Skyview Apartments: Value-Add
2025 & 2033 Jerry Murphy Road, Pueblo, CO 81001
228-unit apartment building near CSU Pueblo with value-add potential.
Type:Multifamily
Property size:
150,185 SFPrice / SF:
$109/SF- Added:
- Nov 21, 2025
- Days on Market:
- 184
- Last Refresh:
- Apr 5 at 11:41 pm
Property Features for 2025 & 2033 Jerry Murphy Road
General Information
- Standard status
- Active
- Size
- 150,185 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing agent Mike Krebsbach (303) 407-9782
Listing office (303) 407-9782
Listing date Nov 21, 2025
Source Pinnaclerea
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 Mike Krebsbach
HighLights
- Value‑add opportunity with 40% vacancy, offering potential for increased revenue through lease‑up and stabilization.
- Convenient location within walking distance to Colorado State University – Pueblo, shops, and restaurants.
- Extremely attractive price basis.
- Significant recent and ongoing capital improvements, including brand new high‑end landscaping and a recently seal‑coated parking lot.
- Fully renovated clubhouse.
- Proximity to Pueblo Mall, banks, specialty shops, I‑25, US 50, and BNSF/UP railroads.
Overview
Skyview Apartments, constructed in 1974, is a 228-unit apartment building located in Pueblo, Colorado. The property presents a value-add opportunity, with approximately 40% of the units requiring lease-up and stabilization. The property is located within walking distance of Colorado State University – Pueblo, and various shops and restaurants. The community offers accessibility and comfort. Recent capital improvements include new landscaping, a renovated clubhouse, and a seal-coated parking lot. Residents benefit from proximity to Pueblo Mall, banks, restaurants, and specialty shops. The property is situated near the intersection of I-25 and US 50, as well as the BNSF/UP railroads. There are 65 garages on-site and an unutilized clubhouse.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$12.30M
NOI $1,107,273 @ 9.00% cap · cautious / downside scenario
Moderate
$15.82M
NOI $1,107,273 @ 7.00% cap · market / base-case scenario
Aggressive
$22.15M
NOI $1,107,273 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.09M | $13.92 |
| − Vacancy | −$77.4k | −$0.52 |
| EGI | $2.01M | $13.40 |
| − OpEx | −$906.0k | −$6.03 |
| NOI | $1.11M | $7.37 |
150,185 SF · lease $13.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$15.82M
$13.84M – $18.45M
NOI $1,107,273 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$31.30M
$27.38M – $36.51M
NOI $2,190,692 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Skyview
Apartment Complex
N&N Consulting, Marketing, ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.599
- Latitude
- 38.3049
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 228-unit apartment building near CSU Pueblo with value-add potential.
Where is this apartment building located?
The property is located at 2025 & 2033 Jerry Murphy Road Pueblo, CO.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Value‑add opportunity with 40% vacancy, offering potential for increased revenue through lease‑up and stabilization.; Convenient location within walking distance to Colorado State University – Pueblo, shops, and restaurants.; Extremely attractive price basis.
