Property profile & analytics
825 31st St Evans, CO 80620-1506
- Retail space
- 7,772 SF
- 0.53 lot acres
OFF-MARKET
Value Estimations
$1,290,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US13-2688287
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
- Retail space
Property Details for 825 31st St
- Year built
- 2001
- Lot size
- 0.53 lot acres
- Property size
- 7,772 SF
- Property type
- Retail space
- APN
- R0847501
- APU
- R0847501
Description
This exceptional 7,772 square foot storefront retail property, located at 825 31st St, Evans, CO 80620, presents a unique owner-user investment opportunity. Built in 2001, this single-story building sits on a 0.53-acre lot and is zoned 85-RC-R. Previously occupied by a Family Dollar, the property is currently vacant, with an occupancy date of July 22, 2024. The asking price is $1,550,000, translating to $199.43 per square foot. A significant advantage is the inclusion of income-producing mineral rights, adding a passive income stream to this already attractive investment. The property benefits from its strategic location off US Highway 85 and its adjacency to a new Maverik gas station, ensuring high visibility and accessibility. The Greeley MSA's status as one of the nation's fastest-growing markets further enhances the property's long-term potential. This turnkey opportunity includes existing fixtures, fittings, and equipment (FF&E), minimizing upfront investment and allowing for a swift transition to operation. The property's size and location make it ideal for a variety of retail uses, capitalizing on the area's robust growth and strong consumer base. Don't miss this chance to acquire a high-value, income-generating asset in a thriving Colorado market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,465,000
- 6.5%
- $1,350,000
- 7%
- $1,255,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,525,000
- AI Estimate
- $997,000
Market price range: $804k - $1.95MMarket price range: $315k - $1.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,335,000 Current use
- RESTAURANT
- $1,485,000 Change: +11% Conversion: Easy
- OFFICE BUILDING
- $1,425,000 Change: +7% Conversion: Easy
- MEDICAL BUILDING
- $1,295,000 Change: -3% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,270,000 Change: -5% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,125,000 Change: -16% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Evans
- County
- Weld
- State
- Colorado
- Longitude
- -104.692
- Latitude
- 40.385
- 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
$25,975
$68,030
$233,400
$301,430
-
$243,842
$836,559
$1,080,401
