Open Flex Space
For Sale
$135,000
1021 W 11th St, Pueblo, CO 81003
Flexible commercial building with assembly space, offices, classrooms, and on-site parking.
Property Size2,400 SF
Price / SF$56.25
Days on Market89
Property Features for 1021 W 11th St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Keller Williams Performance Realty
Listed By:
The Steve Henson Sales Team
(719) 583-1100
Source:
Seehomesincolorado
Added: Jul 22
Changed: Oct 10
Last Checked: Oct 16 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Performance Realty
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Investment Insights
Based on property information with market context.
This flex space property is configured around a substantial open assembly area, with separate offices and classrooms providing additional interior functionality. The building dates to 1920 and includes on-site parking.
Located at 1021 W 11th St in Pueblo, Colorado, the property offers a combination of open area and supporting rooms within an established commercial building. Its existing layout can accommodate continued use or future repositioning, subject to applicable requirements.
Located at 1021 W 11th St in Pueblo, Colorado, the property offers a combination of open area and supporting rooms within an established commercial building. Its existing layout can accommodate continued use or future repositioning, subject to applicable requirements.
Key Highlights
- Large open assembly area
- Additional offices and classrooms
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,389
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
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
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 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 8.44%
Second Best
Flex RnD
$151.1K
$132.2K – $176.3K
NOI $10,575 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$500.1K
$437.6K – $583.5K
NOI $35,008 @ 7.0% cap · market cap 25.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Ortiz Catering — 1407 E 8th St, Pueblo, CO 81001
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with assembly space, offices, classrooms, and on-site parking.
Where is this flex space located?
The property is located at 1021 W 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Large open assembly area; Additional offices and classrooms; On‑site parking included
