Multi-Tenant Office
For Sale
$725,000
1805 Fortino, Pueblo, CO 81008
Well-maintained three-unit office building with private offices, reception areas, and on-site parking near Highway 50.
Property Size5,260 SF
Price / SF$137.83
Days on Market238
Property Features for 1805 Fortino
General Information
Standard status
Active
Size
5,260 SF
Property subtype
General Commercial
Amenities
B-2
0x0
Building Details
Year Built
1985
Stories
1
Listing Agency:
Keller Williams Performance Realty
(719) 583-1100
Listed By:
The Steve Henson Sales Team · License #FA100036809
Source:
Xome
Added: Dec 28, 2025
Changed: Aug 23
Last Checked: Aug 21 at 9:15AM
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 Keller Williams Performance Realty
Investment Insights
Based on property information with market context.
Well-maintained multi-tenant office building featuring three units, two tenant occupied and one owner occupied. The functional layout includes private offices, reception areas, waiting rooms, and shared common areas, supporting a practical day-to-day workplace setup for multiple occupants.
The property is located just off Highway 50 on Fortino Blvd, with visibility and access to the surrounding commercial corridors. Ample on-site parking is available, and the location is described as convenient to Highway 50 and within one mile of I-25.
This offering presents a multi-unit office configuration designed for ongoing operational use, with both tenant and owner occupancy reflected in the current unit mix.
The property is located just off Highway 50 on Fortino Blvd, with visibility and access to the surrounding commercial corridors. Ample on-site parking is available, and the location is described as convenient to Highway 50 and within one mile of I-25.
This offering presents a multi-unit office configuration designed for ongoing operational use, with both tenant and owner occupancy reflected in the current unit mix.
Key Highlights
- Well‑maintained three‑unit office building built in 1985
- Three units total: two tenant occupied and one owner occupied
- Functional office layout with private offices, reception areas, and waiting rooms
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
7.95%
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 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$959.1K – $1.28M
NOI $76,726 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 units - Well-maintained three-unit office building with private offices, reception areas, and on-site parking near Highway 50.
Where is this office units located?
The property is located at 1805 Fortino Pueblo, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Well‑maintained three‑unit office building built in 1985; Three units total: two tenant occupied and one owner occupied; Functional office layout with private offices, reception areas, and waiting rooms
