Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Development Land For Sale Title is generated by Realmo AI

    1022 83rd Ave, Greeley, CO 80634

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.26 acres available for sale, build to suit, or ground lease.

    Type:Land
    Lot size:
    1.26 Acres
    Added:
    Oct 13, 2023
    Days on Market:
    943
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 1022 83rd Ave

    General Information

    Standard status
    Active
    Lot size
    1.26 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kristen Granda

    Listing agent Kristen Granda License #CO CO

    Listing office David, Hicks & Lampert Brokerage, LLC

    Listing date Oct 13, 2023

    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 David, Hicks & Lampert Brokerage, LLC

    HighLights

    • Excellent pad site suitable for fast food, day care, automotive, and medical uses.
    • Located within a ten minute drive of the new UC Health Hospital and UC Health Greeley Medical Center, employing approximately 700 people.
    • 200 single family units planned for the site, breaking ground Fall 2023.
    • Approximately 1.26 acres available for sale, build to suit, or ground lease.
    • New retail development located on the SEC of W. 10th Street & 83rd Avenue.
    • Pads can be subdivided and will be delivered Q1 2023.

    Overview

    This new retail development is located at the southeast corner of West 10th Street and 83rd Avenue. Approximately 1.26 acres are available for sale, build to suit, or ground lease. There are 200 single family units planned on the site, with groundbreaking scheduled for Fall 2023. This is an excellent pad site for fast food, day care, automotive, and medical uses. The location is within a ten-minute drive of the new 212,000 square foot UC Health Hospital and UC Health Greeley Medical Center, which has approximately 700 employees on campus. The pads can be subdivided and will be delivered in Q1 2023.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Auto Parts Store Skin Care Clinic Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.8117603
    Latitude
    40.4239042

    Nearby Similar for Sale

    • $479,000
      3,040 SF

      All-Brick Duplex Investment Opportunity

      Solid duplex with income potential in Greeley, Colorado.
      1706 17th Ave, Greeley, CO 80631
      View Details
    • $650,000
      3,600 SF

      Turn-Key Triplex Near UNC

      Well-maintained triplex near UNC, ideal for house-hack or investment.
      1715 11th Ave, Greeley, CO 80631
      View Details
    • $850,000

      Commercial Land in Greeley, Colorado

      Two-acre commercial land with development potential in Weld County.
      1401 E Highway 34, Greeley, CO 80631
      View Details
    • $200,000

      West Greeley Corner Office Space

      Main-level corner office with functional layout and professional feel.
      6200 W 9th St, Greeley, CO 80634
      View Details
    • $1,199,900
      9,072 SF

      Updated Fourplex in Prime Location

      Updated fourplex with strong rental income and value-add potential.
      2132 27th Ave Ct, Greeley, CO 80634
      View Details
    • $377,900
      1,418 SF

      Remodeled Duplex with Income Potential

      Turn-key duplex with modern finishes and rental upside.
      2015 5th Ave, Greeley, CO 80631
      View Details
    • $2,190,000

      Versatile Industrial/Manufacturing Building in Greeley

      26,796 SF light industrial/manufacturing building on 1.5 acres.
      2332 4th Ave, Greeley, CO 80631
      View Details
    • $2,190,000

      Versatile Industrial/Manufacturing Building in Greeley

      26,796 SF light industrial/manufacturing building on 1.5 acres.
      2332 4th Ave, Greeley, CO 80631
      View Details
    • $690,000
      7,948 SF

      Mixed-Use Investment Opportunity in Greeley

      Three properties with mixed-use, commercial, industrial, storage, and residential spaces.
      517 8th St, Greeley, CO 80631
      View Details
    • $385,000
      4,431 SF

      Downtown Greeley Mixed-Use Opportunity

      Versatile mixed-use property with flex warehouse and office space.
      700 11th St, Greeley, CO 80631
      View Details
    • $1,600,000

      Mixed-Use Opportunity in Downtown Greeley

      Mixed-use property in Greeley's DDA and Historic District.
      819 9th St, Greeley, CO 80631
      View Details
    • $435,000

      Greeley Land with Utilities

      5.32 acre lot with water and electricity near amenities.
      5101 Pawnee Dr, Greeley, CO 80634
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.26 acres available for sale, build to suit, or ground lease.
    Where is this commercial land located?
    The property is located at 1022 83rd Ave Greeley, CO.
    What are key features of this property?
    This property features: Excellent pad site suitable for fast food, day care, automotive, and medical uses.; Located within a ten minute drive of the new UC Health Hospital and UC Health Greeley Medical Center, employing approximately 700 people.; 200 single family units planned for the site, breaking ground Fall 2023.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kristen Granda
    Real Estate License ID: CO CO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1022 83rd Ave, Greeley, CO 80634
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!