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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Retail space
3000 23rd Ave Greeley, CO 80631-8786
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0859382
Property summary
AI-generated overview
This exceptional 1,327 square foot retail space is available for lease in Greeley, Colorado. Located at 3000 S 23rd Ave, this single-tenant property boasts high visibility, making it an ideal location for a variety of businesses. The entire 1,327 square feet is currently vacant and ready for immediate occupancy. Situated in Weld County, this property offers convenient access to major roadways and a thriving local community. The property is classified as commercial retail and presents a fantastic opportunity for businesses seeking a prominent location with ample space. The address is easily accessible and benefits from high traffic volume, ensuring maximum exposure for your business. This space is perfect for a retailer looking to establish a strong presence in a growing market. The property's single-tenant occupancy ensures complete control and flexibility for the lessee. Interested parties are encouraged to inquire further to explore the leasing possibilities and secure this prime retail location in Greeley, Colorado, zip code 80631. The property's latitude and longitude coordinates are 40.3908731, -104.7158887 respectively.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Total area
14,344 SF
Lot
1.29 ac (56,062 SF)
APN
R3760486
UPID
US13-0859382
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
-
Northern Colorado Cell Repair Tech Support Center (Bike/Boat/Book/etc) Store
-
Pho Duy Restaurant
-
Hot Wok Express Restaurant
-
Asian Market Specialty Food Shop Supermarket
-
Karen Asian Market LLC Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.89M
Owner & transaction history
Foster & Foster South Center LLC · 2 yrs held
Foster & Foster South Center LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+24.6%
Office building
$2.6M
+19.6%
Medical building
$2.4M
+8.8%
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%
$2,700,000
6.5%
$2,495,000
7%
$2,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,200,000
Current use
RESTAURANT
$2,745,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$2,630,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$2,395,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,265,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,055,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±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
$132 / 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
$30,068
Tax year 2023
Assessed value
$380,190
Assessed 2023
Previous assessed
$380,190
+0.0% YoY
Effective rate
7.91%
On assessed value
Assessed land
$187,640
Assessed improvement
$192,550
Land market value
$672,528
Improvement market value
$690,152
Total market value
$1,362,680
Applied tax rate
4,049.0000
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
1986
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
14,344 SF
Lot
1.29 ac (56,062 SF)
APN
R3760486
UPID
US13-0859382
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
$2.2M
RESTAURANT
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
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
1986
Heating
YES
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Foster & Foster South Center LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1250 49TH AVE, GREELEY, CO 80634-2208
Ownership since
2024
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
Jan 5, 2024
—
Foster & Foster South Center LLC
Foster & Foster South Center LLP
Warranty 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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