Property profile

2021 Clubhouse Dr Greeley, CO 80634

FOR SALE
Commercial real estate
Property ID
US13-1019998
1.15 ac lot Built 1966
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 18,147 square foot medical office building, located at 2021 Clubhouse Drive in Greeley, Colorado, presents a compelling value-add investment opportunity. The property, built in 1962 and extensively renovated in 2022, is a Class B, two-story building situated on 1.2 acres. Currently housing three tenants across eight units with a 98% occupancy rate, the building offers strong cash flow. The asking price is $2,600,000, translating to $143.27 per square foot. The existing tenant lease expirations provide a strategic roadmap for future development. Smile Doctors' lease expires October 30, 2025, while Sears Real Estate's lease extends to December 31, 2031. A sublease with Colorado Early Education is in place until August 31, 2028. The property boasts attractive Class A office finishes, a new roof (installed in 2019), and a new parking lot (completed in 2020). Its location within Greeley's fastest-growing area ensures strong long-term potential. The previous condominiumization of the property into eight units offers a significant value-add opportunity for future owners seeking to attract smaller tenants. This property is an excellent investment for those seeking a stable, high-occupancy asset with significant upside potential in a thriving market. Weld County location and 80634 zip code.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1966
Lot 1.15 ac (50,007 SF)
APN R6778082
UPID US13-1019998

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
  • Real Estate Agency
  • Dental Office
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

2021 Clubhouse Dr Greeley, CO 80634
Greeley metro Census 1408 GREELEY, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2017
Price N/A

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
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message