Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1120 38th Ave Ste, Unit 2 Greeley, CO 80634-2579

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1120 38th Ave Ste, Unit 2 Greeley, CO 80634-2579

    View on Map
    • Office properties & Spaces
    • 2,154 SF
    • 0.05 lot acres
    Off-Market
    Property ID
    US13-2835360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aspen Summit Wellness and Counseling / Crisis Center / Medical Clinic
    • Josh Benedict - Allstate Agent / Insurance Agency
    • Sue Helfrich: Allstate Insurance / Insurance Agency
    • Legacy Financial Services / Bank / Credit Union
    • Roney Law Firm / Law Firm

    Property Details for 1120 38th Ave Ste

    Year built
    2002
    Lot size
    0.05 lot acres
    Property size
    2,154 SF
    Property type
    Office properties & Spaces
    APN
    R2424003
    APU
    R2424003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.738
    Latitude
    40.421
    CBSA code
    24540
    CBSA name
    GREELEY, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,043
    $0.00
    $120,190
    $120,190
    -
    $0.00
    $430,800
    $430,800

    Comparable in this City

    • Value Estimation by Request
      128 SF

      3835 10th St Ste 100b

      CONDOMINIUM OFFICES • 128 SF
      3835 10th St Ste 100b, Greeley, CO 80634-1551
      View Details
    • Value Estimation by Request
      1,017 SF

      1019 37th Ave Ct, Unit 2

      CONDOMINIUM OFFICES • 1,017 SF
      1019 37th Ave Ct, Greeley, CO 80634-2567
      View Details
    • Value Estimation by Request
      957 SF

      1013 37th Ave Ct, Unit 201

      CONDOMINIUM OFFICES • 957 SF
      1013 37th Ave Ct, Greeley, CO 80634-2575
      View Details
    • Value Estimation by Request
      1,149 SF

      1009 37th Ave Ct, Unit 202

      CONDOMINIUM OFFICES • 1,149 SF
      1009 37th Ave Ct, Greeley, CO 80634-2573
      View Details
    • Value Estimation by Request
      246 SF

      929 38th Ave Ct Ste 104d

      CONDOMINIUM OFFICES • 246 SF
      929 38th Ave Ct Ste 104d, Greeley, CO 80634-1546
      View Details
    • Value Estimation by Request
      810 SF

      2021 Clubhouse Dr, Unit B104

      CONDOMINIUM OFFICES • 810 SF
      2021 Clubhouse Dr, Greeley, CO 80634-3667
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Greeley Office Campus For Sale

      Vibrant office campus centrally located between Greeley, Loveland, and Windsor.
      1555-1557 Promontory Cir, Greeley, CO 80634
      View Details
    • Contact for pricing
      19,879 SF

      Multi-Tenant Office Building For Sale

      Fully occupied multi-tenant office building in west Greeley.
      1901 56Th Ave, Greeley, CO 80634
      View Details
    • $1,100,000

      Office Building with Flexible Options

      Office building for sale with leaseback or multi-tenant potential.
      3109 35Th St, Greeley, CO 80634
      View Details
    • New
      $209,000
      0.01 Acres

      Remodeled Office Space in Greeley

      Remodeled office space in high-traffic area, great investment opportunity.
      929 38Th Avenue Ct, Greeley, CO 80634
      View Details
    • Contact for pricing

      West Greeley Corner Office Space

      Main-level corner office with functional layout and dedicated parking.
      6200 W 9Th St, Greeley, CO 80634
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Greeley Mixed-Use Space For Lease

      Up to 37,992 SF available for lease in Greeley.
      5800 W 18Th St, Greeley, CO 80634
      View Details
    • $8 SF/Yr
      82,764 SF

      Greeley Commercial Space For Lease

      Versatile commercial space suitable for office, retail, and more.
      5800 W 18Th St, Greeley, CO 80634
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 2,140 SqFt.
      2914 67Th Avenue Ct, Greeley, CO 80634
      View Details
    • $16 SF/Yr
      1,862 SF

      Versatile Office/Medical Space Available

      Adaptable office space suitable for medical or general use.
      1620 25Th Ave, Greeley, CO 80634
      View Details
    • $17 SF/Yr

      Professional Office Suite For Rent

      Prime west Greeley office suite with high visibility and parking.
      3050 67Th Ave, Greeley, CO 80634
      View Details
    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.
    1120 38th Ave Ste, Unit 2
    Greeley, CO 80634-2579
    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

    1120 38th Ave Ste, 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!