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    Historic Greeley Office Building For Sale Title is generated by Realmo AI

    710 11th Ave, Greeley, CO

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    48,205 SF historic office building in downtown Greeley.

    Type:OFFICE
    Property size:
    48,205 SF
    Lot size:
    1.15 Acres
    Price / SF:
    $141/SF
    Added:
    Nov 24, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 5 at 8:58 pm

    Property Features for 710 11th Ave

    General Information

    Standard status
    Active
    Size
    48,205 SF
    Lot size
    1.15 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Jared Goodman

    Listing agent Jared Goodman

    Listing office Cushman & Wakefield | Fort Collins

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Cushman & Wakefield | Fort Collins

    HighLights

    • National Register Historic Landmark status offers prestige and potential historical tax benefits.
    • High occupancy rate (81%) demonstrates consistent tenant demand and income potential.
    • Recent capital improvements minimize near‑term maintenance costs.
    • Prominent downtown Greeley location provides high visibility and accessibility.
    • Diversified tenant mix reduces risk associated with single‑tenant dependency.
    • Significant renovation in the 1980s converted the building to modern office space.

    Overview

    This 48,205 square foot office building, a Legacy Asset, is located in the heart of downtown Greeley. Recognized by the National Register Historic Landmark and Buildings, the Greeley Building began as a High School at the turn of the century. The building has maintained high occupancy throughout its history. In the 1980s, the building underwent a major renovation, converting it from a school to an office building. Since the mid-80s, a local family has maintained this use, servicing a diversified tenant mix of executive suites and larger tenants, including local government, non-profits, and private businesses such as attorneys. Currently, 81% of the building is occupied by Colorado State Public Defender’s offices. Recent capital improvements include boiler, parking lot, elevator, EPDM, fire alarm, LED lighting, HVAC mechanical upgrades, exterior window restoration and painting, brick restoration, and new sliding glass patio doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Weld County Head ... High School Colorado Early Education ... High School Igniter Lab Inc. (Bike/Boat/Book/etc) Store Kelly Michele Physician Normax Contractors Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.696
    Latitude
    40.4254

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    FAQs

    What type of property is this?
    Office building - 48,205 SF historic office building in downtown Greeley.
    Where is this office building located?
    The property is located at 710 11th Ave Greeley, CO.
    What is the asking price?
    The asking price for this property is $6,817,000.
    What are key features of this property?
    This property features: National Register Historic Landmark status offers prestige and potential historical tax benefits.; High occupancy rate (81%) demonstrates consistent tenant demand and income potential.; Recent capital improvements minimize near‑term maintenance costs.
    (970) 267-7723 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jared Goodman
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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