Leased Industrial Flex
For Sale
Contact for pricing
130 Greenhorn Dr, Pueblo, CO 81004
Industrial flex property leased to Trane U.S. Inc., featuring 24-foot clear height and dock-and-drive-in loading.
Property Size86,218 SF
Price / SF$122.94
Days on Market624
Property Features for 130 Greenhorn Dr
General Information
Standard status
Active
Size
86,218 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Sprinkler System
Yes
Additional Details
Service Bays
1
Amenities
high quality office space
temperature-controlled warehouse
truck maintenance/wash bay
Building Details
Tenancy
Single
Listing Agency:
Newmark | Denver
(303) 892-1111
Listed By:
Mike Wafer, SIOR · License #241181
(303) 523-2560
Source:
Moodyscre
Added: Jan 1, 2025
Changed: Sep 12
Last Checked: Sep 16 at 8:24PM
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 corporate image industrial flex facility is leased to Trane U.S. Inc., a subsidiary of Trane Technologies. The property includes high-quality office space along with a warehouse component with 24' clear height. It is equipped with an ESFR sprinkler system and offers both dock and drive-in loading. Additional functional improvements include a truck maintenance and wash bay, as well as temperature-controlled warehouse space.
The offering is presented for sale with the tenant in place. The location is listed as 130 Greenhorn Dr, Pueblo, CO 81004.
The warehouse supports logistics with dock and drive-in loading while the operational areas include truck maintenance and wash capabilities, and the warehouse is temperature-controlled.
The offering is presented for sale with the tenant in place. The location is listed as 130 Greenhorn Dr, Pueblo, CO 81004.
The warehouse supports logistics with dock and drive-in loading while the operational areas include truck maintenance and wash capabilities, and the warehouse is temperature-controlled.
Key Highlights
- Leased to Trane U.S. Inc., a subsidiary of Trane Technologies (Fortune 500 company).
- Industrial flex facility with high‑quality office space included.
- 24' clear height warehouse.
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
$496,804
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
4.69%
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%
$9,936,080
$9.9M
Cap Rate 7%
$7,097,200
$7.1M
Cap Rate 9%
$5,520,044
$5.5M
Market Conditions
NOI Build-Up for 86,218 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
$600.1K $6.96/SF
− Vacancy
−$15.6K −$0.18/SF
EGI
$584.5K $6.78/SF
− OpEx
−$87.7K −$1.02/SF
NOI
$496.8K $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%
$9,936,080
Cap Rate 7%
$7,097,200
Cap Rate 9%
$5,520,044
Alternative Uses
Best Use
Warehouse
$7.10M
$6.21M – $8.28M
NOI $496,804 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$5.84M
$5.11M – $6.82M
NOI $409,133 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$17.97M
$15.72M – $20.96M
NOI $1,257,630 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
1
Service bays
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property leased to Trane U.S. Inc., featuring 24-foot clear height and dock-and-drive-in loading.
Where is this flex space 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., a subsidiary of Trane Technologies (Fortune 500 company).; Industrial flex facility with high‑quality office space included.; 24' clear height warehouse.
