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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Retail space
2401 8th Ave, Greeley, CO 80631-7034
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0151428
Property summary
AI-generated overview
This exceptional retail property at 2401 8th Avenue in Greeley, Colorado, presents a unique investment opportunity. The building, totaling 4,088 square feet, sits on a 0.332-acre lot and is zoned C-H by the City of Greeley. Currently operating as a liquor store, this location offers significant potential for continued success in the same industry or conversion to another suitable retail use. The property's prime corner location along 8th Avenue ensures high visibility and accessibility, attracting substantial foot and vehicle traffic. The building includes two convenient drive-thru windows, a valuable asset for streamlining operations and enhancing customer convenience. Fixtures, furniture, and equipment (F, F, & E) are available for purchase separately, providing a seamless transition for a new owner. The asking price for the real estate is $995,000. This is a real estate sale only
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Total area
4,088 SF
Lot
0.33 ac (14,462 SF)
APN
R3530886
UPID
US13-0151428
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
-
Mardi Gras Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$698k
Blend (final)
Blend
$770k
Owner & transaction history
Mardi Gras Properties LLC · 5 yrs held
Mardi Gras Properties LLC
since 2020
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$750,000
+19.6%
Medical building
$680,000
+8.8%
Commercial (general)
$645,000
+2.9%
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
$850,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
RETAIL STORES
$625,000
Current use
OFFICE BUILDING
$750,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$680,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$585,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $800k (Dec 24 2025)
Last sale anchor
$800k
Dec 24 2025
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
$188 / 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
$10,391
Tax year 2023
Assessed value
$136,870
Assessed 2023
Previous assessed
$136,870
+0.0% YoY
Effective rate
7.59%
On assessed value
Assessed land
$28,200
Assessed improvement
$108,670
Land market value
$101,066
Improvement market value
$389,494
Total market value
$490,560
Applied tax rate
600.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,088 SF
Lot
0.33 ac (14,462 SF)
APN
R3530886
UPID
US13-0151428
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
RETAIL STORES Current
Est. value
$625,000
OFFICE BUILDING
Est. value
$750,000
MEDICAL BUILDING
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$585,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1967
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Mardi Gras Properties LLC
Entity
Mailing address
2401 8TH AVE, GREELEY, CO 80631-7034
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2020
—
Mardi Gras Properties LLC
Daen Manriquez
Quit Claim Deed
related
—
Apr 5, 2011
—
Daen Manriquez
Mardi Gras Properties LLC
Quit Claim Deed
related
—
—
—
Daen Manriquez
—
Deed Of Trust
related
$445,455 · Firstbank NA
—
—
Mardi Gras Properties LLC
—
Deed Of Trust
related
$415,000 · Bank Of Choice
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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