Office Units with Updated
For Sale
$962,500
N-7251 W 20th St, Greeley, CO 80631
Owner-user office suite with reception, private offices, a breakroom, bathrooms, and adaptable lab or storage space.
Property Size2,750 SF
Price / SF$350
Days on Market12
Property Features for N-7251 W 20th St
General Information
Standard status
Active
Size
2,750 SF
Additional Details
Asking Price
$962,500
Listing Agency:
Realtec Commercial Real Estate Services of Loveland
(970) 593-9900
Listed By:
Bruce Campbell · License #100041380
(970) 231-6824
Source:
Exprealty
Added: Sep 10
Changed: Sep 20
Last Checked: Sep 20 at 2:21PM
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 Realtec Commercial Real Estate Services of Loveland
Investment Insights
Based on property information with market context.
This office unit provides approximately 2,750 SF for an owner-user, with a reception area, multiple offices receiving natural light, a breakroom, three bathrooms, and additional lab or storage space. The layout is suited to medical or professional service operations, subject to the applicable requirements for the intended use. An established professional tenant occupies the other half of the building, creating a shared-occupancy configuration. The property is located at N-7251 W 20th St in Greeley, within an office park setting. An updated HVAC system is in place, supporting day-to-day office operations.
Key Highlights
- Approximately 2,750 SF available for an owner‑user
- Reception area, multiple offices, breakroom, and 3 bathrooms
- Additional lab or storage space
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
$35,083
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
3.64%
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%
$701,660
$701.7K
Cap Rate 7%
$501,186
$501.2K
Cap Rate 9%
$389,811
$389.8K
Market Conditions
NOI Build-Up for 2,750 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
$49.5K $18.00/SF
− Vacancy
−$2.7K −$0.99/SF
EGI
$46.8K $17.01/SF
− OpEx
−$11.7K −$4.25/SF
NOI
$35.1K $12.76/SF
Area
Greeley, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$701,660
Cap Rate 7%
$501,186
Cap Rate 9%
$389,811
Alternative Uses
Best Use
Office B
$501.2K
$438.5K – $584.7K
NOI $35,083 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 80631, CO
52,336
Population
18,871
Households
2.8
Avg Household Size
29
Median Age
18%
College-Educated
73%
High-School Grad
103.6 sq mi
ZIP Area
505
Density / Sq Mi
$52,470
Median Household Income
$33,062
Median Earnings
$1,209
Median Rent
$300,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Owner-user office suite with reception, private offices, a breakroom, bathrooms, and adaptable lab or storage space.
Where is this office units located?
The property is located at N-7251 W 20th St Greeley, CO.
What is the asking price?
The asking price for this property is $962,500.
What are key features of this property?
This property features: Approximately 2,750 SF available for an owner‑user; Reception area, multiple offices, breakroom, and 3 bathrooms; Additional lab or storage space
