Corner Office Building with
For Sale
$459,900
1300 N Elizabeth St, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size2,750 SF
Lot Size0.38 Acres
Price / SF$167.24
Days on Market61
Property Features for 1300 N Elizabeth St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Fencing
Fenced
Subdivision
Northside/Avenues
Lot features
Corner Lot, Free Standing
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525410007
Size
2,750 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 9-10-11 Blk 38 County Add
Tax Annual Amount
2426
Legal Description
Lots 9-10-11 Blk 38 County Add
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
lighted sign
shed
high ceilings
Cat 5 and Cat 6 wiring
Building Details
Year built
1950
Floors in Building
1
Roof type
Rubber, Flat
Listing Agency:
Believers Realty, Inc.
(719) 544-0400
Listed By:
Mary Highline
(719) 250-2020
Added: Jul 12
Changed: Sep 8
Last Checked: Sep 10 at 1:06PM
MLS# 240559
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building offers a reception area, two private offices, a flexible room suitable for conference or office use, a storeroom or additional office, and a kitchen area. Two ADA bathrooms support the existing layout, while high ceilings, bright windows, Cat 5 and Cat 6 wiring, central air, and forced-air natural gas heat add practical functionality. A fenced site includes a shed, parking, and a 4-car canopy/carport measuring 836 square feet.
The property occupies the corner of Elizabeth and 13th Streets, with entry from both streets. A lighted sign on a timer is grandfathered for its current size, height, and location and is visible from a block away. The office is located 6 blocks west of I-25 and has public water and sewer. A recently installed specialty roof includes additional foam beneath a silicone coating, with the warranty transferring to the buyer.
The property occupies the corner of Elizabeth and 13th Streets, with entry from both streets. A lighted sign on a timer is grandfathered for its current size, height, and location and is visible from a block away. The office is located 6 blocks west of I-25 and has public water and sewer. A recently installed specialty roof includes additional foam beneath a silicone coating, with the warranty transferring to the buyer.
Key Highlights
- B‑2 zoning with office layout and two ADA bathrooms
- 4‑car, 836‑square‑foot canopy/carport
- Access from both 13th and Elizabeth Streets
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
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Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - B-2-zoned office property with flexible work areas, public utilities, ADA bathrooms, and access from two streets.
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 and two ADA bathrooms; 4‑car, 836‑square‑foot canopy/carport; Access from both 13th and Elizabeth Streets
