Office Building with Covered
For Sale
$459,900
1300 N Elizabeth St, Pueblo, CO 81003
B-2-zoned office property with reception, offices, kitchen, storage, and ADA bathrooms.
Property Size2,750 SF
Days on Market73
Property Features for 1300 N Elizabeth St
General Information
Standard status
Active
Size
2,750 SF
Property subtype
Commercial
Zoning
B-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,425
Amenities
high ceilings
bright sunny windows
Cat 5 and Cat 6 wiring
tall lighted sign
shed
Building Details
Building Size
2,750 SF
Year Built
1950
Stories
1
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Believers Realty, Inc.
(719) 250-2020
Listed By:
Mary Highline · License #00305021
(719) 250-2020
Source:
Pikespeakdreamhomesrealty
Added: Jun 11
Changed: Aug 22
Last Checked: Aug 22 at 12:46PM
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 Believers Realty, Inc.
Investment Insights
Based on property information with market context.
This office property includes a reception area, two offices, a flexible additional room suitable for storage or office use, and a kitchen. Two ADA bathrooms serve the building. High ceilings, abundant windows, Cat 5 and Cat 6 wiring, and a recently installed specialty roof with a transferable warranty are also included. A shed remains with the property.
The building is located at 1300 N Elizabeth St at the corner of Elizabeth and 13th streets in Pueblo, with access from both streets. It is six blocks west of I-25 and near Parkview Hospital. A lighted sign on a timer is grandfathered for its existing size, height, and location. The property also provides a 4-car, 836 square foot canopy/carport and parking, with buyers to confirm parking and building square footage.
The building is located at 1300 N Elizabeth St at the corner of Elizabeth and 13th streets in Pueblo, with access from both streets. It is six blocks west of I-25 and near Parkview Hospital. A lighted sign on a timer is grandfathered for its existing size, height, and location. The property also provides a 4-car, 836 square foot canopy/carport and parking, with buyers to confirm parking and building square footage.
Key Highlights
- B‑2 zoning with office layout featuring a reception area, 2 offices, kitchen, storage or office space, and 2 ADA bathrooms
- 4‑car, 836 square foot canopy/carport included
- Access from both 13th and Elizabeth streets at a corner location
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
$30,133
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
6.55%
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%
$602,660
$602.7K
Cap Rate 7%
$430,471
$430.5K
Cap Rate 9%
$334,811
$334.8K
Market Conditions
NOI Build-Up for 2,750 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
$41.3K $15.00/SF
− Vacancy
−$1.1K −$0.39/SF
EGI
$40.2K $14.61/SF
− OpEx
−$10.0K −$3.65/SF
NOI
$30.1K $10.96/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$602,660
Cap Rate 7%
$430,471
Cap Rate 9%
$334,811
Alternative Uses
Best Use
Office B
$430.5K
$376.7K – $502.2K
NOI $30,133 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.0K
$501.4K – $668.6K
NOI $40,113 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,016
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - B-2-zoned office property with reception, offices, kitchen, storage, and ADA bathrooms.
Where is this office building located?
The property is located at 1300 N Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: B‑2 zoning with office layout featuring a reception area, 2 offices, kitchen, storage or office space, and 2 ADA bathrooms; 4‑car, 836 square foot canopy/carport included; Access from both 13th and Elizabeth streets at a corner location
