101 22Nd StGreeley, CO 80631

Property Details for 101 22Nd St

Year built

2016

Lot size

2.77 AC

Property type

Commercial real estate

APN

R1979003

APU

R1979003

Description

This exceptional Greeley, Colorado, retail property presents a unique owner-user investment opportunity. The 3,912 square foot building, constructed in 2003 and renovated in 2023 with a new kitchen addition, sits on a 0.71-acre lot and boasts a 100% occupancy rate since April 26, 2007. Currently operating as an unbranded convenience store, gas station, and restaurant featuring Krispy Krunchy Chicken and Hunt Brothers Pizza (with no term contracts), the property offers significant potential for rebranding or continued operation under the existing model. The property includes four gas pumps and a modern point-of-sale system, compliant with PCI standards. Financial records demonstrate strong performance, with projected sales exceeding $4 million this year, and a Net Operating Income (NOI) of $450,000, resulting in a 10.24% cap rate. The property is zoned for commercial retail use and has undergone Phase I and Phase II environmental surveys. This turnkey operation is ready for a quick closing, with SBA lender pre-qualification already completed. The asking price is $4,395,000, representing a price per square foot of $1,123.47. This is a fee-simple ownership opportunity with significant upside potential in a high-traffic area of Greeley.

• CAP approach

  CAP return

  Valuation

  6%

  $32,672,800

  6.5%

  $30,159,500

  7%

  $28,005,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,684,100

  Geo Method

  $9,969,010

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $58,457,300

  Retail / Commercial

  $30,156,700

  Mixed-Use / Specialty

  $30,191,000

  Hospitality / Lodging

  $22,334,900

  Office

  $30,159,500

  Institutional / Educational

  $31,437,200

  Residential Income

  $36,781,600

  Multifamily

  $43,327,200

  Automotive / Energy

  $26,946,200

  Parking / Income-Based Land

  $9,158,620

  Restaurant / Food Service

  $16,005,400

  Healthcare / Senior Housing

  $30,814,800

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.4031

Longitude

-104.677

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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