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Property profile & analytics
FOR SALE
Warehouses
3026 1St Ave Greeley, CO 80631
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0957755
For Sale
1 / 2
$1,242,857
3026 1St Ave, Greeley, CO 80631
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
6,000 SF
Lot
0.58 ac (25,221 SF)
APN
R6775841
UPID
US13-0957755
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
-
Mountain States Casing Company, LLC Oilfield
-
TE3CO Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$780k
Owner & transaction history
1st Avenue Investments LLC · 2 yrs held
1st Avenue Investments LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+33.5%
Office building
$1.1M
+28.1%
Medical building
$1.0M
+16.5%
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%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$860,000
Current use
RESTAURANT
$1,145,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$920,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$130 / 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
$19,630
Tax year 2023
Assessed value
$251,100
Assessed 2023
Previous assessed
$251,100
+0.0% YoY
Effective rate
7.82%
On assessed value
Assessed land
$24,630
Assessed improvement
$226,470
Land market value
$88,274
Improvement market value
$811,726
Total market value
$900,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1999
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,000 SF
Lot
0.58 ac (25,221 SF)
APN
R6775841
UPID
US13-0957755
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
WAREHOUSE, STORAGE Current
Est. value
$860,000
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES
Est. value
$920,000
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
1st Avenue Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
370 E 16TH ST, GREELEY, CO 80631-6011
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
1st Avenue Investments LLC
Steven P Chavez
Quitclaim Deed
related
—
Aug 27, 2019
$825,000
Steven Chavez
Sterling Black Gold LLC
Grant Deed
$618,750 · First Farmbank
Jan 30, 2017
—
Sterling Black Gold LLC
—
Trustees Deed
related
$200,000 · Bank Of Co
Jan 27, 2010
$215,000
Sterling Black Gold LLC
Owner Name Unavailable
Warranty Deed
related
—
Sep 21, 2007
—
Clarkson Land LLC
Lifestyle Homes INC
Quit Claim Deed
related
$300,000 · First Community Bank
Sep 6, 2006
$400,000
Lifestyle Homes INC
Schneider,gary
Warranty Deed
$303,968 · Regions Bank
—
—
Sterling Black Gold LLC
—
Deed Of Trust
related
$425,513 · Bank Of Co
—
—
Gary Schneider
—
Deed Of Trust
related
$173,368 · New Frontier Bank
—
—
Sterling Black Gold LLC
—
Deed Of Trust
related
$550,000 · Allen Mitchek
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.
Try Rey
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