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    Property profile & analytics

    1527 2nd Ave Greeley, CO 80631-5938

    • Office buildings
    • 875 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2022
    $297,000
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    4.5%
    Office buildings
    Location Intelligence
    Property ID
    US13-0188058
    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.

    Current Use by Public Records

    • Total Remodel Contractor / Roofing Contractor

    Property Details for 1527 2nd Ave

    Year built
    1908
    Lot size
    0.20 lot acres
    Property size
    875 SF
    Property type
    Office buildings
    APN
    R3230786
    APU
    R3230786

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $260,000
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $200,000
      6.5%
      $185,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $203,000
      Market price range: $107k - $204k

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.681
    Latitude
    40.4145
    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
    $5,147
    $14,390
    $57,630
    $72,020
    -
    $51,570
    $206,555
    $258,125

    Comparable in this City

    • Value Estimation
      $610,000
      114,168 SF

      822 7th St Ste, Unit 750

      OFFICE BUILDING • 114,168 SF
      822 7th St Ste, Greeley, CO 80631-3929
      View Details
    • Value Estimation
      $280,000
      5,382 SF

      1113 10th Ave

      OFFICE BUILDING • 5,382 SF
      1113 10th Ave, Greeley, CO 80631-3813
      View Details
    • Value Estimation
      $465,000
      14,975 SF

      1400 17th Ave

      OFFICE BUILDING • 14,975 SF
      1400 17th Ave, Greeley, CO 80631-9563
      View Details
    • Value Estimation
      $265,000
      3,048 SF

      1115 11th Ave

      OFFICE BUILDING • 3,048 SF
      1115 11th Ave, Greeley, CO 80631-3825
      View Details
    • Value Estimation
      $300,000
      4,331 SF

      1100 11th Ave

      OFFICE BUILDING • 4,331 SF
      1100 11th Ave, Greeley, CO 80631-3826
      View Details
    • Value Estimation
      $290,000
      3,500 SF

      1029 8th Ave

      OFFICE BUILDING • 3,500 SF
      1029 8th Ave, Greeley, CO 80631-4007
      View Details

    Similar Nearby for Sale

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      Historic Greeley Office Building For Sale

      48,205 SF historic office building in downtown Greeley.
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    • $957,600

      Mixed-Use Building in Downtown Greeley

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      Greeley Warehouse Condos For Sale

      Three adjacent condos with offices and warehouse space for sale.
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    • $750,000
      3,583 SF

      Renovated Commercial Building in Downtown

      Fully renovated commercial building with flexible space in downtown Greeley.
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    • New
      $240,000
      0.03 Acres

      Greeley Commercial Flex Space

      Versatile commercial/industrial flex space near US-34 and US-85.
      3022 1St Ave, Greeley, CO 80631
      View Details

    Similar Nearby for Lease

    • $6,900,000
      15,000 SF

      Renovated Flex Building in Greeley

      Redeveloped flex building with investment upside and fenced yard.
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    • $1,125,000
      6,561 SF

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      Commercial property with office, warehouse, and highway exposure.
      418 N 9Th Ave, Greeley, CO 80631
      View Details
    • Contact for pricing
      2,160 SF

      Greeley Office Space For Rent

      2,160 SF former dentist office on 14th Street.
      902 14Th St, Greeley, CO 80631
      View Details
    • $934 /Mo
      700 SF

      Downtown Greeley Office/Retail Suite

      Updated office/retail suite with easy access and ample parking.
      918 13Th St, Greeley, CO 80631
      View Details
    • $12 SF/Yr
      605 SF

      Downtown Greeley Office Space Available

      Office space in downtown Greeley, near Weld County Courthouse.
      810 9Th St, Greeley, CO 80631
      View Details
    • $14 SF/Yr
      1,544 SF

      Office Space For Lease

      Office space available in well-maintained business complex.
      2985-3005 W 29Th St, Greeley, CO 80631
      View Details
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    1527 2nd Ave
    Greeley, CO 80631-5938
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    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
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