Turnkey Assisted Living
2411 Lake Ave Pueblo, CO 81004
New
2411 Lake Ave, Pueblo, CO, 81004
$4,000,000
For Sale
$4,000,000
Turnkey assisted living setup with a multi-wing residential building and a 4,080 sq. ft. office building.
Property Size17,372 SF
Lot Size1.50 Acres
Price / SF$230.26
Days on Market2
Property Features for 2411 Lake Ave
General Information
- Standard status
- Active
- Size
- 17,372 SF
- Lot size
- 1.50 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 2001
Listing Agency
Real Broker, LLC DBA REAL
(720) 807-2890
Listed by
John Christie · License #FA100089442
Source
Xome
Added: Jul 17 Checked: Jul 18 at 4:17 am
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 Real Broker, LLC DBA REAL
Investment Insights
Based on property information with market context.
This turnkey commercial property includes a 4,080 sq. ft. office building and a 13,292 sq. ft. residential building configured for assisted living. The office building offers seven private offices (with potential for an eighth), a secured reception area, a conference room, multiple restrooms, and administrative workspace. The residential building includes indoor and outdoor exercise areas, a commercial kitchen, lounge, computer library, classroom, and four wings. Wings A, B, and C are monitored by a centralized security system and provide a combination of private and double-occupancy bedrooms, multiple bathrooms with showers, two additional kitchens, a laundry room, and a medical supply room. The fourth wing is secured separately and includes private bedrooms, its own lounge, kitchen, bathroom, secured office, and storage. Every bedroom is furnished with a bed, dresser, and mini refrigerator, supporting immediate occupancy.
The property is zoned for 77 beds with an option to expand. A 2018 passenger van with 53,000 miles is included with the asking price. The configuration and furnishing support uses such as residential care, workforce housing, educational, healthcare, government, or other institutional needs, as described in the offering materials.
The property is zoned for 77 beds with an option to expand. A 2018 passenger van with 53,000 miles is included with the asking price. The configuration and furnishing support uses such as residential care, workforce housing, educational, healthcare, government, or other institutional needs, as described in the offering materials.
Key Highlights
- Multi‑building setup on over 1.5 acres: 4,080 SF office building plus 13,292 SF residential building
- Residential building designed for beds: zoned for 77 beds with option to expand
- Residential layout with secured wings A, B, and C plus separately secured 4th wing
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.6k | $15.00 |
| − Vacancy | −$6.8k | −$0.39 |
| EGI | $253.8k | $14.61 |
| − OpEx | −$63.5k | −$3.65 |
| NOI | $190.4k | $10.96 |
17,372 SF · lease $15.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.17M
NOI $190,354 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $128,079 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,399 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Voyager Home Health Care — 1941 Lake Ave, Pueblo, CO 81004
FAQs
What type of property is this?
Assisted living facility - Turnkey assisted living setup with a multi-wing residential building and a 4,080 sq. ft. office building.
Where is this assisted living facility located?
The property is located at 2411 Lake Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Multi‑building setup on over 1.5 acres: 4,080 SF office building plus 13,292 SF residential building; Residential building designed for beds: zoned for 77 beds with option to expand; Residential layout with secured wings A, B, and C plus separately secured 4th wing
