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    FOR SALE
    Office buildings

    1901 56Th Ave, Greeley, CO 80634

    21,581 SF 1.39 ac lot Built 1996
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cynthia Graham Physician
    • Kristen Holman Physician
    • Mercy Church Church
    • Jessica Bartholomew Physician
    • Talia Carbajal 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
    $3.43M
    Owner & transaction history
    190156 LLC · 6 yrs held
    190156 LLC
    since 2019
    7 recorded transactions
    2019
    $3.0M
    2016
    2014
    2006
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $4.5M +12.0%
    Restaurant $4.1M +3.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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