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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    611 18Th St Greeley, CO 80631

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    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 valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.68801549814
    Latitude
    40.409935751593

    Comparable in this City

    • $1,200,000
      4,914 SF

      Greeley Multifamily Portfolio

      Three-unit rental property, high NOI.
      1550 18Th St, Greeley, CO 80631
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      Greeley Multifamily Investment

      3-Unit Apartment Building, High Cap Rate
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    • New
      $385,000
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      Remodeled Duplex with Income Potential

      Fully remodeled duplex with separate meters, ideal for investors.
      2015 5Th Ave, Greeley, CO 80631
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    • $650,000
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      Greeley Triplex Near UNC

      Turn-key triplex near UNC with income potential and detached garage.
      1715 11Th Ave, Greeley, CO 80631
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    • $1,525,000
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      Greeley Motel: 16 Rooms

      Boutique Motel, Owner Financing Available
      105 8Th Ave, Greeley, CO 80631
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    • $89,000
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      Modern Mobile Home in Greeley

      Three-bedroom, two-bathroom mobile home with modern finishes and ample parking.
      2700 W C St W, Greeley, CO 80631
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    Similar Nearby for Sale

    • $1,200,000
      4,914 SF

      Greeley Multifamily Portfolio

      Three-unit rental property, high NOI.
      1550 18Th St, Greeley, CO 80631
      View Details
    • $650,000
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      Greeley Multifamily Investment

      3-Unit Apartment Building, High Cap Rate
      1825 7Th Ave, Greeley, CO 80631
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    • $1,500,000

      Modern 8-Unit Multifamily Property

      Well-maintained 8-unit property with garages and storage units.
      229 15Th St, Greeley, CO 80631
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    • $245,000

      Greeley Triplex For Sale

      Low-maintenance triplex in Greeley, close to parks and amenities.
      316 11Th Ave, Greeley, CO 80631
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    • $369,900
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      Spacious College Rental Near Campus

      Well-maintained income property near UNC with strong rental history.
      2107 9Th Ave, Greeley, CO 80631
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    • Contact for pricing
      63,936 SF

      University Towers Multifamily Investment Opportunity

      59-unit multifamily property near Lincoln Park and Hwy 85.
      609 8Th Ave, Greeley, CO 80631
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    Similar Nearby for Lease

    • $14 SF/Yr
      1,544 SF

      Office Space For Lease

      Office space available in well-maintained business complex.
      2985-3005 W 29Th St, Greeley, CO 80631
      View Details
    • Contact for pricing
      1,660 SF

      Retail Suites in Community Center

      Retail suites available in a strong community center.
      2644 11Th Ave, Greeley, CO 80631
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    • $18 SF/Yr
      3,800 SF

      Retail/Restaurant Space in Greeley, CO

      Retail/Restaurant space in high demand location near developing Downtown Greeley.
      1607 2Nd Ave, Greeley, CO 80631
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    • $1,250,000
      8,064 SF

      Warehouse with Fenced Yard

      Warehouse with fenced yard and convenient highway access for lease.
      2419 6Th Avenue Ln, Greeley, CO 80631
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    • $14 SF/Yr

      Prime Location Near University of Northern Colorado

      High-traffic commercial space near UNC with flexible layouts and parking.
      807 17Th St, Greeley, CO 80631
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    • $15 SF/Yr
      8,942 SF

      Greeley Retail Space For Lease

      Prime Greeley location, multiple suites available.
      807 17Th St, Greeley, CO 80631
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    611 18Th St
    Greeley, CO 80631
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    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
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