113 6Th Ave Greeley, CO 80631
- Warehouses
- 12,500 SF
- 3.11 lot acres
Current Use by Public Records
- Wf Services Inc / Employment Agency
- Rocky Mountain Rig- Up and Repair / Auto Repair Shop
- Rocky Mountain Bio Health Solutions / Association Or Organization
- Diversified / Trucking Company
- KRT / Trucking Company
Property Details for 113 6Th Ave
- Year built
- 1996
- Lot size
- 3.11 lot acres
- Property size
- 12,500 SF
- Property type
- Warehouses
- APN
- R1194796
- APU
- R1194796
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,200,000
- 6.5%
- $3,875,000
- 7%
- $3,760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,580,000
- Geo Method
- $3,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,370,000
- Retail
- $3,655,000
- Mixed-Use
- $4,125,000
- Hospitality
- $4,155,000
- Educational
- $3,775,000
- Residential Income
- $4,060,000
- Energy
- $4,560,000
- Income-Based Land
- $3,320,000
- Food Service
- $3,545,000
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.688
- Latitude
- 40.4345
- CBSA code
- 24540
- CBSA name
- GREELEY, CO METROPOLITAN STATISTICAL AREA
