Office Building with Detached
For Sale
$499,000
2410 N Grand Ave, Pueblo, CO 81003
COMMERCIAL - Pueblo, CO
Property Size4,032 SF
Lot Size0.39 Acres
Price / SF$123.76
Days on Market52
Property Features for 2410 N Grand Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Northside/Avenues
Lot features
Office Center, Free Standing, General Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0524417012
Size
4,032 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 10 TO 13 INC BLK 8 GARFIELD PL
Tax Annual Amount
3878
Legal Description
LOTS 10 TO 13 INC BLK 8 GARFIELD PL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
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 2
Changed: Aug 4
Last Checked: Aug 22 at 4:06PM
MLS# 240034
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 4,032-square-foot office building offers a flexible layout for one occupant or multiple users. The interior includes a reception area, 12 private offices, a conference room, break room and kitchenette, three handicap-accessible restrooms, plus additional work or storage areas. Recent improvements include replacement rooftop HVAC units, electrical system updates, and refreshed interior finishes.
A detached 960-square-foot garage with a 12-foot overhead door provides additional storage or equipment space. The property occupies 0.39 acres on N Grand Ave in Pueblo, near commercial corridors and minutes from I-25. B-4 Central Business District zoning supports a variety of professional office and service uses, subject to verification with the City of Pueblo. Public water and sewer serve the property, with natural gas and forced-air heating and central air conditioning.
A detached 960-square-foot garage with a 12-foot overhead door provides additional storage or equipment space. The property occupies 0.39 acres on N Grand Ave in Pueblo, near commercial corridors and minutes from I-25. B-4 Central Business District zoning supports a variety of professional office and service uses, subject to verification with the City of Pueblo. Public water and sewer serve the property, with natural gas and forced-air heating and central air conditioning.
Key Highlights
- 4,032‑square‑foot office building on 0.39 acres
- 12 private offices, conference room, reception area, and additional work or storage space
- Detached 960‑square‑foot garage with a 12‑foot overhead door
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
Lease Details
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - B-4 zoning supports a range of professional office and service uses.
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: 4,032‑square‑foot office building on 0.39 acres; 12 private offices, conference room, reception area, and additional work or storage space; Detached 960‑square‑foot garage with a 12‑foot overhead door
