Two-Story
115 E 8th St, Pueblo, CO 81003
For Sale
$1,600,000
Guest accommodations include complimentary Wi-Fi, in-room microwaves and mini-refrigerators, televisions, and parking.
Property Size32,814 SF
Lot Size0.60 Acres
Price / SF$48.76
Days on Market49
Property Features for 115 E 8th St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Asking Price
Amenities
complimentary Wi-Fi
pet-friendly accommodations
microwaves
mini-refrigerators
in-room televisions
meeting space
Prime Downtown Pueblo Location: Strategically Positioned Near the City's Leading Convention, Healthcare, Business, and Cultural Destinations.
Convention and Group Demand Generator: Located Approximately Three Minutes from the Pueblo Convention Center, Supporting Conferences, Meetings, and Special Events.
Strong Healthcare Demand Base: Near UCHealth Parkview Medical Center, One of Southern Colorado's Leading Regional Healthcare Providers.
Access to Historic Arkansas Riverwalk: Close to Pueblo's Premier Tourism Destination Featuring Restaurants, Entertainment, Festivals, and Waterfront Attractions.
Colorado State Fairgrounds Exposure: Benefits from Significant Annual Event Demand Generated by the Colorado State Fair and Numerous Year-Round Events.
Sports and Tournament Demand: Located Near Runyon Field Sports Complex, Supporting Athletic Tournaments and Youth Sports Travel.
Family-Oriented Leisure Demand: Close to the Pueblo Zoo and Other Regional Attractions Drawing Visitors Throughout the Year.
Accessible Southern Colorado Hub: Convenient Access to Interstate 25 and the Region's Major Population and Employment Centers.
Building Details
Year Built
Stories
Listing Agency:
Denver Office
Listed By:
Huberth Marak
(303) 328-2029
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 12 at 4:11AM
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 Denver Office
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Investment Insights
Based on property information with market context.
Built in 1953, this two-story hotel contains 67 guest rooms in approximately 32,814 square feet on about 0.60 acres. Guest amenities include complimentary Wi-Fi, televisions, microwaves, mini-refrigerators, pet-friendly accommodations, and accessible parking. The property also has approximately 120 square feet of meeting space and 41 parking spaces.
The hotel is in downtown Pueblo, near the Pueblo Convention Center, UCHealth Parkview Medical Center, the Sangre de Cristo Arts & Conference Center, and the Historic Arkansas Riverwalk of Pueblo. Other area destinations include the Colorado State Fairgrounds, Runyon Field Sports Complex, and Pueblo Zoo. Interstate 25 provides regional connectivity through Southern Colorado.
The hotel is in downtown Pueblo, near the Pueblo Convention Center, UCHealth Parkview Medical Center, the Sangre de Cristo Arts & Conference Center, and the Historic Arkansas Riverwalk of Pueblo. Other area destinations include the Colorado State Fairgrounds, Runyon Field Sports Complex, and Pueblo Zoo. Interstate 25 provides regional connectivity through Southern Colorado.
Key Highlights
- 67 guest rooms in a 32,814‑square‑foot, two‑story building
- Built in 1953 on approximately 0.60 acres
- 41 parking spaces, including accessible parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,210
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,200
$2.1M
Cap Rate 7%
$1,503,000
$1.5M
Cap Rate 9%
$1,169,000
$1.2M
Market Conditions
NOI Build-Up for 32,814 SF
Gross rent
$492.2K $15.00/SF
− Vacancy
−$270.7K −$8.25/SF
EGI
$221.5K $6.75/SF
− OpEx
−$116.3K −$3.54/SF
NOI
$105.2K $3.21/SF
Area
Pueblo, CO
Vacancy
55.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,200
Cap Rate 7%
$1,503,000
Cap Rate 9%
$1,169,000
Alternative Uses
Best Use
Hotel Hospitality
$1.50M
$1.32M – $1.75M
NOI $105,210 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.84M
$5.98M – $7.98M
NOI $478,645 @ 7.0% cap · market cap 29.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Hotel - Guest accommodations include complimentary Wi-Fi, in-room microwaves and mini-refrigerators, televisions, and parking.
Where is this hotel located?
The property is located at 115 E 8th St Pueblo, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 67 guest rooms in a 32,814‑square‑foot, two‑story building; Built in 1953 on approximately 0.60 acres; 41 parking spaces, including accessible parking
