Fenced Flex
For Sale
$249,900
1102 E Abriendo Ave, Pueblo, CO 81004
Commercial Sale, Pueblo, CO
Property Size2,400 SF
Lot Size0.28 Acres
Price / SF$104.13
Days on Market78
Property Features for 1102 E Abriendo Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-5
Subdivision
Central High School
Lot features
Corner Lot, Interior Lot, Free Standing
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1501413001
Size
2,400 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 1 TO 4 BLK 38 CITY HALL PL
Tax Annual Amount
3505
Legal Description
LOTS 1 TO 4 BLK 38 CITY HALL PL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Evaporative Cooling
Water source
Public
Amenities
hardwood floors
kitchen with roughed-in plumbing
two ADA-compliant bathrooms
Building Details
Year built
1960
Floors in Building
1
Roof type
Asphalt
Listing Agency:
EXIT Realty DTC, Cherry Ck, P.P
(303) 790-7200
Listed By:
Rich Mayo · License #100053306
(719) 369-2766
Added: Jun 29
Changed: Sep 13
Last Checked: Sep 14 at 6:06AM
MLS# 233099
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot flex space was built in 1960 and occupies a 0.28-acre corner lot in Pueblo. The building includes hardwood flooring, a kitchen area with roughed-in plumbing, and two ADA-compliant bathrooms. A fenced area of approximately 1/4 acre adds secured exterior space for the property’s commercial operations.
Building systems include natural gas and forced-air heating, evaporative cooling, an asphalt roof, public water, and public sewer. The property is positioned for adaptable commercial use, with source information identifying office, retail, automotive, and community-program applications. Its R-5 zoning, corner-lot configuration, and combination of interior workspace and fenced outdoor area provide a practical base for a range of business needs.
Building systems include natural gas and forced-air heating, evaporative cooling, an asphalt roof, public water, and public sewer. The property is positioned for adaptable commercial use, with source information identifying office, retail, automotive, and community-program applications. Its R-5 zoning, corner-lot configuration, and combination of interior workspace and fenced outdoor area provide a practical base for a range of business needs.
Key Highlights
- 2,400 square feet of interior working space
- 0.28‑acre corner lot with approximately 1/4 acre of fenced area
- Two ADA‑compliant bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$227,780
$227.8K
Cap Rate 7%
$162,700
$162.7K
Cap Rate 9%
$126,544
$126.5K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.7K $6.96/SF
− Vacancy
−$434 −$0.18/SF
EGI
$16.3K $6.78/SF
− OpEx
−$4.9K −$2.03/SF
NOI
$11.4K $4.75/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$227,780
Cap Rate 7%
$162,700
Cap Rate 9%
$126,544
Alternative Uses
Best Use
Industrial
$162.7K
$142.4K – $189.8K
NOI $11,389 @ 7.0% cap · market cap 4.56%
Second Best
Flex RnD
$151.1K
$132.2K – $176.3K
NOI $10,575 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$500.1K
$437.6K – $583.5K
NOI $35,008 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stoke Pizza — 124 Midway Ave, Pueblo, CO 81004
- divinely destin catering — 1000 W Evans Ave, Pueblo, CO 81004
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with hardwood floors, roughed-in kitchen plumbing, and two ADA-compliant bathrooms.
Where is this flex space located?
The property is located at 1102 E Abriendo Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,400 square feet of interior working space; 0.28‑acre corner lot with approximately 1/4 acre of fenced area; Two ADA‑compliant bathrooms
