Tenant-Occupied Office
For Sale
$725,000
2045 & 2047 Columbia, Pueblo, CO 81005
Commercial Sale, Pueblo, CO
Property Size4,240 SF
Lot Size0.53 Acres
Price / SF$170.99
Days on Market92
Property Features for 2045 & 2047 Columbia
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Starlite
Lot features
Corner Lot, Free Standing, Neighborhood Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1509474007
Size
4,240 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 7 Blk 2 Pueblo Metro Center Mall Filing No 4 A,Special Area Plan (Contg 11,911 Sq Ft) Formerly,#15-094-70-007
Tax Annual Amount
16697
Legal Description
Lot 7 Blk 2 Pueblo Metro Center Mall Filing No 4 A,Special Area Plan (Contg 11,911 Sq Ft) Formerly,#15-094-70-007
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Deanna Cozzolino · License #100034692
(719) 248-7832
Added: Jun 8
Changed: Sep 5
Last Checked: Sep 7 at 4:06PM
MLS# 240499
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 4,240-square-foot office building contains two tenant-occupied suites at 2045 and 2047 Columbia. The dental-office suite includes 8 operatory spaces, a lab, two private offices, a lobby, lounge, and reception area. The second suite is configured for a mortgage office with two large private offices, an open reception and conference area, and a kitchenette.
Client parking is positioned at the front, while staff parking is located behind the building. The rear entrance serves the 2047 suite only. Site improvements include sidewalk, curb and gutter, corner landscaping, and separate signage for the occupants. Built in 2007, the property has forced-air natural gas heating, central air, public water, and public sewer. The sale includes the building only; tenants retain their trade fixtures, furniture, equipment, and supplies. Zoning is B-4.
Client parking is positioned at the front, while staff parking is located behind the building. The rear entrance serves the 2047 suite only. Site improvements include sidewalk, curb and gutter, corner landscaping, and separate signage for the occupants. Built in 2007, the property has forced-air natural gas heating, central air, public water, and public sewer. The sale includes the building only; tenants retain their trade fixtures, furniture, equipment, and supplies. Zoning is B-4.
Key Highlights
- 4,240 SF office building with two tenant‑occupied suites
- Dental‑office layout includes 8 operatory spaces, lab, 2 private offices, lobby, lounge, and reception
- Mortgage‑office suite has 2 large private offices, open reception and conference area, and kitchenette
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
$49,460
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
6.82%
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%
$989,200
$989.2K
Cap Rate 7%
$706,571
$706.6K
Cap Rate 9%
$549,556
$549.6K
Market Conditions
NOI Build-Up for 4,240 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
$84.5K $19.92/SF
− Vacancy
−$2.0K −$0.48/SF
EGI
$82.4K $19.44/SF
− OpEx
−$33.0K −$7.78/SF
NOI
$49.5K $11.67/SF
Area
Pueblo, CO
Vacancy
2.40%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
40.00%
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%
$989,200
Cap Rate 7%
$706,571
Cap Rate 9%
$549,556
Alternative Uses
Best Use
Healthcare Medical
$706.6K
$618.3K – $824.3K
NOI $49,460 @ 7.0% cap · market cap 6.82%
Second Best
Office B
$663.7K
$580.8K – $774.3K
NOI $46,460 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$883.5K
$773.1K – $1.03M
NOI $61,847 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
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 - Two occupied office suites include dental and mortgage-office layouts with dedicated client and staff parking.
Where is this office building located?
The property is located at 2045 & 2047 Columbia 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: 4,240 SF office building with two tenant‑occupied suites; Dental‑office layout includes 8 operatory spaces, lab, 2 private offices, lobby, lounge, and reception; Mortgage‑office suite has 2 large private offices, open reception and conference area, and kitchenette
