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    708 8Th St Greeley, CO 80631

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    708 8Th St Greeley, CO 80631

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    • Office buildings
    • 910 SF
    • 0.08 lot acres
    For Sale
    $550,000
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    Restored Commercial Building with Parking For Sale
    $550,000
    0.08 Acres

    Restored Commercial Building with Parking

    Restored commercial building featuring modern upgrades and private parking.

    708 8th, Greeley, CO 80631
    View Listing
    Property ID
    US13-0539877
    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

    • Office buildings

    Property Details for 708 8Th St

    Year built
    1902
    Lot size
    0.08 lot acres
    Property size
    910 SF
    Property type
    Office buildings
    APN
    R2815986
    APU
    R2815986

    Description

    This 910-square-foot executive office space, located at 708 8th Street in Greeley, Colorado, presents a unique opportunity. Built in 1902, this historically significant building served as the administrative offices for the New Cache La Poudre Irrigation Company until the early 1990s. The property boasts a convenient downtown location with private parking, offering easy access to Highway 85 via 8th Street. Its proximity to the Greeley History Museum adds to its appeal. Ideal for a small office user, this property features a recently installed new membrane roof. The lot size is 3,676 square feet. The asking price for this well-situated, historically rich office space is $350,000. This is a rare chance to own a piece of Greeley's history while enjoying modern conveniences and a prime location.

    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
    -104.69
    Latitude
    40.4246
    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
    $2,660
    $8,200
    $31,150
    $39,350
    -
    $29,408
    $111,642
    $141,050

    Comparable in this City

    • Value Estimation by Request
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      1390 Holly Ave

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      1,568 SF

      2220 O St

      OFFICE BUILDING • 1,568 SF
      2220 O St, Greeley, CO 80631-9503
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    • Value Estimation by Request
      2,400 SF

      912 10th St

      OFFICE BUILDING • 2,400 SF
      912 10th St, Greeley, CO 80631
      View Details
    • Value Estimation
      $535,000
      4,000 SF

      1816 1st Ave

      OFFICE BUILDING • 4,000 SF
      1816 1st Ave, Greeley, CO 80631-5925
      View Details
    • Value Estimation by Request
      1,200 SF

      1907 1st Ave

      OFFICE BUILDING • 1,200 SF
      1907 1st Ave, Greeley, CO 80631-5926
      View Details
    • Value Estimation
      $855,000
      6,577 SF

      1503 2nd Ave

      OFFICE BUILDING • 6,577 SF
      1503 2nd Ave, Greeley, CO 80631-5938
      View Details

    Similar Nearby for Sale

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      Historical Hawes Building For Sale

      Historical Hawes Building in Downtown Greeley, built in 1903.
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    • Contact for pricing
      47,373 SF

      Greeley Warehouse with Drive-Thru Bays

      Commercial office, cold storage, and warehouse/distribution opportunity.
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    • $550,000

      Restored Commercial Building with Parking

      Restored commercial building featuring modern upgrades and private parking.
      708 8Th St, Greeley, CO 80631
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Greeley Warehouse with Yard Space

      Warehouse with offices, storage, overhead doors, and yard space.
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      700 SF

      Downtown Greeley Office/Retail Suite

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    • Contact for pricing
      2,160 SF

      Greeley Office Space For Rent

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    • $14 SF/Yr

      Versatile Greeley Commercial Space Available

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      View Details
    • Contact for pricing

      Industrial/Flex Space with Regional Connectivity

      Industrial/flex space with easy access to major highways.
      2626 8Th Ave, Garden City, CO 80631
      View Details
    View Listing
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    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.

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    708 8Th St, Greeley, CO, 80631

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