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Property profile & analytics
OFF-MARKET Estimated value $1,775,000
Warehouses

481 Gregg Dr Buena Vista, CO 81211-9275

11,050 SF 5.47 ac lot Built 2016
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US13-1710803
Property summary
AI-generated overview

This exceptional investment opportunity presents a 11,050-square-foot, free-standing industrial building in Buena Vista, Colorado. The property is currently 100% occupied by FedEx Ground under a net lease with 2.5 years remaining on the initial 10-year term, followed by two 5-year options with 10% rent increases. Built in 2017, this build-to-suit facility boasts a strong 8.03% cap rate and a substantial net operating income (NOI) of $164,569. Situated on a 5.47-acre lot zoned I-1, the property features 20-22 foot clear ceiling heights, eight grade-level loading doors, and two dock-high doors, making it ideal for distribution and warehouse operations. The property's strategic location along Gregg Drive, just off Highway 24, provides excellent access to central Colorado. The building is constructed of metal and includes fenced trailer parking. This is a rare opportunity to acquire a high-quality, net-leased industrial property anchored by a creditworthy tenant with a long-term lease and significant growth potential. The property's strong financials, coupled with the tenant's robust financial performance and long-term commitment, make this an attractive investment for discerning buyers. The APN is R327120100154.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2016
Total area 11,050 SF
Lot 5.47 ac (238,273 SF)
APN R327120100154
UPID US13-1710803
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
  • FedEx Ground Trucking Company
  • FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$1.78M
Owner & transaction history
East E Street Realty LLC · 1 yrs held
East E Street Realty LLC
since 2025
5 recorded transactions
2025
Price N/A
2023
Price N/A
2017
$2.7M
2016
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.7M +77.3%
Commercial (general) $1.8M +18.2%
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