1901 56th Ave, Greeley, CO 80634
Fully occupied multi-tenant office building in west Greeley.
- Added:
- May 2, 2024
- Days on Market:
- 796
- Last Refresh:
- Jul 5 at 4:04 am
Property Features for 1901 56th Ave
General Information
- Standard status
- Active
- Size
- 19,879 SF
- Property subtype
- Office
Listing office CBRE (970) 305-8113
Listing date May 2, 2024
Source Crexi
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 CBRE
HighLights
- Fully occupied multi‑tenant office building.
- Attractive low NNN expenses.
- Excellent accessibility to amenities (restaurants, retail, etc.).
- Recent improvements include fresh exterior paint.
- Recent improvements: newly resurfaced parking lot.
- Located along W. 20th Street in west Greeley.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $357.8k | $18.00 |
| − Vacancy | −$19.7k | −$0.99 |
| EGI | $338.1k | $17.01 |
| − OpEx | −$84.5k | −$4.25 |
| NOI | $253.6k | $12.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.7713845
- Latitude
- 40.4073806
