal site.
The property is located just one block off Hwy 85 in Greeley, CO, supporting straightforward access for commercial vehicles. The site includes 3-phase power throughout, and it is fenced and gated for controlled entry.
Overall, the combination of drive-through layout, multiple overhead doors, and dedicated service bays is suited for ongoing maintenance and repair needs on a truck terminal site.
Key Highlights
- Commercial trucking property on 1.5 acres with a 7,680 SF industrial shop built in 1964
- Shop includes drive‑through access plus 2 overhead doors, each 14' wide
- South half has 4 separate bays, each with a 14' overhead door
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
$68,476
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
7.61%
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%
$1,369,520
$1.4M
Cap Rate 7%
$978,229
$978.2K
Cap Rate 9%
$760,844
$760.8K
Market Conditions
NOI Build-Up for 7,680 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
$106.0K $13.80/SF
− Vacancy
−$8.2K −$1.06/SF
EGI
$97.8K $12.74/SF
− OpEx
−$29.3K −$3.82/SF
NOI
$68.5K $8.92/SF
Area
Greeley, CO
Vacancy
7.70%
Lease Rate
$13.80 /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%
$1,369,520
Cap Rate 7%
$978,229
Cap Rate 9%
$760,844
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,669 @ 7.0% cap · market cap 9.52%
Second Best
Industrial
$978.2K
$856.0K – $1.14M
NOI $68,476 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office B
$1.40M
$1.22M – $1.63M
NOI $97,978 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Truck terminal - Fenced and gated truck terminal includes an 7,680 SF repair and maintenance shop with multiple 14' overhead doors.
Where is this truck terminal located?
The property is located at 523 N 9th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Commercial trucking property on 1.5 acres with a 7,680 SF industrial shop built in 1964; Shop includes drive‑through access plus 2 overhead doors, each 14' wide; South half has 4 separate bays, each with a 14' overhead door
