Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    611 18Th St Greeley, CO 80631
    Back to Search
    Property profile & analytics

    611 18Th St Greeley, CO 80631

    View on Map
    • Residential income homes
    Off-Market
    Property ID
    US13-2391261
    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

    • Residential income homes

    Property Details for 611 18Th St

    Year built
    1918
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents two charming, recently renovated duplexes located at 603 & 611 18th Street, Greeley, CO 80631. The property, situated on separate but adjacent parcels in Weld County, offers a combined total of two units. Originally constructed in 1918, these properties underwent a complete renovation in 2022, ensuring modern amenities and updated features for optimal rental income. New roofs were installed in 2020, adding to the property's longevity and reducing future maintenance costs. Each unit benefits from a two-story layout, providing ample living space for tenants. The asking price for this portfolio is $1,248,000, representing a price per unit of $624,000. This presents a compelling opportunity for investors seeking a strong return in a desirable Greeley location. The property's prime location and recent renovations make it an attractive investment, offering both immediate income potential and long-term appreciation prospects. The individual parcels allow for flexibility in ownership and management strategies. This is a rare opportunity to acquire a well-maintained, high-yield multifamily property in a thriving Colorado market.

    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
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.68801549814
    Latitude
    40.409935751593

    Comparable in this City

    • Contact for pricing
      4,914 SF

      Multifamily Property with RV Spaces

      Three homes, RV spaces, and storage on 2.5 acres.
      1550 E 18Th St, Greeley, CO 80631
      View Details
    • Contact for pricing

      University Area Triplex Investment

      Fully rented triplex near the University of Northern Colorado.
      2208 10Th St, Greeley, CO 80631
      View Details
    • $1,500,000
      10,692 SF

      Greeley Multifamily Investment Opportunity

      12-unit multifamily property in Greeley, Colorado.
      1817 28Th Street Rd, Greeley, CO 80631
      View Details

    Similar Nearby for Sale

    • $540,067

      Fully Rented Investment Property Near UNC

      Well-maintained 4-unit property near UNC with recent updates.
      1525 11Th St, Greeley, CO 80631
      View Details
    • $377,900

      Remodeled Duplex with Modern Finishes

      Updated duplex with separate meters, investment or owner-occupant potential.
      2015 5Th St, Greeley, CO 80631
      View Details
    • $650,000
      3,600 SF

      Turn-Key Triplex Near UNC

      Well-maintained triplex near UNC, ideal for house-hack or investment.
      1715 11Th Ave, Greeley, CO 80631
      View Details
    • $650,000

      Income Property Near UNC

      Turn-key triplex near UNC with strong income potential.
      1715 11Th St, Greeley, CO 80631
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Building in Historic Downtown

      Mixed-use property in downtown Greeley with retail/office and residential.
      922 8Th Ave, Greeley, CO 80631
      View Details
    • $934 /Mo
      700 SF

      Downtown Greeley Office/Retail Suite

      Updated office/retail suite with easy access and ample parking.
      918 13Th St, Greeley, CO 80631
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru in Greeley, Colorado.
      7008 10Th St, Greeley, CO 80631
      View Details
    • Contact for pricing
      2,160 SF

      Greeley Office Space For Rent

      2,160 SF former dentist office on 14th Street.
      902 14Th St, Greeley, CO 80631
      View Details
    • $12 SF/Yr
      3,996 SF

      Greeley Retail/Automotive Property For Rent

      Retail/automotive property with showroom and repair area available for rent.
      316 18Th St, Greeley, CO 80631
      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.
    611 18Th St
    Greeley, CO 80631
    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
    611 18Th St, Greeley, CO, 80631
    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!