113 6Th AveGreeley, CO 80631

Property Details for 113 6Th Ave

Year built

1996

Lot size

3.11 AC

Property size (Sq ft)

12,500 SF

Property type

Warehouses

APN

R1194796

APU

R1194796

Description

This exceptional industrial investment opportunity in Greeley, Colorado, presents a compelling case for astute investors. Located at 113-215 N 6th Avenue, this multi-tenant property encompasses 59,324 square feet across multiple buildings situated on a sizable 9-acre lot. The property's strategic location near downtown Greeley offers convenient access to Highway 85, benefiting its seven tenants. The substantial yard space provides ample room for outdoor storage, adding significant value. The property's strong financial performance is highlighted by a pro-forma NOI of $566,607 and a pro-forma cap rate of 7.17%. The asking price is $7,900,000, translating to a price per square foot of $133.17. Several leases extend to 2028 and beyond, ensuring a stable income stream for years to come. The property is zoned for Industrial Medium Intensity use, providing flexibility for future development or expansion. This well-positioned, multi-tenant industrial complex offers a rare opportunity to acquire a high-performing asset in a thriving Colorado market. The property's size, location, and strong tenant base make it an attractive investment with significant long-term potential.

• CAP approach

  CAP return

  Valuation

  6%

  $6,560,610

  6.5%

  $6,055,940

  7%

  $5,623,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,251,760

  Geo Method

  $1,652,400

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,124,110

  Mixed-Use / Specialty

  $3,127,670

  Hospitality / Lodging

  $2,313,810

  Office

  $3,124,400

  Institutional / Educational

  $3,256,770

  Residential Income

  $3,810,420

  Multifamily

  $4,488,530

  Automotive / Energy

  $2,791,520

  Parking / Income-Based Land

  $948,797

  Restaurant / Food Service

  $1,658,100

  Healthcare / Senior Housing

  $3,192,300

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.4345

Longitude

-104.688

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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