Automotive Retail Flex
For Sale
$1,150,000
6005 W 10th St, Greeley, CO 80634
Automotive flex building with 6 service bays, overhead doors, and leased retail storefront with additional shop space available.
Property Size11,830 SF
Lot Size0.83 Acres
Price / SF$97.21
Days on Market88
Property Features for 6005 W 10th St
General Information
Standard status
Active
Size
11,830 SF
Lot size
0.83 Acres
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
6
Taxes and HOA fees
Annual Taxes
$24,477
Building Details
Tenancy
Single
Listing Agency:
Wonderwall Realty
(970) 518-6197
Listed By:
Seth Bunting · License #100030198
(970) 518-6197
Source:
Exprealty
Added: May 28
Changed: Aug 23
Last Checked: Aug 23 at 4:52AM
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 Wonderwall Realty
Investment Insights
Based on property information with market context.
6005 W 10th Street is a fully functional automotive retail/flex facility featuring an 11,830 SF building with 4,520 SF of retail and 7,310 SF of shop/warehouse space. The shop portion includes six service bays, all with 10’ overhead doors, radiant heat in the bay area, and a forced air furnace in the shop. A compressed air system is installed throughout the shop, and automotive lifts are included with the sale. The property also offers a concrete-paved, gated and fenced rear yard and a functional service-oriented layout.
The building is located along the West 10th Street corridor. The property is currently leased to one tenant, which occupies approximately half of the retail space, leaving additional retail area and the full shop component available for future lease-up or owner-user occupancy. Capital improvements include a roof replacement in 2015 and LED lighting modernization in 2019, along with retail and shop lighting upgrades completed during that period. The listing notes that the property does not currently have municipal water connected; buyers should verify utility servicing and any required improvements.
The building is located along the West 10th Street corridor. The property is currently leased to one tenant, which occupies approximately half of the retail space, leaving additional retail area and the full shop component available for future lease-up or owner-user occupancy. Capital improvements include a roof replacement in 2015 and LED lighting modernization in 2019, along with retail and shop lighting upgrades completed during that period. The listing notes that the property does not currently have municipal water connected; buyers should verify utility servicing and any required improvements.
Key Highlights
- 11,830 SF automotive retail/flex building on ~0.83 acres along W 10th Street with high‑visibility frontage
- Shop area includes 6 service bays with 10’ overhead doors and concrete‑paved bay access
- Automotive infrastructure: radiant heat in bay area, forced‑air furnace in shop, and compressed air system throughout 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
$105,478
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
9.17%
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%
$2,109,560
$2.1M
Cap Rate 7%
$1,506,829
$1.5M
Cap Rate 9%
$1,171,978
$1.2M
Market Conditions
NOI Build-Up for 11,830 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
$163.3K $13.80/SF
− Vacancy
−$12.6K −$1.06/SF
EGI
$150.7K $12.74/SF
− OpEx
−$45.2K −$3.82/SF
NOI
$105.5K $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%
$2,109,560
Cap Rate 7%
$1,506,829
Cap Rate 9%
$1,171,978
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,705 @ 7.0% cap · market cap 11.63%
Second Best
Industrial
$1.51M
$1.32M – $1.76M
NOI $105,478 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office B
$2.16M
$1.89M – $2.52M
NOI $150,921 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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- Contemporary Cook Cafe — 5750 W 10th St, Greeley, CO 80634
Frequently Asked Questions
What type of property is this?
Flex space - Automotive flex building with 6 service bays, overhead doors, and leased retail storefront with additional shop space available.
Where is this flex space located?
The property is located at 6005 W 10th St Greeley, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 11,830 SF automotive retail/flex building on ~0.83 acres along W 10th Street with high‑visibility frontage; Shop area includes 6 service bays with 10’ overhead doors and concrete‑paved bay access; Automotive infrastructure: radiant heat in bay area, forced‑air furnace in shop, and compressed air system throughout shop
