Multi-Tenant Office
For Sale
$670,000
1805 Fortino, Pueblo, CO 81008
Commercial Sale, Pueblo, CO
Property Size5,260 SF
Lot Size0.33 Acres
Price / SF$127.38
Days on Market58
Property Features for 1805 Fortino
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Subdivision
Northridge/Eagleridge
Lot features
Corner Lot, Office Center, Free Standing, General Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0514132010
Size
5,260 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 8 + 9 BLK 5 GATEWAY SUB 1ST FORMERLY #05141-32-007 + 008
Tax Annual Amount
5618
Legal Description
LOTS 8 + 9 BLK 5 GATEWAY SUB 1ST FORMERLY #05141-32-007 + 008
Utilities
Sewer type
Public Sewer
Heating system
Solar (Heating), Natural Gas, Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Roof type
Flat
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
The Steve Henson Sales Team · License #1999023818
(404) 668-6621
Added: Jul 15
Changed: Sep 5
Last Checked: Sep 10 at 1:06PM
MLS# 237240
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 5,260-square-foot office building was constructed in 1985 on a 0.33-acre parcel and contains three units. Two units are tenant occupied, while the third is used by the owner. Interior improvements include private offices, reception areas, waiting rooms, and shared common areas, providing a practical layout for professional operations. The property has a flat roof, central air, and heating through solar, natural gas, electric, and forced-air systems.
Located at 1805 Fortino in Pueblo, the property sits near Highway 50 and within one mile of I-25. Public water and public sewer serve the site, and on-site parking is available. B-2 zoning and established office improvements support continued office use.
Located at 1805 Fortino in Pueblo, the property sits near Highway 50 and within one mile of I-25. Public water and public sewer serve the site, and on-site parking is available. B-2 zoning and established office improvements support continued office use.
Key Highlights
- 5,260‑square‑foot office building on 0.33 acres
- Three units: two tenant occupied and one owner occupied
- Private offices, reception areas, waiting rooms, and shared common areas
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
$57,636
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
8.60%
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%
$1,152,720
$1.2M
Cap Rate 7%
$823,371
$823.4K
Cap Rate 9%
$640,400
$640.4K
Market Conditions
NOI Build-Up for 5,260 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
$78.9K $15.00/SF
− Vacancy
−$2.1K −$0.39/SF
EGI
$76.8K $14.61/SF
− OpEx
−$19.2K −$3.65/SF
NOI
$57.6K $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%
$1,152,720
Cap Rate 7%
$823,371
Cap Rate 9%
$640,400
Alternative Uses
Best Use
Office B
$823.4K
$720.5K – $960.6K
NOI $57,636 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$959.1K – $1.28M
NOI $76,726 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Explore this area
Business Placement
Demographics for 81008, CO
11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Private offices, reception areas, waiting rooms, and shared common areas create a functional professional setting.
Where is this office building located?
The property is located at 1805 Fortino Pueblo, CO.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 5,260‑square‑foot office building on 0.33 acres; Three units: two tenant occupied and one owner occupied; Private offices, reception areas, waiting rooms, and shared common areas
