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    Property profile & analytics

    1801 59th Ave Greeley, CO 80634-7948

    • Office buildings
    • 12,496 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Nov 05, 2020
    $3,440,872
    Value Estimations
    $3,420,000
    Show details
    Cap Rate Potential
    4.8%
    Office buildings
    Location Intelligence
    Property ID
    US13-1105906
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • First Advantage / Financial Institution / Bank
    • Connect Hearing / Hearing Aid Store / Audiologist

    Property Details for 1801 59th Ave

    Year built
    2004
    Lot size
    1.83 lot acres
    Property size
    12,496 SF
    Property type
    Office buildings
    APN
    R2712704
    APU
    R2712704

    Description

    This exceptional two-story, Class B office building at 1801 59th Avenue in Greeley, Colorado, offers 12,496 square feet of traditional office space. Built in 2004, the property is zoned for commercial use and features multiple tenancies. Currently, 2,292 square feet are available for lease. The building boasts excellent natural lighting throughout. Individual suites include an open workspace, a break room, and a large conference room, providing ample space for various business needs. The strategic location at the intersection of 20th Street and 59th Avenue offers convenient access to Highway 34, placing businesses within easy reach of major transportation routes. This prime location is situated in the rapidly growing West Greeley market, providing excellent visibility and access to a thriving business community. The property's address is 1801 59th Ave, Greeley, CO 80634. This is a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space in a dynamic area. The building's size and layout offer flexibility for a variety of business configurations. Contact us for more information and leasing details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,525,000
      ML approach
      $4,260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,835,000
      6.5%
      $2,615,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,598,000
      Market price range: $1.57M - $2.91M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.776
    Latitude
    40.4095
    CBSA code
    24540
    CBSA name
    GREELEY, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,746
    $189,340
    $455,640
    $644,980
    -
    $678,640
    $1,633,120
    $2,311,760

    Comparable in this City

    • Value Estimation by Request
      1,056 SF

      808 23rd Ave

      OFFICE BUILDING • 1,056 SF
      808 23rd Ave, Greeley, CO 80634-5922
      View Details
    • Value Estimation
      $230,000
      10,376 SF

      5401 10th St

      OFFICE BUILDING • 10,376 SF
      5401 10th St, Greeley, CO 80634-4459
      View Details
    • Value Estimation
      $700,000
      31,583 SF

      5754 11th St

      OFFICE BUILDING • 31,583 SF
      5754 11th St, Greeley, CO 80634-4809
      View Details
    • Value Estimation
      $260,000
      4,034 SF

      3400 16th St, Unit 7

      OFFICE BUILDING • 4,034 SF
      3400 16th St, Greeley, CO 80634-6862
      View Details
    • Value Estimation
      $745,000
      23,455 SF

      3459 20th St

      OFFICE BUILDING • 23,455 SF
      3459 20th St, Greeley, CO 80634-6549
      View Details
    • Value Estimation
      $690,000
      4,000 SF

      8217 20th St

      OFFICE BUILDING • 4,000 SF
      8217 20th St, Greeley, CO 80634-3033
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $18 SF/Yr
      6,240 SF

      New Construction Office/Medical Building

      New office or medical buildings with build-to-suit options available.
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      View Details
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      Greeley Office Space For Lease

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      1770 25th Ave Office Space

      Prime Weld County Office Suites Available
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      View Details
    • $15 SF/Yr
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      Greeley Office Space Available

      736 SF office space for rent in Greeley, Colorado.
      2918 W 10Th St, Greeley, CO 80634
      View Details
    • $10 SF/Yr
      1,274 SF

      Greeley Office Space For Rent

      Centrally located office space with high visibility and ample parking.
      3400 W 16Th St, Greeley, CO 80634
      View Details
    • $9 SF/Yr
      4,970 SF

      Professional Office Suite For Rent

      Single-tenant office suite with open floor plan available Fall 2025.
      3690 W 10Th St, Greeley, CO 80634
      View Details
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    1801 59th Ave
    Greeley, CO 80634-7948
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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