Office Units with Conference
For Sale
$349,000
2441 Prairie Ave, Pueblo, CO 81005
Flexible professional layout includes private work areas, meeting space, and an equipped breakroom.
Property Size2,919 SF
Price / SF$119.56
Days on Market8
Property Features for 2441 Prairie Ave
General Information
Standard status
Active
Size
2,919 SF
Property subtype
General Commercial
Amenities
office areas
conference rooms
breakroom
Building Details
Year Built
2011
Listing Agency:
Keller Williams Performance Realty
(719) 583-1100
Listed By:
The Blickenstaff Group
Source:
Xome
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 22 at 4:11AM
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.
Located at 2441 Prairie Ave in Pueblo, this 2,919-square-foot office property was constructed in 2011. The interior includes several office areas, large conference rooms, and a breakroom equipped with a stove, refrigerator, and dishwasher.
The configuration can accommodate a single business user or be arranged into separate portions, subject to applicable requirements. Its established professional layout and multiple meeting areas provide a practical foundation for owner occupancy or continued office use.
The configuration can accommodate a single business user or be arranged into separate portions, subject to applicable requirements. Its established professional layout and multiple meeting areas provide a practical foundation for owner occupancy or continued office use.
Key Highlights
- 2,919‑square‑foot office property in Pueblo
- Built in 2011
- Multiple office areas support a range of workspace configurations
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
$31,985
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
9.16%
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%
$639,700
$639.7K
Cap Rate 7%
$456,929
$456.9K
Cap Rate 9%
$355,389
$355.4K
Market Conditions
NOI Build-Up for 2,919 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
$43.8K $15.00/SF
− Vacancy
−$1.1K −$0.39/SF
EGI
$42.6K $14.61/SF
− OpEx
−$10.7K −$3.65/SF
NOI
$32.0K $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%
$639,700
Cap Rate 7%
$456,929
Cap Rate 9%
$355,389
Alternative Uses
Best Use
Office B
$456.9K
$399.8K – $533.1K
NOI $31,985 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
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 units - Flexible professional layout includes private work areas, meeting space, and an equipped breakroom.
Where is this office units located?
The property is located at 2441 Prairie Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,919‑square‑foot office property in Pueblo; Built in 2011; Multiple office areas support a range of workspace configurations
