Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    187 W Legend Dr Pueblo West, CO 81007

    Sponsored
    For Sale
    Contact for pricing

    LAND - Pueblo West, CO

    Lot size:
    0.26 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 30 at 4:06 am

    Property Features for 187 W Legend Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.26 Acres

    We can help!

    Listing Contact
    Jami Orr

    Keller Williams Performance Realty (719) 269-7355

    Listing agent Jami Orr GRI (719) 240-8678

    Listing date Jan 29, 2026

    MLS# 2014696 Listing URL

    Copyright © 2026 Pikes Peak 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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Pueblo West

    This residential lot is located in Pueblo West on a paved street. The property offers views of the surrounding area. It is conveniently located close to shopping, schools, and the Pueblo Reservoir. The lot size is 0.26 acres. Prospective buyers should contact the PW Metro District to confirm the suitability of their intended use of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo West
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.745655
    Latitude
    38.308309

    Nearby Similar for Sale

    • $305,000
      1,904 SF

      Well-Maintained Duplex with Rental Income

      Duplex with solid rental income and recent updates throughout.
      846-848 S Bellflower Dr, Pueblo West, CO 81007
      View Details
    • $440,000
      2,872 SF

      Spacious Duplex: Investment Opportunity

      Spacious duplex with excellent cash flow potential in Pueblo West.
      959-961 S Honeysuckle Dr, Pueblo West, CO 81007
      View Details
    • $440,000
      0.24 Acres

      Spacious Duplex: Investor Special

      Spacious duplex with excellent cash flow potential in Pueblo West.
      959 S Honeysuckle Dr, Pueblo West, CO 81007
      View Details
    • $590,000
      2,968 SF

      Updated Duplex in Pueblo West

      Two updated homes with established tenants in Pueblo West, Colorado.
      290 W Palomar Bay, Pueblo West, CO 81007
      View Details
    • $559,999
      3,018 SF

      Modern Duplex in Pueblo West

      Spacious duplex with modern amenities, ideal for investors or homeowners.
      701-703 E Clarion Dr, Pueblo West, CO 81007
      View Details
    • $559,999
      0.28 Acres

      Modern Duplex in Pueblo West

      Spacious duplex with modern amenities, ideal for investors or homeowners.
      701 E Clarion Dr, Pueblo West, CO 81007
      View Details
    • $350,000
      2,400 SF

      Highway 50 Greenhouse Opportunity

      Greenhouse property in Pueblo West with Highway 50 visibility.
      51 S Masters Dr, Pueblo West, CO 81007
      View Details
    • $395,000
      4,000 SF

      Highway 50 Commercial Building

      4,000 sq ft building on 1-acre lot near Highway 50.
      27 N Mission Dr, Pueblo West, CO 81007
      View Details
    • $696,000
      0.26 Acres

      Pueblo West Commercial Space

      High-visibility commercial building with retail and warehouse space.
      239 Purcell Blvd, Pueblo West, CO 81007
      View Details
    • $980,000
      17,040 SF

      Automated Greenhouse with Metal Building

      One-acre property featuring greenhouse, metal building, and extensive equipment.
      59 N Laser Dr, Pueblo West, CO 81007
      View Details
    • $980,000

      Automated Greenhouse with Metal Building

      One-acre property featuring an automated greenhouse and metal building.
      59 N Laser Dr, Pueblo West, CO 81007
      View Details
    • $13,000,000
      4,289 SF

      Versatile Property with Business Potential

      Expansive property with business setup, land, and well-maintained building.
      58 N Mission Dr, Pueblo West, CO 81007
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near shopping, schools, and Pueblo Reservoir.
    Where is this residential land & home lot located?
    The property is located at 187 W Legend Dr Pueblo West, CO.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: - Great residential lot with beautiful surrounding views.; - Located on a paved street.; - Conveniently close to shopping.
    (719) 240-8678
    Request Owner's contact information
    187 W Legend Dr Pueblo West, CO 81007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    187 W Legend Dr
    Pueblo West, CO 81007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    187 W Legend Dr Pueblo West, CO 81007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jami Orr
    (719) 240-8678
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.