Multi-Tenant Office
For Sale
$670,000
1805 Fortino, Pueblo, CO 81008
COMMERCIAL - Pueblo, CO
Property Size5,260 SF
Lot Size0.33 Acres
Price / SF$127.38
Days on Market24
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, Forced Air, Electric (Heating)
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
(719) 583-1100
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 7 at 12:06PM
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.
Well-maintained multi-tenant office building zoned B-2, featuring three units with a functional layout of private offices, reception areas, waiting rooms, and shared common areas. Two units are tenant occupied and one unit is owner occupied. The building sits on a 0.33-acre lot and totals 5,260 square feet. Built in 1985, the property has a flat roof and is served by public water and public sewer. Heating is available via forced air with electric and natural gas, with solar heating noted; cooling is provided by central air.
Located just off Highway 50 on Fortino Blvd with excellent visibility and access, the building is positioned among surrounding commercial corridors. It also offers convenient access to Highway 50 and is within one mile of I-25. Ample on-site parking supports tenant and visitor access.
The mix of tenant-occupied and owner-occupied units can fit either an investment-focused buyer or an owner-occupant seeking additional leased space within a purpose-built office environment.
Located just off Highway 50 on Fortino Blvd with excellent visibility and access, the building is positioned among surrounding commercial corridors. It also offers convenient access to Highway 50 and is within one mile of I-25. Ample on-site parking supports tenant and visitor access.
The mix of tenant-occupied and owner-occupied units can fit either an investment-focused buyer or an owner-occupant seeking additional leased space within a purpose-built office environment.
Key Highlights
- Three‑unit multi‑tenant office building with private offices and reception areas
- 0.33‑acre lot with 5,260 SF of office space
- Zoned B‑2
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
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
830
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building zoned B-2 with three units, central air, and ample on-site parking near Highway 50 and I-25.
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: Three‑unit multi‑tenant office building with private offices and reception areas; 0.33‑acre lot with 5,260 SF of office space; Zoned B‑2
