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1901 56Th Ave Greeley, CO 80634

Office buildings Google Maps
21,581 SF 1.39 ac lot Built 1996
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$670k
Range $603k – $737k (±10%)
Property ID US13-0599500

Property summary

AI-generated overview

This exceptional multi-tenant professional office building, situated at 1901 56th Ave in Greeley, Colorado, presents a compelling investment opportunity. Spanning 21,581 square feet and encompassing 1.39 acres of land, the property enjoys a highly desirable location in west Greeley, offering convenient access to a vibrant mix of restaurants, retail establishments, residential areas, recreational facilities, and essential public amenities. Currently, the building houses three established tenants, demonstrating strong occupancy and rental income potential. A significant advantage is the availability of a vacant lower-level space, presenting an immediate opportunity to increase revenue streams through leasing to a new tenant. The building's strategic placement along W. 20th Street ensures high visibility and accessibility for both tenants and clients. This property is ideally suited for investors seeking a stable, income-generating asset in a thriving Colorado community. The substantial square footage and ample land provide flexibility for future expansion or redevelopment, further enhancing its long-term value. The existing tenant base provides a solid foundation for continued success, while the vacant space offers immediate potential for growth. This is a rare opportunity to acquire a well-located, multi-tenant commercial property in a rapidly developing area. The combination of existing income and expansion potential makes this an attractive investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Total area 21,581 SF
Lot 1.39 ac (60,592 SF)
APN R6905398
UPID US13-0599500

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Church
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.52M
Comparable Approach Comparable
$3.28M
Blend (final) Blend
$670k

Owner & transaction history

since 2019
7 recorded transactions
2019
$3.0M
2016
Price N/A
2014
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $4.5M +12.0%
Restaurant $4.1M +3.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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