What Is Commercial Property Worth in Evans, Colorado?
Based on public county records, the median commercial sale price in Evans is $475,000 — from 31 qualified recorded transactions over the past 24 months. The typical range runs $152,500 to $1,375,000. Your property's specific value depends on income, location, condition, and tenancy.
$475KMedian Sale Price
31Qualified Sales
$1.375MRange Top
Last updated: June 2026 · Data: Colorado county assessor & clerk filings
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Key Facts: Evans Commercial Market
Median sale price: $475,000
Typical range: $152,500–$1,375,000
31 qualified sales (trailing 24 months)
Location: Evans, Weld County, Colorado
Source: Public CO county assessor & clerk filings
Not appraisals — individual properties vary widely
Verified Data
What Does the Evans, CO Commercial Market Show?
The median commercial/retail/office sale price in Evans over the past 24 months is $475,000, drawn from 31 qualified recorded transactions. The price range spans from $152,500 to $1,375,000.
This is real sales data from public Colorado county records — not estimates, Zestimates, or national benchmarks. It reflects what buyers and sellers actually agreed on for commercial, retail, and office properties in Evans, Weld County.
Local Market Snapshot — Evans, CO Commercial Real Estate
Source: Public Colorado county records (county assessor and clerk filings), aggregated
Median Sale Price
$475,000
Commercial / Retail / Office
Qualified Sales
31
Recorded transactions
Typical Price Range
$152.5K–$1.375M
Observed transaction range
Why the range is so wide: A $152,500 sale likely reflects a small office condo or partial-interest transaction, while $1,375,000 reflects a larger freestanding commercial building or multi-tenant center. Square footage, lot size, income, condition, and use all drive these differences. Median is the best single benchmark, but your property's position within the range depends on parcel-specific factors covered below.
Analysis
What Drives Commercial Property Value in Evans, Colorado?
The four primary drivers are income (net operating income and lease terms), location (access, zoning, traffic), physical condition, and tenancy strength. Each can move value significantly in either direction.
Understanding these levers — not just the median price — is how owners determine whether their property sits near the top or bottom of the Evans market range, and how to position it for sale.
Income & NOI
For income-producing properties, net operating income (NOI) is the foundation of value. Buyers apply a market cap rate to NOI to derive price — higher income and longer leases drive higher valuations. Vacant properties are valued differently, often on price per square foot or land value.
Location & Zoning
Evans commercial properties along US-85 and 37th Street benefit from high traffic counts and regional visibility. Zoning designation (B-1, B-2, mixed-use, etc.) determines legal use intensity — which directly sets the income ceiling and buyer pool. Proximity to Greeley adds demand depth.
Physical Condition
Roof, HVAC, electrical, plumbing, ADA compliance, parking lot, and facade condition all affect buyer perception and financing eligibility. Deferred maintenance can widen the gap between asking and closing prices, and some lenders require condition cures before funding. Recent capital improvements support the upper end of the range.
Tenancy & Lease Terms
A credit tenant on a long-term NNN lease dramatically increases demand and cap rate compression (meaning buyers accept lower yields — and pay more). Month-to-month occupancy, local-only tenants, and short remaining terms increase perceived risk and widen buyer discount expectations. Vacancy is typically valued separately from occupied assets.
Size, Lot & Parking
Building square footage and lot size set the raw scale of income potential. Parking ratios matter enormously in Evans suburban contexts — most buyers apply minimum parking standards tied to intended use. Oversized lots or extra land can add value; irregular shapes or constrained access can reduce it.
Comparable Sales
The 31 recorded commercial transactions in Evans over the past 24 months provide a real-world benchmark. But because commercial properties differ so substantially, a true comp analysis filters by property type, size range, and use — not just geography. Request a parcel-specific report to see the most relevant comparables for your asset.
Local Context
Why Evans, Colorado Matters to Commercial Buyers
Evans sits at the southern edge of Greeley, within one of Colorado's fastest-growing counties. US-85 access, improving infrastructure, and comparatively lower land costs relative to Greeley proper create commercial investment interest across multiple asset types.
Weld County's population and employment growth are well-documented as among the strongest in Colorado, driven by energy, agriculture, logistics, and healthcare sectors. Evans captures commercial spillover demand from Greeley while offering buyers lower basis and meaningful upside as the corridor densifies.
Adjacent to Greeley, Weld County seat & largest city
US-85 arterial corridor — regional traffic access
Weld County: consistently strong CO population growth
City of Evans zoning & planning administered locally
Active Weld County assessor records & public data
31 commercial transactions recorded in trailing 24 months
Process
How Do You Get a Parcel-Specific Commercial Valuation in Evans?
A credible, parcel-specific estimate requires gathering property data, filtering comparable sales by relevant characteristics, applying income or market-based methods, and presenting findings with appropriate caveats. Here's how the process works.
1
Gather Parcel Information
Start with the Weld County Assessor's parcel record: building square footage, lot size, year built, use code, and most recent assessed value. Note any recent permit activity or improvements not yet captured in assessor records. Collect your current lease agreements if the property is tenanted.
2
Define the Comparable Sales Set
Filter public transaction records to find sales of similar commercial properties in Evans and the immediately adjacent Greeley market — same property type, similar size band, same general use. The 31 Evans transactions in the trailing 24 months provide the primary data set; supplemental comps from Greeley may be used where Evans data is thin for a specific sub-type.
3
Apply Valuation Methods
For income-producing properties: estimate stabilized NOI and apply a market-derived cap rate. For owner-occupied or vacant properties: use price per square foot comparisons adjusted for condition, location, and lot. For land (commercially zoned): price per square foot of land or price per unit of allowed density. Most well-positioned Evans assets benefit from two or more methods checked against each other.
4
Adjust for Property-Specific Factors
Overlay condition, parking, visibility, access, lease structure, and any encumbrances or easements. A property in excellent condition on a signalized US-85 corner supports values at the upper end of the range. A building requiring significant capex or with near-term lease expiry may sit closer to the lower end.
5
Present a Findings Range
A rigorous estimate includes a most-likely value range, the key assumptions driving it, the comparable sales used, and the method applied. It explicitly notes what it is not — it is not a certified appraisal, and it should be labeled as a preliminary research estimate. For formal purposes (financing, estate, litigation), engage a licensed Colorado MAI appraiser.
6
Request Your Report from Colorado Land Use
Use the form on this page to submit your parcel address, property type, and basic details. We research your specific parcel against public records and respond with a preliminary analysis within one business day — at no charge and with no obligation.
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Frequently Asked Questions About Evans Commercial Property Value
Answers to the real questions owners and buyers ask about Evans, CO commercial real estate values — drawn from the verified data and standard commercial real estate practice.
Based on public county records aggregated over the trailing 24 months, the median sale price for commercial, retail, and office property in Evans, CO is $475,000, from 31 qualified recorded transactions. The typical observed range runs from $152,500 to $1,375,000. Individual properties vary widely based on income, location, condition, and tenancy.
The primary value drivers are income (net operating income and lease terms), location (access to US-85, proximity to Greeley, traffic counts, zoning), physical condition and building quality, and tenancy strength (credit quality and remaining lease term). Properties with strong, long-term tenants and good highway exposure command premiums.
The recorded range over the trailing 24 months spans from $152,500 to $1,375,000. This wide spread reflects the diversity of property types — small retail suites, freestanding buildings, multi-tenant strip centers, and office properties all trade at very different price points. Median ($475,000) is the most useful benchmark, but your position in the range depends on specific property factors.
Public Colorado county records show 31 qualified commercial/retail/office sales recorded on or after June 1, 2024, in the Evans market area (trailing 24 months). This provides a meaningful but limited sample — individual property characteristics matter greatly. When Evans comps are thin for a specific sub-type, comparable data from adjacent Greeley may supplement the analysis.
Yes, significantly. Evans zoning determines what a site can legally be used for, which directly sets the ceiling on income and therefore value. Properties zoned for higher-intensity commercial or mixed use typically support higher per-square-foot values. The City of Evans planning department administers zoning; rezoning can change value materially. Always verify the current zoning designation before pricing a property.
Evans sits adjacent to Greeley and within Weld County's growth corridor. It benefits from lower land costs and improving infrastructure, with US-85 providing arterial access. These factors generally position Evans commercial values somewhat below central Greeley but with upside potential tied to Weld County's continued economic expansion and corridor densification.
A capitalization rate (cap rate) is the property's net operating income divided by its sale price. It is the primary valuation tool for income-producing commercial property. Colorado Land Use does not publish cap rate estimates for Evans without verified, current transaction data — contact us for a parcel-specific analysis that incorporates actual NOI and current market cap rate expectations.
For a sale, financing, or estate matter, a licensed MAI appraisal carries the most legal weight and is typically required by lenders. A broker opinion of value (BOV) is faster and often sufficient for initial sale planning and pricing decisions. The figures on this page are descriptive statistics from recorded transactions and are not appraisals or opinions of value. Our preliminary estimate is a starting point — not a substitute for a certified appraisal.
To start, provide: (1) parcel address or Weld County AIN, (2) property type (retail, office, industrial, mixed-use), (3) building square footage and lot size, (4) current use and tenancy status (vacant or occupied, lease terms if known), and (5) any recent capital improvements. The more detail you share, the more useful the preliminary analysis. You can submit this information through the form on this page.
Marketing timelines for commercial property vary significantly by price point, property type, and market conditions. Smaller retail assets priced near the median often move in 60–120 days; larger or more specialized properties may take considerably longer. Pricing to verified comparable sales data — rather than aspirational values — is the single most effective way to minimize time on market.
No. All figures on this page are descriptive statistics derived from public Colorado county records (county assessor and clerk filings), aggregated over the trailing 24 months (sales on/after 2024-06-01). They are not appraisals or opinions of value. Individual properties vary widely. No guarantee of value or sale outcome is expressed or implied.
Evans benefits from Weld County's strong population growth, proximity to Greeley, and ongoing infrastructure investment — generally positive signals for commercial real estate demand. Investment suitability depends on specific property fundamentals (income, condition, and use) and individual investor criteria including risk tolerance, hold period, and return targets. Consult a licensed Colorado real estate professional for investment advice specific to your situation.
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Your information is used only to research and respond to your estimate request. Colorado Land Use is an independent research resource, not a brokerage.