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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Office buildings
1801 59th Ave Greeley, CO 80634-7948
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1105906
Property summary
AI-generated overview
This exceptional two-story, Class B office building at 1801 59th Avenue in Greeley, Colorado, offers 12,496 square feet of traditional office space. Built in 2004, the property is zoned for commercial use and features multiple tenancies. Currently, 2,292 square feet are available for lease. The building boasts excellent natural lighting throughout. Individual suites include an open workspace, a break room, and a large conference room, providing ample space for various business needs. The strategic location at the intersection of 20th Street and 59th Avenue offers convenient access to Highway 34, placing businesses within easy reach of major transportation routes. This prime location is situated in the rapidly growing West Greeley market, providing excellent visibility and access to a thriving business community. The property's address is 1801 59th Ave, Greeley, CO 80634. This is a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space in a dynamic area. The building's size and layout offer flexibility for a variety of business configurations. Contact us for more information and leasing details.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
12,496 SF
Lot
1.83 ac (79,845 SF)
APN
R2712704
UPID
US13-1105906
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
First Advantage Loan Service
-
Connect Hearing Hearing Aid Store Audiologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.26M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.12M
Owner & transaction history
FIRST NATIONAL BANK · 6 yrs held
FIRST NATIONAL BANK
since 2020
Last sale
$3.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.5M
+95.6%
Retail stores
$2.6M
+12.0%
Restaurant
$2.4M
+3.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greeley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,525,000
ML approach
$4,260,000
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,615,000
7%
$2,430,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,300,000
Current use
AUTO REPAIR, GARAGE
$4,505,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$2,580,000
Change: +12% · Conversion: Moderate
RESTAURANT
$2,390,000
Change: +4% · Conversion: Moderate
MEDICAL BUILDING
$2,085,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,970,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10% · vs last sale $3.44M (Nov 5 2020)
Last sale anchor
$3.44M
Nov 5 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$250 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,746
Tax year 2023
Assessed value
$644,980
Assessed 2023
Previous assessed
$644,980
+0.0% YoY
Effective rate
8.02%
On assessed value
Assessed land
$189,340
Assessed improvement
$455,640
Land market value
$678,640
Improvement market value
$1,633,120
Total market value
$2,311,760
Applied tax rate
683.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
12,496 SF
Lot
1.83 ac (79,845 SF)
APN
R2712704
UPID
US13-1105906
Jurisdiction
WELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$2.6M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
FIRST NATIONAL BANK
Individual
Free & Clear · 6 yrs held
Mailing address
307 E HUSTAN AVE, FORT PIERRE, SD 57532-5201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
$3,440,872
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Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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