Flex Space with 3-Phase
For Sale
Contact for pricing
24 North Research Drive, Pueblo, CO 81007
Industrial-zoned flex space combines office accommodations with warehouse functionality and substantial electrical service.
Property Size7,500 SF
Lot Size1.00 Acre
Price / SF$79.87
Days on Market11
Property Features for 24 North Research Drive
General Information
Standard status
Active
Size
7,500 SF
Class
C
Total Parking Spaces
15
Lot size
1.00 Acre
Property subtype
Industrial
Warehouse & Industrial
Power
600 amps
Three-Phase Power
Yes
Building Details
Year Built
2002
Building Size
7,500 SF
Listing Agency:
eXp Realty
Listed By:
lester colodny · License #IA40036159
Source:
Crexi
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 7:06PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 2002, this 7,500-square-foot flex property occupies 1.0 acre of industrial-zoned land. The layout includes 3 offices and 2 restrooms, creating dedicated administrative space within an industrial building. One overhead door is currently in place, while 2 additional openings have been prepared for future door installation.
The property is served by 600 amps of 3-phase power, supporting equipment-intensive operations and a range of commercial or industrial uses. Its combination of office space, warehouse area, overhead-door capacity, and industrial zoning may suit contractors, manufacturers, warehouse operators, and other industrial businesses.
The property is served by 600 amps of 3-phase power, supporting equipment-intensive operations and a range of commercial or industrial uses. Its combination of office space, warehouse area, overhead-door capacity, and industrial zoning may suit contractors, manufacturers, warehouse operators, and other industrial businesses.
Key Highlights
- 7,500 SF industrial building on 1.0 acre
- 600 amps of 3‑phase power
- 3 offices and 2 restrooms
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
$43,216
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
7.21%
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%
$864,320
$864.3K
Cap Rate 7%
$617,371
$617.4K
Cap Rate 9%
$480,178
$480.2K
Market Conditions
NOI Build-Up for 7,500 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
$52.2K $6.96/SF
− Vacancy
−$1.4K −$0.18/SF
EGI
$50.8K $6.78/SF
− OpEx
−$7.6K −$1.02/SF
NOI
$43.2K $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 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%
$864,320
Cap Rate 7%
$617,371
Cap Rate 9%
$480,178
Alternative Uses
Best Use
Warehouse
$617.4K
$540.2K – $720.3K
NOI $43,216 @ 7.0% cap · market cap 7.21%
Second Best
Industrial
$508.4K
$444.9K – $593.2K
NOI $35,590 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,400 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 81007, CO
33,263
Population
12,678
Households
2.6
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
136.5 sq mi
ZIP Area
244
Density / Sq Mi
$95,419
Median Household Income
$50,572
Median Earnings
$1,319
Median Rent
$371,600
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Industrial-zoned flex space combines office accommodations with warehouse functionality and substantial electrical service.
Where is this flex space located?
The property is located at 24 North Research Drive Pueblo, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 7,500 SF industrial building on 1.0 acre; 600 amps of 3‑phase power; 3 offices and 2 restrooms
