Two-Story
New
For Sale
$1,600,000
115 E 8th St, Pueblo, CO 81003
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 Market2
Property Features for 115 E 8th St
General Information
Standard status
Active
Size
32,814 SF
Total Parking Spaces
41
Lot size
0.60 Acres
Property subtype
Hotel-Motel
Additional Details
Asking Price
$1,600,000
Highway Access
Yes
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
1953
Stories
2
Listed By:
Huberth Marak · License #License(s): CO: FA.100091977
(303) 328-2029
Source:
Marcusmillichap
Added: Sep 26
Last Checked: Sep 26 at 2:58PM
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 Huberth Marak
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 = 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
$105,210
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
6.58%
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%
$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
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
$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 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%
$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.
Property Analytics
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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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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
