Fenced Outdoor Storage Industrial
For Sale
Contact for pricing
130 Greenhorn Drive, Pueblo, CO 81004
86,218 SF industrial facility on 20 acres, leased to Trane U.S. Inc. since January 2025.
Property Size86,218 SF
Lot Size20.00 Acres
Price / SF$122.94
Days on Market77
Property Features for 130 Greenhorn Drive
General Information
Standard status
Active
Size
86,218 SF
Total Parking Spaces
121
Lot size
20.00 Acres
Property subtype
Industrial
Zoning
I-3, Heavy Industrial District
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$771,888
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Year Built
2003
Year Renovated
2018
Tenancy
Single
Listing Agency:
Newmark - Denver
(303) 523-2560
Listed By:
Mike Wafer, SIOR · License #CO 241181
Source:
Crexi
Added: May 28
Changed: Aug 8
Last Checked: Aug 11 at 7:20AM
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 offers 86,218 SF of space on a 20-acre site with perimeter fencing, supporting outdoor storage needs. The property has been occupied by Trane U.S. Inc., a subsidiary of Trane Technologies, since January 2025. The building is described as a former Anheuser-Busch distribution facility, and the site includes room for outdoor storage as well as building expansion capabilities.
The property is located in Minnequa Industrial Park, a newer industrial development characterized as offering a higher-end environment for a variety of manufacturing, distribution, and heavy industrial uses. Primary access is provided by Interstate 25, with access to the subject from I-25 via Pueblo Boulevard and travel time from I-25 taking less than five minutes. Pueblo Memorial Airport is about 7 miles northeast, with approximately 13 minutes of travel time, and the Pueblo CBD is approximately 3 miles away.
For tenants and operators seeking a larger-format industrial setting with a fenced yard and the ability to support outdoor storage, this property provides a functioning distribution use today under an established lease. Buyers may also view the combination of on-site exterior storage area and stated building expansion capabilities as a practical fit for evolving warehouse and heavy industrial requirements.
The property is located in Minnequa Industrial Park, a newer industrial development characterized as offering a higher-end environment for a variety of manufacturing, distribution, and heavy industrial uses. Primary access is provided by Interstate 25, with access to the subject from I-25 via Pueblo Boulevard and travel time from I-25 taking less than five minutes. Pueblo Memorial Airport is about 7 miles northeast, with approximately 13 minutes of travel time, and the Pueblo CBD is approximately 3 miles away.
For tenants and operators seeking a larger-format industrial setting with a fenced yard and the ability to support outdoor storage, this property provides a functioning distribution use today under an established lease. Buyers may also view the combination of on-site exterior storage area and stated building expansion capabilities as a practical fit for evolving warehouse and heavy industrial requirements.
Key Highlights
- 86,218 SF industrial facility built in 2003 on a 20‑acre site
- Leased to Trane U.S. Inc., a subsidiary of Trane Technologies (Fortune 500), since January 2025
- Former Anheuser‑Busch distribution facility with an industrial distribution use history
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
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - 86,218 SF industrial facility on 20 acres, leased to Trane U.S. Inc. since January 2025.
Where is this distribution center located?
The property is located at 130 Greenhorn Drive 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: 86,218 SF industrial facility built in 2003 on a 20‑acre site; Leased to Trane U.S. Inc., a subsidiary of Trane Technologies (Fortune 500), since January 2025; Former Anheuser‑Busch distribution facility with an industrial distribution use history
