Functional Office Building For
For Sale
Contact for pricing
2410 N GRAND AVE, Pueblo, CO 81003
Well-maintained office building near commercial corridors and I-25.
Property Size4,032 SF
Price / SF$123.76
Days on Market107
Property Features for 2410 N GRAND AVE
General Information
Standard status
Active
Size
4,032 SF
Class
B
Total Parking Spaces
12
Property subtype
Office
Zoning
B-4
Occupancy
100%
Building Details
Year Built
1973
Year Renovated
2021
Buildings
2
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Keller Williams Performance Realty
(719) 251-7055
Listed By:
Stephen Henson, CCIM · License #CO FA100036809
Source:
Crexi
Added: May 16
Changed: Aug 8
Last Checked: Jul 19 at 8:43AM
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.
This well-maintained office building is situated on N Grand Ave, near Pueblo's commercial corridors and in close proximity to I-25. The property features a functional office layout, including a reception/waiting area, twelve private offices, a conference room, and a break room/kitchenette. It also contains two restrooms and additional work or storage areas. A detached rear storage/shop building, equipped with an overhead door, offers added flexibility for file storage, equipment, or operational needs. On-site parking and city street access are available. The property is zoned B-4, Central Business District, which allows for a variety of potential professional office and service uses. The property size is 4,032 square feet.
Key Highlights
- Functional office layout featuring 12 private offices, a conference room, break room/kitchenette, and reception area.
- Detached rear storage/shop building with overhead door provides added flexibility.
- Located on N Grand Ave near commercial corridors and close to I‑25.
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
$44,181
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
8.85%
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%
$883,620
$883.6K
Cap Rate 7%
$631,157
$631.2K
Cap Rate 9%
$490,900
$490.9K
Market Conditions
NOI Build-Up for 4,032 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
$60.5K $15.00/SF
− Vacancy
−$1.6K −$0.39/SF
EGI
$58.9K $14.61/SF
− OpEx
−$14.7K −$3.65/SF
NOI
$44.2K $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%
$883,620
Cap Rate 7%
$631,157
Cap Rate 9%
$490,900
Alternative Uses
Best Use
Office B
$631.2K
$552.3K – $736.4K
NOI $44,181 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$840.2K
$735.2K – $980.2K
NOI $58,813 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
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 - Well-maintained office building near commercial corridors and I-25.
Where is this office building located?
The property is located at 2410 N GRAND AVE Pueblo, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Functional office layout featuring 12 private offices, a conference room, break room/kitchenette, and reception area.; Detached rear storage/shop building with overhead door provides added flexibility.; Located on N Grand Ave near commercial corridors and close to I‑25.
