Warehouse with Covered
For Sale
$599,900
120 Dayton, Pueblo, CO 81003
COMMERCIAL - Pueblo, CO
Property Size3,656 SF
Lot Size2.27 Acres
Price / SF$164.09
Days on Market189
Property Features for 120 Dayton
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-2
Subdivision
Union Historical
Lot features
Historic Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0431234007
Size
3,656 SF
Lot size
2.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lengthy...In Office
Tax Annual Amount
10020
Legal Description
Lengthy...In Office
Utilities
Sewer type
Public Sewer
Heating system
Floor Furnace, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Roof type
Tar/Gravel, Metal
Listing Agency:
RE/MAX Associates · RE/MAX International
(719) 583-8383
Listed By:
Jeffrey Falletta
(719) 240-4740
Added: Feb 4
Changed: Aug 4
Last Checked: Aug 12 at 12:06PM
MLS# 236050
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.
This warehouse property includes a 3,656 SF building along with a 2,400 SF garage and extensive covered storage, all within an I-2 zoning district. The roof is metal with tar/gravel, and the building was constructed in 1968.
Utilities are available through public water and public sewer. Heating is provided by a floor furnace with natural gas, and cooling is central air.
Located at 120 Dayton in Pueblo, the site totals 2.27 acres and supports industrial-type use under the current I-2 zoning.
Utilities are available through public water and public sewer. Heating is provided by a floor furnace with natural gas, and cooling is central air.
Located at 120 Dayton in Pueblo, the site totals 2.27 acres and supports industrial-type use under the current I-2 zoning.
Key Highlights
- 3,656 SF warehouse building
- 2,400 SF garage
- 2.27‑acre site
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
$21,067
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
3.51%
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%
$421,340
$421.3K
Cap Rate 7%
$300,957
$301.0K
Cap Rate 9%
$234,078
$234.1K
Market Conditions
NOI Build-Up for 3,656 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
$25.4K $6.96/SF
− Vacancy
−$662 −$0.18/SF
EGI
$24.8K $6.78/SF
− OpEx
−$3.7K −$1.02/SF
NOI
$21.1K $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%
$421,340
Cap Rate 7%
$300,957
Cap Rate 9%
$234,078
Alternative Uses
Best Use
Warehouse
$301.0K
$263.3K – $351.1K
NOI $21,067 @ 7.0% cap · market cap 3.51%
Second Best
Industrial
$247.8K
$216.9K – $289.2K
NOI $17,349 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$761.8K
$666.6K – $888.8K
NOI $53,329 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Al Don Storage — 224 clark st, pueblo, co 81003
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- Packing House Self Storage Pueblo CO — 626 n main st, pueblo, co 81003
Frequently Asked Questions
What type of property is this?
Warehouse - 2.27-acre I-2 zoned warehouse with central air, natural gas heat, plus a garage and covered storage.
Where is this warehouse located?
The property is located at 120 Dayton Pueblo, CO.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3,656 SF warehouse building; 2,400 SF garage; 2.27‑acre site
