1901 56Th Ave Greeley, CO 80634
Property Lookup
Property profile & analytics
1901 56Th Ave Greeley, CO 80634
- Office buildings
- 21,581 SF
- 1.39 lot acres
Property ID
US13-0599500
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.
Location Intelligence
Current Use by Public Records
- Cynthia Graham / Physician
- Kristen Holman / Physician
- Mercy Church / Church
- Jessica Bartholomew / Physician
- Talia Carbajal / Physician
Property Details for 1901 56Th Ave
- Year built
- 1996
- Lot size
- 1.39 lot acres
- Property size
- 21,581 SF
- Property type
- Office buildings
- APN
- R6905398
- APU
- R6905398
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,895,000
- 6.5%
- $4,520,000
- 7%
- $4,195,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,275,000
- AI Estimate
- $2,479,000
Market price range: $2.71M - $5.02MMarket price range: $1.44M - $5.09M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,975,000 Current use
- RETAIL STORES
- $4,455,000 Change: +12% Conversion: Moderate
- RESTAURANT
- $4,125,000 Change: +4% Conversion: Moderate
- MEDICAL BUILDING
- $3,600,000 Change: -9% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,405,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.771
- Latitude
- 40.4074
- 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
$65,058
$183,170
$629,680
$812,850
-
$656,524
$2,256,911
$2,913,435
