Property profile & analytics
2400 16th St Greeley, CO 80634-6067
- Medical Office Space
- 33,293 SF
- 3.27 lot acres
OFF-MARKET
Value Estimations
$1,720,000
Show details
Cap Rate Potential
3.9%
Medical Office Space
Location Intelligence
Property ID
US13-0085402
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.
Current Use by Public Records
- Smiles 4 Kids / Dental Office
- NoCo Gymnastics / Gym & Fitness Center
- Aspire Fitness / Gym & Fitness Center
- Sonya Villareal / Dental Office
- Amy Schrader / Dental Office
Property Details for 2400 16th St
- Year built
- 1976
- Lot size
- 3.27 lot acres
- Property size
- 33,293 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- R3919505
- APU
- R3919505
Description
This exceptional 32,672-square-foot shopping center in Greeley, Colorado, presents a compelling value-add investment opportunity. Located at 2400 W 16th St, 80634, this single-story, 1-building property boasts a 100% occupancy rate with four tenants. The property, built in 1976 and renovated in 2005, sits on a 142,344-square-foot lot zoned C-H. The current Net Operating Income (NOI) is $373,961, yielding an 8.50% cap rate, with an asking price of $4,400,000 ($134.67/sq ft). The tenant mix includes service-based businesses, offering resilience to online competition. Its prime location in a rapidly growing area of Greeley, near the North Colorado Medical Center, provides significant potential for future growth and synergy. This property benefits from its central Greeley location within a premier retail trade area and a family-friendly tenant mix. The property is offered below replacement cost, presenting a strong value proposition for investors seeking a stable, income-producing asset with upside potential. The lease type is NNN, and there is no credit rating available for the tenants.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,994,000
Market price range: $1.79M - $4.61M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.718
- Latitude
- 40.4132
- 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
$96,976
$137,010
$1,070,520
$1,207,530
-
$491,087
$3,837,003
$4,328,090
