617 6Th St Greeley, CO 80631
Property profile & analytics
617 6Th St Greeley, CO 80631
- Warehouses
- 16,128 SF
- 1.69 lot acres
Property ID
US13-0912691
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.
Location Intelligence
Current Use by Public Records
- Martin Produce Co / Food Market / Specialty Food Shop
Property Details for 617 6Th St
- Year built
- 1966
- Lot size
- 1.69 lot acres
- Property size
- 16,128 SF
- Property type
- Warehouses
- APN
- R8048600
- APU
- R8048600
Description
This exceptional Greeley, CO industrial property presents a compelling investment opportunity. The portfolio comprises three buildings totaling 36,897 square feet of net rentable space on a 73,616 square foot lot, zoned I-M. The buildings, constructed between 1892 and 1982 with renovations in 1982, feature a mix of warehouse and refrigerated cold storage space. Building features include 6 loading docks, 4 dock-high doors, and ceiling heights reaching 23 feet. Currently, two tenants occupy the space under a net lease agreement with annual 3% rent bumps. Tenant 1 leases 8,784 square feet on a month-to-month basis, while Tenant 2 occupies 20,147.14 square feet until February 28, 2026, then 18,334 square feet. Approximately 7,965.86 square feet is available for owner-occupancy, offering significant flexibility. The property boasts 25 parking spaces and benefits from a strong pro-forma cap rate of 7.18% and NOI of $287,333. The asking price is $4,000,000, representing a price per square foot of $108.41 and a price per unit of $1,333,333.33. The property is ideally suited for a 1031 exchange. The current lease term is 1.3 years, commencing November 1, 2024. The property includes 1,000 AMP 3-phase power. Three water wells are permitted on the site, although two are abandoned and one is inactive.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,255,000
- ML approach
- $3,070,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,000,000
- 6.5%
- $2,770,000
- 7%
- $2,570,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,267,000
- AI Estimate
- $1,974,000
Market price range: $969k - $3.27MMarket price range: $599k - $1.97M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,310,000 Current use
- RESTAURANT
- $3,085,000 Change: +33% Conversion: Difficult
- OFFICE BUILDING
- $2,960,000 Change: +28% Conversion: Difficult
- MEDICAL BUILDING
- $2,690,000 Change: +16% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,545,000 Change: +10% Conversion: Difficult
- RETAIL STORES
- $2,475,000 Change: +7% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.688
- Latitude
- 40.4279
- 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
$80,396
$107,880
$784,810
$892,690
-
$386,652
$2,812,924
$3,199,576
