2528 16Th StGreeley, CO 80634

Property Details for 2528 16Th St

Year built

1972

Lot size

0.66 AC

Property size (Sq ft)

4,825 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

R2295086

APU

R2295086

Description

This exceptional 4,825-square-foot medical office building presents a compelling investment opportunity in Greeley, Colorado. Located at 2528 West 16th Street, this property is ideally situated less than a mile from the Northern Colorado Medical Center, ensuring high visibility and convenient access for patients. The building features a spacious and bright reception area, perfect for welcoming patients and creating a professional atmosphere. Multiple exam rooms, each equipped with built-in sinks, provide ample space for medical procedures. An open area is adaptable for use as a desk space or physical therapy area, offering flexibility to suit various medical practices. A significant asset is the large, partially finished walk-out basement, providing substantial potential for expansion or additional storage. The asking price for this turnkey medical office building is $995,000. This property is zoned for medical use and is located in Weld County, Colorado, zip code 80634. The property's address is 2528 W 16th St, Greeley, CO. This is a rare opportunity to acquire a well-appointed medical office building in a thriving healthcare market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,152,812

  6.5%

  $1,064,134

  7%

  $988,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,266,986

  Geo Method

  $398,642

• Alternative Use

  Use

  Valuation

  Residential

  $1,319,526

  Hospitality

  $1,208,679

  Educational

  $1,005,607

  Medical

  $1,040,191

  Retail

  $1,564,277

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.4144

Longitude

-104.721

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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