Mixed-Use Property with Residential
New
For Sale
$4,000,000
2411 Lake Ave, Pueblo, CO 81004
Separate office and residential buildings provide administrative space, bedrooms, dining, exercise, and shared amenities.
Property Size17,372 SF
Lot Size1.50 Acres
Price / SF$230.26
Days on Market3
Property Features for 2411 Lake Ave
General Information
Standard status
Active
Size
17,372 SF
Lot size
1.50 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Lake Minnequa
Additional Details
Condition
Turnkey
Property Use
Office
Amenities
secured reception area
conference room
administrative workspace
Building Details
Building Size
17,372 SF
Year Built
2001
Buildings
2
Listing Agency:
Real Broker, LLC DBA REAL
Listed By:
John Christie · License #FA100089442
(720) 807-2890
Source:
Curtisryanrealestate
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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
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Investment Insights
Based on property information with market context.
The 17,372-square-foot property on more than 1.5 acres includes a 4,080-square-foot office building and a 13,292-square-foot residential building. The office component has seven private offices, with potential for an eighth, a secured reception area, conference room, restrooms, and administrative workspace. The residential building is arranged across four wings and includes bedrooms, lounges, kitchens, a commercial kitchen, exercise areas, a computer library, classroom, laundry room, and medical supply room.
Wings A, B, and C have centralized security monitoring and contain 9 private bedrooms and 13 double-occupancy bedrooms. A separately secured fourth wing has 8 private bedrooms, a lounge, kitchen, bathroom, secured office, and storage. Furnishings in each bedroom include a bed, dresser, and mini refrigerator. The property is zoned for 77 beds, and a 2018 passenger van with 53,000 miles is included.
Wings A, B, and C have centralized security monitoring and contain 9 private bedrooms and 13 double-occupancy bedrooms. A separately secured fourth wing has 8 private bedrooms, a lounge, kitchen, bathroom, secured office, and storage. Furnishings in each bedroom include a bed, dresser, and mini refrigerator. The property is zoned for 77 beds, and a 2018 passenger van with 53,000 miles is included.
Key Highlights
- 17,372‑square‑foot property on more than 1.5 acres
- 4,080‑square‑foot office building with 7 offices and potential for an eighth
- 13,292‑square‑foot residential building divided into four wings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,647
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,052,940
$4.1M
Cap Rate 7%
$2,894,957
$2.9M
Cap Rate 9%
$2,251,633
$2.3M
Market Conditions
NOI Build-Up for 17,372 SF
Gross rent
$346.1K $19.92/SF
− Vacancy
−$8.3K −$0.48/SF
EGI
$337.7K $19.44/SF
− OpEx
−$135.1K −$7.78/SF
NOI
$202.6K $11.67/SF
Area
Pueblo, CO
Vacancy
2.40%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,052,940
Cap Rate 7%
$2,894,957
Cap Rate 9%
$2,251,633
Alternative Uses
Best Use
Healthcare Medical
$2.89M
$2.53M – $3.38M
NOI $202,647 @ 7.0% cap · market cap 5.07%
Second Best
Office B
$2.72M
$2.38M – $3.17M
NOI $190,354 @ 7.0% cap · market cap 4.76%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
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Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate office and residential buildings provide administrative space, bedrooms, dining, exercise, and shared amenities.
Where is this mixed-use property 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: 17,372‑square‑foot property on more than 1.5 acres; 4,080‑square‑foot office building with 7 offices and potential for an eighth; 13,292‑square‑foot residential building divided into four wings
