Corner-Lot Flex
For Sale
$249,900
1102 E Abriendo Ave, Pueblo, CO 81004
Versatile commercial building with hardwood flooring, kitchen plumbing rough-ins, and ADA-compliant restrooms.
Property Size2,400 SF
Lot Size0.25 Acres
Price / SF$104.13
Days on Market422
Property Features for 1102 E Abriendo Ave
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.25 Acres
Property subtype
Commercial
Zoning
R-5
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$3,504
Amenities
hardwood floors
kitchen
ADA-compliant bathrooms
Building Details
Building Size
2,400 SF
Year Built
1960
Stories
1
Listing Agency:
EXIT Realty DTC, Cherry Ck, P.P
(719) 369-2766
Listed By:
Rich Mayo · License #100053306
(719) 369-2766
Source:
Pikespeakdreamhomesrealty
Added: Jun 30, 2025
Changed: Aug 23
Last Checked: Aug 25 at 8:14AM
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 EXIT Realty DTC, Cherry Ck, P.P
Investment Insights
Based on property information with market context.
This flex space at 1102 E Abriendo Ave offers 2,400 square feet of working space within a commercial building constructed in 1960. The interior includes hardwood floors, a kitchen area with plumbing rough-ins for future appliance installation, and two ADA-compliant bathrooms. The property is positioned on a corner lot and includes a 1/4-acre fenced area, adding secured exterior space to the building configuration.
Located in Pueblo, Colorado, the property carries R-5 zoning. Its existing interior improvements and adaptable layout support a range of commercial planning options, subject to applicable zoning and regulatory requirements.
Located in Pueblo, Colorado, the property carries R-5 zoning. Its existing interior improvements and adaptable layout support a range of commercial planning options, subject to applicable zoning and regulatory requirements.
Key Highlights
- 2,400 sq. ft. of working space
- 1/4‑acre fenced area on a corner lot
- 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
Property Profile
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with hardwood flooring, kitchen plumbing rough-ins, and ADA-compliant restrooms.
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 sq. ft. of working space; 1/4‑acre fenced area on a corner lot; Two ADA‑compliant bathrooms
