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Property profile & analytics
OFF-MARKET
Estimated value
$23,775,000
Office buildings
2115 117th Ave Greeley, CO 80634-4754
Entity Owned
15-yr Hold
Free & Clear
Property ID
US13-1226249
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
141,480 SF
Lot
22.93 ac (998,744 SF)
APN
R6779572
UPID
US13-1226249
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
-
Noble Energy Corporate Office
-
Chevron Corporation Fuel Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.62M
Comparable Approach
Comparable
$23.74M
Blend (final)
Blend
$23.78M
Owner & transaction history
Noble Energy INC · 15 yrs held
Noble Energy INC
since 2011
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$29.2M
+12.0%
Restaurant
$27.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,090,000
6.5%
$29,620,000
7%
$27,505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$26,065,000
Current use
RETAIL STORES
$29,200,000
Change: +12% · Conversion: Moderate
RESTAURANT
$27,050,000
Change: +4% · Conversion: Moderate
MEDICAL BUILDING
$23,605,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$22,335,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$23.78M
Range $21.40M – $26.15M · ±10%
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
$168 / 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
$464,607
Tax year 2023
Assessed value
$5,891,260
Assessed 2023
Previous assessed
$5,891,260
+0.0% YoY
Effective rate
7.89%
On assessed value
Assessed land
$891,680
Assessed improvement
$4,999,580
Land market value
$3,195,980
Improvement market value
$17,919,645
Total market value
$21,115,625
Applied tax rate
446.0000
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
2011
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
141,480 SF
Lot
22.93 ac (998,744 SF)
APN
R6779572
UPID
US13-1226249
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
$26.1M
RETAIL STORES
Est. value
$29.2M
RESTAURANT
Est. value
$27.1M
MEDICAL BUILDING
Est. value
$23.6M
COMMERCIAL (GENERAL)
Est. value
$22.3M
OFFICE BUILDING Current
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
2011
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
22.93 ac
Current owner
From public records · entity-resolved
Noble Energy INC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 285, HOUSTON, TX 77001-0285
Ownership since
2011
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
Feb 11, 2011
$2,247,344
Noble Energy INC
Golden Eye Investments LLC
Grant Deed
—
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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