807 17th Street, Greeley, CO 80631

Building Details

Buildings 1 More

Tenancy Multi More

Listing Agency: LC Real Estate Group

Listed By: Nathan Klein · License #40037632 Show Phone

Source: Crexi

Added: Oct 1 Changed: Nov 8 Last Checked: Nov 8 at 3:53PM

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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 LC Real Estate Group

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Investment Insights

Based on property information with market context.

This 20,252-square-foot retail and restaurant center occupies 0.988 acres in downtown Greeley. Chipotle is among the existing tenants, and vacant suites range from 2,845 to 4,011 RSF, with multiple layout configurations available. NNN lease terms apply to the available spaces.

At 807 17th Street, the property is adjacent to the University of Northern Colorado. The combination of existing retail and restaurant tenancy with available suites defines the center’s current configuration.

Key Highlights

• 20,252‑square‑foot retail and restaurant building on 0.988 acres
• Existing tenant roster includes Chipotle
• Vacant suites range from 2,845 to 4,011 RSF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$228,892

Cap Rate

9.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,577,840 $4.6M

Cap Rate 7%

$3,269,886 $3.3M

Cap Rate 9%

$2,543,244 $2.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 20,252 SF

Gross rent

$364.5K $18.00/SF

− Vacancy

−$37.5K −$1.85/SF

EGI

$327.0K $16.15/SF

− OpEx

−$98.1K −$4.84/SF

NOI

$228.9K $11.30/SF

Area

Greeley, CO

Vacancy

10.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,577,840

Cap Rate 7%

$3,269,886

Cap Rate 9%

$2,543,244

Alternative Uses

Best Use

Retail

$3.27M

$2.86M – $3.81M (±1% cap)

NOI $228,892 @ 7.0% cap · market cap 9.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office B

$3.69M

$3.23M – $4.31M (±1% cap)

NOI $258,365 @ 7.0% cap · market cap 10.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Law Firm Kitchen & Bath Showroom Locksmith Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

879

Businesses Nearby

6k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Wells Fargo Shops & Services

5,501 visits/mo 0.4 miles

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 Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Available suites offer flexible configurations and NNN lease terms.

Where is this shopping center located?

The property is located at 807 17th Street Greeley, CO.

What is the asking price?

The asking price for this property is $2,490,000.

What are key features of this property?

This property features: 20,252‑square‑foot retail and restaurant building on 0.988 acres; Existing tenant roster includes Chipotle; Vacant suites range from 2,845 to 4,011 RSF