Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2916 Glen Dale Dr Evans, CO 80620

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2916 Glen Dale Dr Evans, CO 80620

    View on Map
    • Apartment buildings
    • 13,088 SF
    For Sale
    $2,100,000
    View Listing →
    Evans Multifamily Investment Opportunity For Sale
    $2,100,000
    13,088 SF

    Evans Multifamily Investment Opportunity

    18-unit apartment complex in Evans, Colorado.

    2916 Glendale Dr, Evans, CO 80620
    View Listing
    Property ID
    US13-0217397
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2916 Glen Dale Dr

    Year built
    1973
    Property size
    13,088 SF
    Property type
    Apartment buildings

    Description

    The Glendale Apartments is an 18 unit (3 – six unit buildings), value-add apartment complex located in Evans, CO. This well-maintained asset offers investors the opportunity to add additional value through a proven renovation strategy and acquire the property at a basis well below replacement cost. All 18 units are individually deeded, offering an investor additional flexibility on the backend.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Weld
    State
    Colorado
    Longitude
    -104.693021
    Latitude
    40.3896717

    Comparable in this City

    • $780,000

      Evans Multifamily Investment Opportunity

      Six-unit multifamily property in Evans, Colorado with value-add potential.
      2947 Glen Dale Dr, Evans, CO 80620
      View Details
    • $1,020,000

      Evans Multifamily Investment Opportunity

      Six-unit multifamily property in Evans, Colorado with value-add potential.
      3032 Denver St, Evans, CO 80620
      View Details
    • $2,100,000

      Evans Multifamily Investment Opportunity

      Well-maintained 18-unit property near the University of Northern Colorado.
      2916-2924 Glen Dale Dr, Evans, CO 80620
      View Details
    • $850,000

      Versatile 2.2-Acre Redevelopment Opportunity

      2.2-acre property with redevelopment potential including multiple existing structures.
      3202 Carson Ave, Evans, CO 80620
      View Details
    • Contact for pricing

      Evans Land Retail Opportunity

      Land available for sale in Evans, Colorado.
      625 31St St, Evans, CO 80620
      View Details
    • $630,000

      Prime Commercial Lot For Sale

      1.3 acre commercial lot in fast-growing Greeley/Evans corridor.
      3279 47Th Ave, Evans, CO 80620
      View Details

    Similar Nearby for Sale

    • $780,000

      Evans Multifamily Investment Opportunity

      Six-unit multifamily property in Evans, Colorado with value-add potential.
      2947 Glen Dale Dr, Evans, CO 80620
      View Details
    • $1,020,000

      Evans Multifamily Investment Opportunity

      Six-unit multifamily property in Evans, Colorado with value-add potential.
      3032 Denver St, Evans, CO 80620
      View Details
    • $2,100,000

      Evans Multifamily Investment Opportunity

      Well-maintained 18-unit property near the University of Northern Colorado.
      2916-2924 Glen Dale Dr, Evans, CO 80620
      View Details
    • $850,000

      Versatile 2.2-Acre Redevelopment Opportunity

      2.2-acre property with redevelopment potential including multiple existing structures.
      3202 Carson Ave, Evans, CO 80620
      View Details
    • $315,396

      Commercial Lots off Highway 85

      Commercial lots available for sale off Highway 85.
      3020 Denver St, Evans, CO 80620
      View Details
    • Contact for pricing

      Commercial Land at Lighted Intersection

      Commercial land for sale at a lighted intersection.
      3004 37Th St, Evans, CO 80620
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      1,280 SF

      Evans Retail Space For Lease

      Prime retail space with drive-thru, patio, and tenant improvement allowance.
      3308 37Th St, Evans, CO 80620
      View Details
    • Contact for pricing
      350,000 SF

      Greeley Warehouse Distribution Center

      350,000 SF warehouse/distribution center in High Point Business Park.
      2100 115Th Ave, Greeley, CO 80620
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent in Evans, Colorado.
      3215 23Rd Ave, Evans, CO 80620
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      18-acre site with high visibility and planned amenities.
      37Th St, Evans, CO 80620
      View Details
    • $13 SF/Yr
      2,400 SF

      Restaurant/Bar Space Available for Lease

      Turn-key restaurant/bar opportunity in a highly visible Evans, CO location.
      3603-3633 23Rd Ave, Evans, CO 80620
      View Details
    • $14 SF/Yr
      10,633 SF

      Greeley Flex Space Available

      Flex space featuring oversized doors and ESFR sprinklers for rent.
      2211 115Th Ave, Greeley, CO 80620
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2916 Glen Dale Dr
    Evans, CO 80620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!