Truck Terminal with 2 Overhead
For Sale
$900,000
523 N 9th, Greeley, CO 80631
Fenced and gated truck terminal with a 7,680 SF industrial shop featuring two 14' overhead doors.
Property Size7,680 SF
Lot Size1.50 Acres
Price / SF$117.19
Days on Market50
Property Features for 523 N 9th
General Information
Standard status
Active
Size
7,680 SF
Lot size
1.50 Acres
Property subtype
Commercial
Warehouse & Industrial
Drive-In Doors
6
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$17,846
Amenities
Metal Roof
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 7:37AM
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 on 1.5 acres featuring a 7,680 SF industrial shop designed for repair and maintenance. The facility includes two 14' overhead doors with full drive-through access, supporting straightforward inbound and outbound operations. The south half of the shop is arranged with four separate bays, each equipped with a 14' overhead door. Three-phase power is available throughout, and the property is fenced and gated.
Located just one block off Hwy 85, the site offers convenient access for trucking and service activities. The enclosed shop configuration supports use cases that require multiple service bays in addition to drive-through capability.
With dedicated bay doors and drive-through access, the layout is well-suited for vehicle service workflows that benefit from segregated areas for repair and maintenance.
Located just one block off Hwy 85, the site offers convenient access for trucking and service activities. The enclosed shop configuration supports use cases that require multiple service bays in addition to drive-through capability.
With dedicated bay doors and drive-through access, the layout is well-suited for vehicle service workflows that benefit from segregated areas for repair and maintenance.
Key Highlights
- Commercial trucking property on 1.5 acres with a 7,680 SF industrial shop for repair and maintenance
- Drive‑through access with 2 (14') overhead doors plus 4 separate bays in the south half, each with (14') overhead doors
- 3‑phase power throughout the shop
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
Location Intelligence
Trade Area within ½ mile
1,368
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 with a 7,680 SF industrial shop featuring two 14' overhead doors.
Where is this truck terminal located?
The property is located at 523 N 9th 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 for repair and maintenance; Drive‑through access with 2 (14') overhead doors plus 4 separate bays in the south half, each with (14') overhead doors; 3‑phase power throughout the shop
