Leased Office and Garage
801 N Grand Ave Pueblo, CO 81003
801 N Grand Ave, Pueblo, CO, 81003
$299,900
For Sale
$299,900
Fully leased office and garage space with three offices, reception, remodeled finishes, and a loft area.
Property Size2,260 SF
Price / SF$132.70
Days on Market1062
Property Features for 801 N Grand Ave
General Information
- Standard status
- Active
- Size
- 2,260 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1929
Listing agency
Keller Williams Performance Realty
(719) 583-1100
Listed by
Chris Pisciotta · License #100002693
Source
Xome
Added: Aug 27, 2023 Updated: Jul 23 at 1:14AM Checked: Jul 23 at 3:41AM
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 Keller Williams Performance Realty
Investment Insights
Based on property information with market context.
This fully leased office and garage suite includes office space with three offices and a reception area, along with 960 square feet of garage space and a 150 square foot loft. The office has been fully remodeled with granite and stone finishes, new laminate floors, and fresh interior and exterior paint.
The property is located at 801 N Grand Ave in Pueblo, CO.
The tenant occupancy is in place under a 5-year term, and the owner indicates that owner carry may be available, along with a rent guarantee for 2 years.
The property is located at 801 N Grand Ave in Pueblo, CO.
The tenant occupancy is in place under a 5-year term, and the owner indicates that owner carry may be available, along with a rent guarantee for 2 years.
Key Highlights
- Fully leased office and garage space
- Includes 3 offices, reception area, and 960 SF garage space plus a 150 SF loft
- Office space was fully remodeled with granite, stone, new laminate floors, and interior and exterior paint
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.9k | $15.00 |
| − Vacancy | −$881 | −$0.39 |
| EGI | $33.0k | $14.61 |
| − OpEx | −$8.3k | −$3.65 |
| NOI | $24.8k | $10.96 |
2,260 SF · lease $15.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.8K
$309.6K – $412.7K
NOI $24,764 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.9K
$412.1K – $549.4K
NOI $32,966 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Reliable 24-7 Bail ...
Law Firm
All Day All ...
Law Firm
Chris Pisciotta-RE/MAX Advantage
Real Estate Agency
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FAQs
What type of property is this?
Office units - Fully leased office and garage space with three offices, reception, remodeled finishes, and a loft area.
Where is this office units located?
The property is located at 801 N Grand Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully leased office and garage space; Includes 3 offices, reception area, and 960 SF garage space plus a 150 SF loft; Office space was fully remodeled with granite, stone, new laminate floors, and interior and exterior paint
