2400 16Th St Greeley, CO 80634
- Medical offices
- 33,293 SF
- 3.27 lot acres
Current Use by Public Records
- Smiles 4 Kids / Dentist / Pediatric Dentist
- NoCo Gymnastics / Gym
- Aspire Fitness / Gym
- Sonya Villareal / Dentist
- Amy Schrader / Dentist
Property Details for 2400 16Th St
- Year built
- 1976
- Lot size
- 3.27 lot acres
- Property size
- 33,293 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- R3919505
- APU
- R3919505
Description
This exceptional 32,672-square-foot shopping center in Greeley, Colorado, presents a compelling value-add investment opportunity. Located at 2400 W 16th St, 80634, this single-story, 1-building property boasts a 100% occupancy rate with four tenants. The property, built in 1976 and renovated in 2005, sits on a 142,344-square-foot lot zoned C-H. The current Net Operating Income (NOI) is $373,961, yielding an 8.50% cap rate, with an asking price of $4,400,000 ($134.67/sq ft). The tenant mix includes service-based businesses, offering resilience to online competition. Its prime location in a rapidly growing area of Greeley, near the North Colorado Medical Center, provides significant potential for future growth and synergy. This property benefits from its central Greeley location within a premier retail trade area and a family-friendly tenant mix. The property is offered below replacement cost, presenting a strong value proposition for investors seeking a stable, income-producing asset with upside potential. The lease type is NNN, and there is no credit rating available for the tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.718
- Latitude
- 40.4132
- CBSA code
- 24540
- CBSA name
- GREELEY, CO METROPOLITAN STATISTICAL AREA
