Mixed-Use Building with Restaurant
For Sale
$1,600,000
819 9th St, Greeley, CO 80631
An upper-level apartment adds residential space to a property with a main-floor restaurant and basement kitchen and storage areas.
Property Size7,150 SF
Price / SF$223.78
Days on Market191
Property Features for 819 9th St
General Information
Standard status
Active
Size
7,150 SF
Property subtype
Retail
Units
Unit Mix
1 x 2BR apartment
Multifamily Units
1
Additional Details
Floor
Ground
Building Details
Building Size
7,150 SF
Year Built
1898
Stories
3
Listing Agency:
Northstar Realty
Listed By:
ShanaRE
(970) 371-4489
Source:
Northstar
Added: Apr 23
Changed: Oct 30
Last Checked: Oct 30 at 2:05AM
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 Northstar Realty
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Investment Insights
Based on property information with market context.
This 7,150-square-foot mixed-use property includes a 2,675-square-foot restaurant area on the main floor and a 2,875-square-foot basement used for kitchen and storage functions. The upper floor has a two-bedroom apartment with an office, living room, kitchen, and bathroom. Built in 1898, the building combines restaurant and residential space under one roof.
The property is within Greeley’s Downtown Development Authority and Historic District. Potential programs for eligible projects include facade and building improvement grants, as well as Tax Increment Financing reimbursements. The address is 819 9th St in Greeley, Colorado.
The property is within Greeley’s Downtown Development Authority and Historic District. Potential programs for eligible projects include facade and building improvement grants, as well as Tax Increment Financing reimbursements. The address is 819 9th St in Greeley, Colorado.
Key Highlights
- 7,150‑square‑foot mixed‑use property
- Main‑level restaurant space measures 2,675 square feet
- 2,875‑square‑foot basement currently used for kitchen and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,583
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,731,660
$1.7M
Cap Rate 7%
$1,236,900
$1.2M
Cap Rate 9%
$962,033
$962.0K
Market Conditions
NOI Build-Up for 7,150 SF
Gross rent
$128.7K $18.00/SF
− Vacancy
−$13.3K −$1.85/SF
EGI
$115.4K $16.15/SF
− OpEx
−$28.9K −$4.04/SF
NOI
$86.6K $12.11/SF
Area
Greeley, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,731,660
Cap Rate 7%
$1,236,900
Cap Rate 9%
$962,033
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,583 @ 7.0% cap · market cap 5.41%
Second Best
Mixed Use
$106.2K
$92.9K – $123.9K
NOI $7,435 @ 7.0% cap · market cap 0.46%
Theoretical Best
Office B
$1.30M
$1.14M – $1.52M
NOI $91,216 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 18%
Hotels & Casinos 16%
Groceries 9%
Dutch Bros. Coffee
Dining
17,053 visits/mo
0.3 miles
Carl's Jr.
Dining
10,713 visits/mo
0.1 miles
Family Dollar
Shops & Services
9,179 visits/mo
0.4 miles
DoubleTree by Hilton
Hotels & Casinos
8,810 visits/mo
0.2 miles
Santiago's
Dining
7,433 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upper-level apartment adds residential space to a property with a main-floor restaurant and basement kitchen and storage areas.
Where is this mixed-use property located?
The property is located at 819 9th St Greeley, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7,150‑square‑foot mixed‑use property; Main‑level restaurant space measures 2,675 square feet; 2,875‑square‑foot basement currently used for kitchen and storage
