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    Property profile & analytics

    244 Dundee Ave Greeley, CO 80634

    • Warehouses
    • 88,706 SF
    • 12.09 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Last Sale
    May 13, 2021
    $8,500,000
    Value Estimations
    $9,095,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0783078
    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

    • Warehouses

    Property Details for 244 Dundee Ave

    Year built
    1994
    Lot size
    12.09 lot acres
    Property size
    88,706 SF
    Property type
    Warehouses
    APN
    R7083798
    APU
    R7083798

    Description

    This exceptional Greeley, CO industrial property offers a versatile space ideal for various business needs. Located at 244 Dundee Ave, this Class B building boasts a total of 88,000 square feet, with 63,187 square feet currently available for lease in contiguous blocks as small as 10,000 square feet. The property features a single story design with impressive 15-20 foot ceiling heights, facilitating efficient use of space. Access is convenient with two drive-in doors and two dock-high doors (additional doors may be available). The building is fully equipped with a fire sprinkler system and offers ample power at 800 amps of 277/480. The property also includes a substantial 6.6-acre yard and 511 parking spaces, ensuring ample room for operations and employee parking. Column spacing is 30'x50' and 40'x40'. The property benefits from a newer roof and a climate-controlled warehouse/office area. Its zoning is I-L, and the property is strategically located between I-25 and Greeley, offering excellent access to major transportation routes. This property is suitable for flex, manufacturing, warehouse, R&D, distribution, and traditional office uses. The 12.09-acre lot provides significant expansion potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,095,000
      ML approach
      $8,330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,108,000
      Market price range: $6.18M - $17.8M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.796
    Latitude
    40.4314
    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
    $192,085
    $293,790
    $2,077,710
    $2,371,500
    -
    $1,053,020
    $7,446,980
    $8,500,000

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      1st Ave & Hwy

      Distribution properties • 1,500 SF
      1st Ave & Hwy, Greeley, CO 80634
      View Details
    • Value Estimation by Request
      768 SF

      5880 11th St

      WAREHOUSE, STORAGE • 768 SF
      5880 11th St, Greeley, CO 80634-4805
      View Details
    • Value Estimation
      $525,000
      17,280 SF

      3546 29th St

      MINI-WAREHOUSE, STORAGE • 17,280 SF
      3546 29th St, Greeley, CO 80634-9019
      View Details
    • Value Estimation
      $265,000
      915 SF

      2329 10th St

      WAREHOUSE, STORAGE • 915 SF
      2329 10th St, Greeley, CO 80634-3527
      View Details
    • Value Estimation
      $275,000
      10,836 SF

      Greeley, CO 80634

      WAREHOUSE, STORAGE • 10,836 SF
      Greeley, CO 80634
      View Details
    • Value Estimation
      $1,345,000
      7,875 SF

      6340 10th St

      WAREHOUSE, STORAGE • 7,875 SF
      6340 10th St, Greeley, CO 80634-9752
      View Details

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    Similar Nearby for Lease

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      Greeley Flex Space Available

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    • $7 SF/Yr
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      Greeley Industrial Space Available

      Flex space, warehouse, office: 10,000-63,187 SF
      244 Dundee Ave, Greeley, CO 80634
      View Details
    • $14 SF/Yr
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      Warehouse Space Available Q4 2026

      Warehouse space for rent, estimated delivery Q4 2026.
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      Modern Flex Space in Greeley, CO

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      Greeley Retail Space Available

      11,178 SF retail space available in Greeley, Colorado.
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      View Details
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    Greeley, CO 80634
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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