Office Building with Three On-Site
For Sale
$325,000
115- 119 W 8th St, Pueblo, CO 81003
COMMERCIAL - Pueblo, CO
Property Size2,636 SF
Lot Size0.24 Acres
Price / SF$123.29
Days on Market48
Property Features for 115- 119 W 8th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Northside/Avenues
Lot features
Interior Lot, Free Standing
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525442003
Size
2,636 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2019
Tax Description
LOTS 15 + 16 BLK 2 COUNTY ADD
Tax Annual Amount
3927
Legal Description
LOTS 15 + 16 BLK 2 COUNTY ADD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Roof type
Flat
Listing Agency:
Abetter Realty, LLC.
(719) 250-5030
Listed By:
Ralph Garcia
(719) 251-7645
Added: Jul 9
Changed: Aug 4
Last Checked: Aug 25 at 6:06PM
MLS# 239408
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.
115-119 W 8th St, Pueblo, CO 81003. This office building includes three separate buildings that serve office space, a garage, and a miscellaneous building. The property sits on a 0.235-acre lot and offers 2,636 square feet of total building area.
The property is zoned B-4 and built in 1935. Heating is provided via forced air with natural gas and electric (heating) systems. The roof is flat. Public water and public sewer services are available.
Positioned for office and related uses in a downtown setting near government services, restaurants, and banks, the multi-building setup can support a range of tenant space and operational needs while keeping the overall parcel consolidated.
The property is zoned B-4 and built in 1935. Heating is provided via forced air with natural gas and electric (heating) systems. The roof is flat. Public water and public sewer services are available.
Positioned for office and related uses in a downtown setting near government services, restaurants, and banks, the multi-building setup can support a range of tenant space and operational needs while keeping the overall parcel consolidated.
Key Highlights
- Zoned B‑4 for a downtown office and related‑use mix
- Three separate buildings: office space, garage, and a miscellaneous building
- 2,636 total building square feet on a 0.235‑acre lot
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
$28,884
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
8.89%
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%
$577,680
$577.7K
Cap Rate 7%
$412,629
$412.6K
Cap Rate 9%
$320,933
$320.9K
Market Conditions
NOI Build-Up for 2,636 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
$39.5K $15.00/SF
− Vacancy
−$1.0K −$0.39/SF
EGI
$38.5K $14.61/SF
− OpEx
−$9.6K −$3.65/SF
NOI
$28.9K $10.96/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$577,680
Cap Rate 7%
$412,629
Cap Rate 9%
$320,933
Alternative Uses
Best Use
Office B
$412.6K
$361.1K – $481.4K
NOI $28,884 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.3K
$480.6K – $640.8K
NOI $38,450 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,247
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Zoned B-4, this office building includes separate garage and miscellaneous building with public water and sewer.
Where is this office building located?
The property is located at 115- 119 W 8th St Pueblo, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Zoned B‑4 for a downtown office and related‑use mix; Three separate buildings: office space, garage, and a miscellaneous building; 2,636 total building square feet on a 0.235‑acre lot
