Industrial Facility Leased to
For Sale
Contact for pricing
130 Greenhorn Dr, Pueblo, CO
Corporate image industrial facility with high-quality features.
Property Size87,623 SF
Lot Size20.18 Acres
Price / SF$120.97
Days on Market588
Property Features for 130 Greenhorn Dr
General Information
Standard status
Active
Size
87,623 SF
Lot size
20.18 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Newmark | Denver
(303) 523-2560
Listed By:
Mike Wafer, SIOR · License #241181
(303) 523-2560
Source:
Moodyscre
Added: Jan 1, 2025
Changed: Aug 8
Last Checked: May 20 at 8:10PM
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 Newmark | Denver
Investment Insights
Based on property information with market context.
This industrial facility is leased to Trane U.S. Inc., a subsidiary of Trane Technologies, a Fortune 500 company. The property features high-quality office space, a 24' clear height, an ESFR sprinkler system, dock and drive-in loading, a truck maintenance/wash bay, and a temperature-controlled warehouse. The property size is 87623 square feet and is located in Pueblo, CO.
Key Highlights
- Leased to Trane U.S. Inc., providing stable income
- Corporate image industrial facility
- Temperature‑controlled warehouse space
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
$504,900
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
4.76%
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%
$10,098,000
$10.1M
Cap Rate 7%
$7,212,857
$7.2M
Cap Rate 9%
$5,610,000
$5.6M
Market Conditions
NOI Build-Up for 87,623 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
$609.9K $6.96/SF
− Vacancy
−$15.9K −$0.18/SF
EGI
$594.0K $6.78/SF
− OpEx
−$89.1K −$1.02/SF
NOI
$504.9K $5.76/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
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%
$10,098,000
Cap Rate 7%
$7,212,857
Cap Rate 9%
$5,610,000
Alternative Uses
Best Use
Warehouse
$7.21M
$6.31M – $8.42M
NOI $504,900 @ 7.0% cap · market cap 4.76%
Second Best
Industrial
$5.94M
$5.20M – $6.93M
NOI $415,800 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$18.26M
$15.98M – $21.30M
NOI $1,278,124 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- SecurCare Self Storage — 90 Greenhorn Dr, Pueblo, CO 81004
Frequently Asked Questions
What type of property is this?
Warehouse - Corporate image industrial facility with high-quality features.
Where is this warehouse located?
The property is located at 130 Greenhorn Dr Pueblo, CO.
What is the asking price?
The asking price for this property is $10,600,000.
What are key features of this property?
This property features: Leased to Trane U.S. Inc., providing stable income; Corporate image industrial facility; Temperature‑controlled warehouse space
