Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4514 Centerplace Dr Greeley, CO 80634-3747

    • Turn key restaurants
    • 6,664 SF
    • 1.29 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2024
    $3,454,900
    Value Estimations
    $3,455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1074504
    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

    • Donatos Pizza / Restaurant
    • Red Robin Gourmet Burgers and Brews / Restaurant

    Property Details for 4514 Centerplace Dr

    Year built
    2003
    Lot size
    1.29 lot acres
    Property size
    6,664 SF
    Property type
    Turn key restaurants
    APN
    R2134203
    APU
    R2134203

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,455,000
      ML approach
      $3,455,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.751
    Latitude
    40.3928
    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
    $52,214
    $204,500
    $446,240
    $650,740
    -
    $732,966
    $1,599,434
    $2,332,400

    Comparable in this City

    • Value Estimation
      $945,000
      4,479 SF

      2918 67th Ave Ste, Unit 100

      RESTAURANT • 4,479 SF
      2918 67th Ave Ste, Greeley, CO 80634-9635
      View Details
    • Value Estimation
      $1,415,000
      8,133 SF

      2473 28th St

      RESTAURANT • 8,133 SF
      2473 28th St, Greeley, CO 80634-8011
      View Details
    • Value Estimation by Request
      5,258 SF

      5250 9th St Dr

      RESTAURANT • 5,258 SF
      5250 9th St Dr, Greeley, CO 80634-4433
      View Details
    • Value Estimation by Request
      4,700 SF

      2514 46th Ave

      RESTAURANT • 4,700 SF
      2514 46th Ave, Greeley, CO 80634-3760
      View Details
    • Value Estimation by Request
      2,802 SF

      2439 10th St

      RESTAURANT • 2,802 SF
      2439 10th St, Greeley, CO 80634-3528
      View Details
    • Value Estimation by Request
      5,125 SF

      921 30th Ave

      RESTAURANT • 5,125 SF
      921 30th Ave, Greeley, CO 80634-5119
      View Details

    Similar Nearby for Sale

    • $2,200,000
      2,060 SF

      Verizon Store Investment Opportunity

      Partially developed pad site in desirable shopping center.
      6904 W 10Th St, Greeley, CO 80634
      View Details
    • Contact for pricing

      Greeley Retail Pad Site

      Retail pad site for ground lease or sale in Greeley.
      2700 W 10Th St, Greeley, CO 80634
      View Details
    • $730,000
      0.86 Acres

      Greeley Retail Land - $730K

      Prime Greeley location, high traffic, permit-ready.
      4th 35Th Ave, Greeley, CO 80634
      View Details
    • $525,000
      1,500 SF

      Greeley Retail Building - $525K

      Prime Greeley retail space, 1500 sq ft, 24 parking spaces.
      2800 10Th St, Greeley, CO 80634
      View Details
    • $415,000
      1,500 SF

      Retail Property in Greeley, Colorado

      Retail property for sale with 1,500 square feet of space.
      2800 W 10Th St, Greeley, CO 80634
      View Details
    • Contact for pricing
      34,750 SF

      Greeley Downtown Business District Property

      Located in Greeley's downtown business district with paved lot.
      822 8Th Street Rd, Greeley, CO 80634
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,000 SF

      Prime Greeley Retail Space

      Drive-Thru Ready, High-Traffic Location
      0 Promontory Pkwy, Greeley, CO 80634
      View Details
    • $25 SF/Yr
      10,449 SF

      Greeley Executive Office Space

      Prime Greeley location, flexible suites available.
      1701 23Rd Ave, Greeley, CO 80634
      View Details
    • $30 SF/Yr
      1,519 SF

      Restaurant Space in Hillcrest Center

      Full-service restaurant space available for lease in West Greeley.
      5750 W 10Th St, Greeley, CO 80634
      View Details
    • Contact for pricing

      Retail Buildings with Drive-Thru

      Two proposed retail buildings with drive-thru, divisible to 1,000 SF.
      11701 West 24Th Street Rd, Greeley, CO 80634
      View Details
    • $8 SF/Yr
      82,764 SF

      Greeley Commercial Space For Lease

      Versatile commercial space suitable for office, retail, and more.
      5800 W 18Th St, Greeley, CO 80634
      View Details
    • $15 SF/Yr
      7,013 SF

      Greeley Retail/Office Space Available

      Retail or office spaces in high-traffic Greeley location.
      2627 W 10Th St, Greeley, CO 80634
      View Details
    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.
    4514 Centerplace Dr
    Greeley, CO 80634-3747
    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!