Greeley Office Condominium For
For Sale
Contact for pricing
6500 29th St, Greeley, CO
Office condominium for rent in St. Michael’s Town Square.
Property Size10,886 SF
Lot Size10.20 Acres
Price / SF$234.25
Days on Market308
Property Features for 6500 29th St
General Information
Standard status
Active
Size
10,886 SF
Lot size
10.20 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 6500 29th St Contact us- Floor
- 2
- Size
- 3,480 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
6500 29th St
-4 standard offices
-Reception
-3 executive offices
-Conference room
-Storage
Contact us
- Size
- 1,021 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
6500 29th St
-4 standard offices
-Reception
-3 executive offices
-Conference room
-Storage
Contact us
- Floor
- Bldg
- Size
- 11,320 SF
- Type
- OFFICE
- Availability
- AVAILABLE, Now
- Sublease
- No
St. Michael's Town Square Office Condominium
Realtec Greeley is pleased to provide you the
opportunity to purchase this premier...
show more
Contact us
- Size
- 3,314 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
6500 29th St
- Size
- 3,505 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, On Available Date
6500 29th St
-4 standard offices
-Reception
-3 executive offices
-Conference room
-Storage
Contact us
Show more
Listing Agency:
Realtec Greeley
(970) 346-9900
Listed By:
Gage Osthoff · License #FA100040761
(970) 396-5166
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Sep 25
Last Checked: Sep 26 at 12:41PM
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 Realtec Greeley
Investment Insights
Based on property information with market context.
Located in St. Michael’s Town Square, this office condominium is situated in a professionally managed mixed-use project. The property is near the UC Health Greeley Hospital and Medical Clinic. The building is primarily owner-occupied. The property offers various lease scenarios.
Key Highlights
- Premier office condominium in west Greeley.
- Located in St. Michael’s Town Square, a professionally managed mixed‑use project.
- In the heart of the St. Michael’s subdivision.
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
$138,878
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
5.45%
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%
$2,777,560
$2.8M
Cap Rate 7%
$1,983,971
$2.0M
Cap Rate 9%
$1,543,089
$1.5M
Market Conditions
NOI Build-Up for 10,886 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
$195.9K $18.00/SF
− Vacancy
−$10.8K −$0.99/SF
EGI
$185.2K $17.01/SF
− OpEx
−$46.3K −$4.25/SF
NOI
$138.9K $12.76/SF
Area
Greeley, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,777,560
Cap Rate 7%
$1,983,971
Cap Rate 9%
$1,543,089
Alternative Uses
Best Use
Office B
$1.98M
$1.74M – $2.31M
NOI $138,878 @ 7.0% cap · market cap 5.45%
Second Best
Healthcare Medical
$133.3K
$116.6K – $155.5K
NOI $9,330 @ 7.0% cap · market cap 0.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
429
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium for rent in St. Michael’s Town Square.
Where is this office units located?
The property is located at 6500 29th St Greeley, CO.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Premier office condominium in west Greeley.; Located in St. Michael’s Town Square, a professionally managed mixed‑use project.; In the heart of the St. Michael’s subdivision.
