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

    940 9th Ave, Unit 1 Greeley, CO 80631-1114

    • Retail space
    • 2,470 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0857322
    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

    • Aunt Helen's Express / Coffee Shop
    • Points West Community Bank / Financial Institution

    Property Details for 940 9th Ave

    Year built
    1908
    Lot size
    0.03 lot acres
    Property size
    2,470 SF
    Property type
    Retail space
    APN
    R0069189
    APU
    R0069189

    Description

    This exceptional 778-square-foot commercial property, located at 940 9th Avenue in Greeley, Colorado, presents a fantastic opportunity for a single-tenant retail or restaurant business. Situated in Weld County, this property boasts a convenient location with excellent visibility and accessibility. The entire space is currently vacant, offering immediate occupancy for a new tenant. The property is classified as a retail or restaurant space, making it ideal for a variety of businesses. The address is 940 9th Ave, Greeley, CO 80631. The property's geographic coordinates are latitude 40.4227 and longitude -104.6923687. This single-tenant space offers a blank canvas for a business to establish its presence in a thriving community. The building's total square footage is 778 square feet, providing ample space for a variety of retail or restaurant concepts. The property is available for lease, presenting a unique opportunity for businesses seeking a well-located and readily available space in Greeley, Colorado. This is a single-tenant occupancy, ensuring exclusive use of the entire space. The property is ready for immediate occupancy, allowing for a quick and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this prime location offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $410,000
      Market price range: $250k - $528k
      AI Estimate
      $262,000
      Market price range: $116k - $378k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $380,000
      Current use
      OFFICE BUILDING
      $455,000
      Change: +20% Conversion: Easy
      MEDICAL BUILDING
      $410,000
      Change: +9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $390,000
      Change: +3% Conversion: Easy
      WAREHOUSE, STORAGE
      $355,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.692
    Latitude
    40.4227
    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
    $6,203
    $2,790
    $77,820
    $80,610
    -
    $10,000
    $278,920
    $288,920

    Comparable in this City

    • Value Estimation
      $325,000
      5,100 SF

      1115 8th Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,100 SF
      1115 8th Ave, Greeley, CO 80631-4009
      View Details
    • Value Estimation
      $255,000
      1,757 SF

      800 9th Stc1

      RETAIL STORES (PERSONAL SERVICES) • 1,757 SF
      800 9th Stc1, Greeley, CO 80631-1171
      View Details
    • Value Estimation
      $325,000
      2,144 SF

      206 13th St

      RETAIL STORES (PERSONAL SERVICES) • 2,144 SF
      206 13th St, Greeley, CO 80631
      View Details
    • Value Estimation
      $655,000
      3,151 SF

      827 10th St Sta, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 3,151 SF
      827 10th St Sta, Greeley, CO 80631-1115
      View Details
    • Value Estimation
      $300,000
      1,880 SF

      906 10th St

      RETAIL STORES (PERSONAL SERVICES) • 1,880 SF
      906 10th St, Greeley, CO 80631-1118
      View Details
    • Value Estimation
      $305,000
      1,624 SF

      329 8th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,624 SF
      329 8th Ave, Greeley, CO 80631-2333
      View Details

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    Similar Nearby for Lease

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      Retail Space in Hillside Center

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    • Contact for pricing
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      Retail Suites in Community Center

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      Retail Space in Hillside Center

      2,870 SF retail space available in October 2026.
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      Retail suites available in a strong community center.
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      View Details
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    Greeley, CO 80631-1114
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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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