Leased Industrial Warehouse with
For Sale
Contact for pricing
923 - 937 A Street, Greeley, CO 84057
Pre-engineered metal warehouse with dock-high and overhead doors plus office amenities, on an industrial-zoned fenced yard.
Property Size11,430 SF
Lot Size0.82 Acres
Price / SF$206
Days on Market54
Property Features for 923 - 937 A Street
General Information
Standard status
Active
Size
11,430 SF
Class
B
Lot size
0.82 Acres
Property subtype
Industrial
Zoning
Industrial Low - City of Greeley
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$164,821
Additional Details
Business Included
Yes
Fenced Yard
Yes
Heavy Power
Yes
Building Details
Year Built
1961
Buildings
1
Tenancy
Single
Listing Agency:
Waypoint Real Estate
(970) 632-5050
Listed By:
Brian Smerud · License #FA 100042149
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 9 at 3:28PM
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 Waypoint Real Estate
Investment Insights
Based on property information with market context.
923-937 A St is an 11,430-square-foot pre-engineered metal building on 0.821 acres in Greeley, Colorado. The property is equipped with overhead doors and dock-high doors, along with clear height and substantial electrical infrastructure, including 480 and 220V service at 1,000 AMPs with three-phase power. Interior office amenities include private offices, conference rooms, a break room, and a security system. Heating is provided via forced air/gas furnace and radiant heat. Outside, the site includes a fenced yard and a dedicated truck access/loading area designed for industrial operations.
The property is zoned Industrial Low by the City of Greeley. It is configured to support both storage and light office needs, with loading access built into the exterior layout.
This is a practical fit for industrial investors or owner-operators seeking a fully leased warehouse facility that already supports tenant needs through dock and overhead door access, office build-out, and high-capacity three-phase power. With a security system and dedicated loading/truck access, it can accommodate day-to-day receiving, storage, and on-site coordination without requiring major initial interior improvements.
The property is zoned Industrial Low by the City of Greeley. It is configured to support both storage and light office needs, with loading access built into the exterior layout.
This is a practical fit for industrial investors or owner-operators seeking a fully leased warehouse facility that already supports tenant needs through dock and overhead door access, office build-out, and high-capacity three-phase power. With a security system and dedicated loading/truck access, it can accommodate day-to-day receiving, storage, and on-site coordination without requiring major initial interior improvements.
Key Highlights
- 11,430 SF pre‑engineered metal building (PEMB) on 0.821 acres in Greeley, CO (built in 1961)
- Industrial Low zoning by the City of Greeley
- Dock‑high and overhead doors with dedicated truck access/loading area and a fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,500
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,550,000
$2.6M
Cap Rate 7%
$1,821,429
$1.8M
Cap Rate 9%
$1,416,667
$1.4M
Market Conditions
NOI Build-Up for 11,430 SF
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.
Gross rent
$163.2K $14.28/SF
− Vacancy
−$13.2K −$1.16/SF
EGI
$150.0K $13.12/SF
− OpEx
−$22.5K −$1.97/SF
NOI
$127.5K $11.15/SF
Area
Greeley, CO
Vacancy
8.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,550,000
Cap Rate 7%
$1,821,429
Cap Rate 9%
$1,416,667
Alternative Uses
Best Use
Warehouse
$1.82M
$1.59M – $2.13M
NOI $127,500 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$2.08M
$1.82M – $2.43M
NOI $145,818 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- StoreItWise @Northview — 2920 W C St, Greeley, CO 80631
- Campus Storage — 505 18th Ave, Greeley, CO 80631
Frequently Asked Questions
What type of property is this?
Warehouse - Pre-engineered metal warehouse with dock-high and overhead doors plus office amenities, on an industrial-zoned fenced yard.
Where is this warehouse located?
The property is located at 923 - 937 A Street Greeley, CO.
What is the asking price?
The asking price for this property is $2,354,580.
What are key features of this property?
This property features: 11,430 SF pre‑engineered metal building (PEMB) on 0.821 acres in Greeley, CO (built in 1961); Industrial Low zoning by the City of Greeley; Dock‑high and overhead doors with dedicated truck access/loading area and a fenced yard
