Fenced Self Storage
For Sale
$2,875,000
2308 S Prairie Ave, Pueblo, CO 81005
Storage operations include controlled entry, surveillance equipment, and additional land for future expansion.
Property Size35,826 SF
Lot Size3.80 Acres
Price / SF$80.25
Days on Market188
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Property Features for 2308 S Prairie Ave
General Information
Standard status
Active
Size
35,826 SF
Lot size
3.80 Acres
Property subtype
Commercial
Occupancy
64%
Net Operating Income
$148,171
Warehouse & Industrial
Warehouse Space
35,840 SF
Self-Storage Units
232
Additional Details
Fenced Yard
Yes
Amenities
Automated Gate
Security Lighting
Security Cameras
Motion Sensors
Building Details
Year Built
1997
Units
242
Listed By:
Ben Tracy · License #SA695918000 (AZ)
(602) 975-0820
Source:
Matthews
Added: Apr 11
Changed: Oct 9
Last Checked: Oct 14 at 7:40PM
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 Ben Tracy
Investment Insights
Based on property information with market context.
This mixed-use property includes a self-storage operation with approximately 232 units across 35,840 rentable square feet. The storage area occupies the central portion of the 3.8-acre site and includes land exceeding half an acre that can support expansion. Access is controlled through an automated gate, while security lighting, cameras, and motion sensors are installed throughout the fenced facility.
The front acre contains a commercial building with 4,000 rentable square feet of office and retail space, along with additional expansion land. The rear portion includes a Verizon cell tower subject to a long-term land lease, plus a small residential home and outbuildings. The property was built in 1997, with additions completed in 1999, and is located at 2308 S Prairie Ave in Pueblo, Colorado.
The front acre contains a commercial building with 4,000 rentable square feet of office and retail space, along with additional expansion land. The rear portion includes a Verizon cell tower subject to a long-term land lease, plus a small residential home and outbuildings. The property was built in 1997, with additions completed in 1999, and is located at 2308 S Prairie Ave in Pueblo, Colorado.
Key Highlights
- 35,840 rentable SF self‑storage facility with approximately 232 units
- 3.8‑acre property with over half an acre available for storage expansion
- Fully fenced storage area with automated gate access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,436
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,128,720
$4.1M
Cap Rate 7%
$2,949,086
$2.9M
Cap Rate 9%
$2,293,733
$2.3M
Market Conditions
NOI Build-Up for 35,826 SF
Gross rent
$249.3K $6.96/SF
− Vacancy
−$6.5K −$0.18/SF
EGI
$242.9K $6.78/SF
− OpEx
−$36.4K −$1.02/SF
NOI
$206.4K $5.76/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,128,720
Cap Rate 7%
$2,949,086
Cap Rate 9%
$2,293,733
Alternative Uses
Best Use
Office B
$5.61M
$4.91M – $6.54M
NOI $392,563 @ 7.0% cap · market cap 13.65%
Second Best
Mixed Use
$4.97M
$4.35M – $5.80M
NOI $348,229 @ 7.0% cap · market cap 12.11%
Theoretical Best
Office A
$7.47M
$6.53M – $8.71M
NOI $522,580 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
240
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Storage operations include controlled entry, surveillance equipment, and additional land for future expansion.
Where is this self storage facility located?
The property is located at 2308 S Prairie Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: 35,840 rentable SF self‑storage facility with approximately 232 units; 3.8‑acre property with over half an acre available for storage expansion; Fully fenced storage area with automated gate access
