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    2400 16Th St Greeley, CO 80634

    Sponsored
    For Sale
    $4,400,000

    32,672 SF Shopping Center, 100% Leased

    Property size:
    32,672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 32,672-square-foot shopping center in Greeley, Colorado, presents a compelling value-add investment opportunity. Located at 2400 W 16th St, 80634, this single-story, 1-building property boasts a 100% occupancy rate with four tenants. The property, built in 1976 and renovated in 2005, sits on a 142,344-square-foot lot zoned C-H. The current Net Operating Income (NOI) is $373,961, yielding an 8.50% cap rate, with an asking price of $4,400,000 ($134.67/sq ft). The tenant mix includes service-based businesses, offering resilience to online competition. Its prime location in a rapidly growing area of Greeley, near the North Colorado Medical Center, provides significant potential for future growth and synergy. This property benefits from its central Greeley location within a premier retail trade area and a family-friendly tenant mix. The property is offered below replacement cost, presenting a strong value proposition for investors seeking a stable, income-producing asset with upside potential. The lease type is NNN, and there is no credit rating available for the tenants.

    Property Features for 2400 16Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    32,672 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1976/2005
    Buildings
    1
    Stories
    1

    HighLights

    • Value‑Add Potential via Future Leasing Opportunities
    • Strong Complementary Businesses Nearby
    • Desirable Tenant Mix with Family‑Friendly Businesses
    • Located in the Thriving Greeley Market
    • Prime Greeley Location
    • Stable Tenant Base with Recession‑Resistant Businesses
    Property Profile Location Intelligence

    Current Use by Public Records

    Smiles 4 Kids Dental Clinic NoCo Gymnastics Gym Aspire Fitness Gym Sonya Villareal Dentist Amy Schrader Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.7177333
    Latitude
    40.4131524

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    FAQs

    What type of property is this?
    Lifestyle center - 32,672 SF Shopping Center, 100% Leased
    Where is this lifestyle center located?
    The property is located at 2400 16Th St Greeley, CO.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: Value-Add Potential via Future Leasing Opportunities; Strong Complementary Businesses Nearby; Desirable Tenant Mix with Family-Friendly Businesses
    Request Owner's contact information
    2400 16Th St Greeley, CO 80634
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    Greeley, CO 80634
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    2400 16Th St Greeley, CO 80634
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