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    113 6Th Ave Greeley, CO 80631

    Sponsored
    For Sale
    $7,900,000

    Multi-tenant industrial complex, high NOI.

    Property size:
    59,324 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial investment opportunity in Greeley, Colorado, presents a compelling case for astute investors. Located at 113-215 N 6th Avenue, this multi-tenant property encompasses 59,324 square feet across multiple buildings situated on a sizable 9-acre lot. The property's strategic location near downtown Greeley offers convenient access to Highway 85, benefiting its seven tenants. The substantial yard space provides ample room for outdoor storage, adding significant value. The property's strong financial performance is highlighted by a pro-forma NOI of $566,607 and a pro-forma cap rate of 7.17%. The asking price is $7,900,000, translating to a price per square foot of $133.17. Several leases extend to 2028 and beyond, ensuring a stable income stream for years to come. The property is zoned for Industrial Medium Intensity use, providing flexibility for future development or expansion. This well-positioned, multi-tenant industrial complex offers a rare opportunity to acquire a high-performing asset in a thriving Colorado market. The property's size, location, and strong tenant base make it an attractive investment with significant long-term potential.

    Property Features for 113 6Th Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    59,324 SF
    Lot Size
    392,040 SF

    HighLights

    • Multi‑tenant industrial property totaling 59,324 square feet on a 9‑acre lot in Greeley, CO.
    • Located at 113‑215 N 6th Avenue, near Highway 85.
    • Seven tenants with leases extending beyond 2028.
    • Strong financials: $7,900,000 asking price, $133.17/SF, $566,607 pro‑forma NOI, 7.17% pro‑forma cap rate.
    • Ample yard space for outdoor storage and zoned for Industrial Medium Intensity use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wf Services Inc Employment Agency Rocky Mountain Rig- ... Auto Repair Shop Rocky Mountain Bio ... Association Or Organization Diversified Trucking Company KRT Trucking Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.68714137075
    Latitude
    40.433125870742

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant industrial complex, high NOI.
    Where is this distribution property located?
    The property is located at 113 6Th Ave Greeley, CO.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: Multi-tenant industrial property totaling 59,324 square feet on a 9-acre lot in Greeley, CO.; Located at 113-215 N 6th Avenue, near Highway 85.; Seven tenants with leases extending beyond 2028.
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    113 6Th Ave Greeley, CO 80631
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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
    113 6Th Ave Greeley, CO 80631
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