Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3350 23Rd Ave Evans, CO 80620
    Back to Search
    Property profile & analytics

    3350 23Rd Ave Evans, CO 80620

    View on Map
    • Commercial real estate
    • 1.51 lot acres
    For Sale
    $394,650
    View Listing →
    Evans Commercial Land For Sale For Sale
    $394,650

    Evans Commercial Land For Sale

    Commercial land available on 23rd Avenue in Evans, Colorado.

    3350 23rd Avenue, Evans, CO 80620
    View Listing
    Property ID
    US13-2716221
    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

    • Commercial real estate

    Property Details for 3350 23Rd Ave

    Lot size
    1.51 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.51-acre commercial development site is ideally situated on the bustling 23rd Avenue corridor in Evans, Colorado, boasting a daily traffic count of 22,250 vehicles. Zoned for commercial use, this property presents a remarkable opportunity for businesses seeking high visibility and accessibility. The asking price is $394,650, translating to a land value of $6 per square foot. Its strategic location places it in close proximity to a variety of established businesses, including Sonic, Sam's Club, Walmart, Palominos, and The Human Bean, ensuring significant foot and vehicle traffic. Furthermore, its convenient access from 23rd Avenue and its proximity to Greeley Mall and Highway 34 provide unparalleled convenience and exposure. This property is perfect for a drive-through business and offers significant potential for growth and return on investment in a thriving commercial area of Weld County, Colorado, with the zip code 80620. The property is easily accessible via 23rd Ave. This is a rare opportunity to acquire a prime commercial lot in a high-demand location.

    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
    -104.714972
    Latitude
    40.382133

    Comparable in this City

    • 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
    • $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
    • Contact for pricing

      Evans, CO Platted Lots

      Three platted lots ready for development in Evans, Colorado.
      4611 Brantner Rd, Evans, CO 80620
      View Details
    • Contact for pricing

      Entitled Industrial Development Site

      Fully entitled 17-lot industrial development site in Evans, Colorado.
      42ND 17Th Ave, Evans, CO 80620
      View Details

    Similar Nearby for Sale

    • 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
    • $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
    • $394,650

      Evans Commercial Land For Sale

      Commercial land available on 23rd Avenue in Evans, Colorado.
      3350 23Rd Ave, Evans, CO 80620
      View Details
    • $571,072

      Commercial Lots off Highway 85

      Commercial lots available for sale with utilities in street.
      8 8Th Ave, Evans, CO 80620
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Evans Land Lease Opportunity

      Up to 13.4 acres available for lease in Evans, Colorado.
      239 35Th St, 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
    • $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
      4,673 SF

      Evans Specialty Property for Rent

      Specialty property available for rent in Evans, Colorado.
      3313 35Th Ave, Evans, 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.
    3350 23Rd Ave
    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

    Thank You for Inquiry
    3350 23Rd Ave, Evans, CO, 80620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!