Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1228 E Orman Avenue Pueblo, CO 81004

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    45,000+ sq ft commercial space in city limits.

    Type:Commercial/Industrial
    Property size:
    45,853 SF
    Lot size:
    2.52 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    31
    Last Refresh:
    Apr 6 at 2:40 am

    Property Features for 1228 E Orman Avenue

    General Information

    Standard status
    Active
    Size
    45,853 SF
    Lot size
    2.52 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Angela Torri

    Listing agent Angela Torri License #100024905

    Listing office Sorella Real Estate

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Sorella Real Estate

    Overview

    Large Commercial Space in Pueblo

    This commercial property offers over 45,000 square feet of space within city limits. Zoned B-4, the property formerly served as a grocery store and call center. It is located in the northern avenue business district. The existing infrastructure includes CAT 5 and 6 fiber optic cabling throughout the building, two loading docks, and updated electrical and lighting systems. The current layout features large open spaces, break rooms, conference rooms, and smaller offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Concentrix Business To Business Service Advanced ATM Systems ... Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.62
    Latitude
    38.2451

    Nearby Similar for Sale

    • $595,000
      4,224 SF

      Pueblo Commercial Building with Leaseback

      4224 SF commercial building with leaseback opportunity in Pueblo.
      711 W 8th St, Pueblo, CO 81003
      View Details
    • $599,900
      5,745 SF

      Pueblo Commercial Property For Sale

      Mixed-use commercial property with high visibility and development potential.
      411 S Pueblo Blvd, Pueblo, CO 81005
      View Details
    • $477,000
      7,301 SF

      Pueblo Commercial Opportunity Awaits

      Commercial property in Pueblo with office and garage space.
      1115 N Erie Ave, Pueblo, CO 81001
      View Details
    • $425,000
      7,875 SF

      High-Visibility Retail/Market Opportunity

      Spacious retail/market with truck dock and ample outdoor space.
      41999 E US Hwy 50, Pueblo, CO 81006
      View Details
    • $725,000
      5,260 SF

      Multi-Tenant Office Building For Sale

      Well-maintained office building with highway access and tenant occupancy.
      1805 Fortino, Pueblo, CO 81008
      View Details
    • $899,000
      5,160 SF

      Downtown Commercial Property For Sale

      Exceptional commercial property in Historic Downtown Pueblo with high visibility.
      127 N Santa Fe Ave, Pueblo, CO 81003
      View Details
    • $900,000
      5,152 SF

      Historic Downtown Pueblo Commercial Building

      Iconic building with flexible commercial uses in high-traffic location.
      311 N Santa Fe, Pueblo, CO 81003
      View Details
    • $597,000
      3,120 SF

      Pueblo Commercial Investment Opportunity

      Three parcels with I2 and B3 zoning, great investment opportunity!
      300 &224 N Chester Ave, Pueblo, CO 81003
      View Details
    • $3,800,000
      24,515 SF

      Multi-Tenant Commercial Complex For Sale

      Stabilized, income-producing commercial complex in a desirable location.
      4104 Outlook Blvd, Pueblo, CO 81008
      View Details
    • $314,900
      2,005 SF

      Pueblo Commercial Building For Sale

      Solid building in central Pueblo, suitable for various uses.
      416 Colorado Ave, Pueblo, CO 81004
      View Details
    • $550,000
      5,145 SF

      Remodeled Financial Building in Pueblo

      Remodeled financial building with over 5,000 square feet of space.
      101 N Main St, Pueblo, CO 81003
      View Details
    • $723,500
      5,040 SF

      High Visibility Commercial Building

      Three-story commercial building with established tenant near Interstate 25.
      123 W 4th St, Pueblo, CO 81003
      View Details

    FAQs

    What type of property is this?
    Storefront property - 45,000+ sq ft commercial space in city limits.
    Where is this storefront property located?
    The property is located at 1228 E Orman Avenue Pueblo, CO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Exceptionally large space: Over 45,000 square feet within city limits.; Favorable B‑4 zoning: Suitable for a wide range of business uses.; Below‑market pricing: Significantly lower cost per square foot compared to other properties in the area.
    (719) 225-9539
    We can help!
    Listing Contact
    Angela Torri
    Real Estate License ID: 100024905
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!