Listing Agency: CBRE - Fort Collins Show Phone

Listed By: Jake Hallauer · License #FA100028819 Show Phone

Source: Moodyscre

Added: Oct 22 Changed: Oct 24 Last Checked: Oct 24 at 3:06PM

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Investment Insights

Based on property information with market context.

Configured for medical office use, the space includes a reception and waiting area with distinct check-in and checkout counters. Four private offices and six exam rooms are complemented by a conference room, lab, shower room, and a break room with kitchenette. A storage room and full-size unfinished basement provide additional storage capacity.

The 4,000-square-foot property has building signage, ADA accessibility, and ample parking.

Key Highlights

• 4,000 square feet of medical office space
• Four private offices and six exam rooms
• Reception and waiting area with separate check‑in and checkout counters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,030

Cap Rate

3.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,020,600 $1.0M

Cap Rate 7%

$729,000 $729.0K

Cap Rate 9%

$567,000 $567.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$72.0K $18.00/SF

− Vacancy

−$4.0K −$0.99/SF

EGI

$68.0K $17.01/SF

− OpEx

−$17.0K −$4.25/SF

NOI

$51.0K $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 Rate 5%

$1,020,600

Cap Rate 7%

$729,000

Cap Rate 9%

$567,000

Alternative Uses

Best Use

Office B

$729.0K

$637.9K – $850.5K (±1% cap)

NOI $51,030 @ 7.0% cap · market cap 3.99%

Second Best

Healthcare Medical

$49.0K

$42.9K – $57.1K (±1% cap)

NOI $3,428 @ 7.0% cap · market cap 0.27%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Nephrology Clinic Medical Clinic VARSHA R PATHAK Physician SARA TAVERNIER BURGARDT Physician PRIYANKA GOVINDAN Physician NILESH HARISH AHUJA Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Hair Salon Restaurant 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.

Location Intelligence

Trade Area within ½ mile

167

Businesses Nearby

Well-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 Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - The clinical layout includes separate patient check-in and checkout counters, staff offices, and support rooms.

Where is this medical office space located?

The property is located at 8229 W 20th St Greeley, CO.

What is the asking price?

The asking price for this property is $1,280,000.

What are key features of this property?

This property features: 4,000 square feet of medical office space; Four private offices and six exam rooms; Reception and waiting area with separate check‑in and checkout counters