Eight-Office Commercial
For Sale
$394,900
2729-31 N Elizabeth St, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size2,325 SF
Lot Size0.14 Acres
Price / SF$169.85
Days on Market295
Property Features for 2729-31 N Elizabeth St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Subdivision
Northside/Avenues
Lot features
Corner Lot
Elementary school
District 60
Middle school
District 60
High school
District 60
Standard status
Active
APN
524123001
Size
2,325 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 33 + 34 BLK 8 SOMERLID HEIGHTS ADD
Tax Annual Amount
849
Legal Description
LOTS 33 + 34 BLK 8 SOMERLID HEIGHTS ADD
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Natural Gas
Cooling system
Evaporative Cooling, Window Unit(s)
Water source
Public
Amenities
kitchen
conference room
covered back patio
Building Details
Year built
1971
Floors in Building
1
Roof type
Asphalt, Tar/Gravel
Listing Agency:
The Saucedo Real Estate Group
(719) 564-6622
Listed By:
The All Star Team
(719) 320-1822
Added: Dec 15, 2025
Changed: Sep 17
Last Checked: Oct 6 at 11:06PM
MLS# 235887
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 office building contains 2,325 square feet arranged with eight offices, a kitchen, and a dedicated conference room. A covered patio extends from the rear area, while heating is provided by hot water, natural gas, and baseboard systems. Cooling includes window units and evaporative equipment. The property also has a tar/gravel and asphalt roof.
Built in 1971, the building occupies a 0.14-acre parcel at 2729-31 N Elizabeth St in Pueblo, Colorado. Public water and public sewer serve the property, and the B-2 zoning designation supports its commercial office classification.
Built in 1971, the building occupies a 0.14-acre parcel at 2729-31 N Elizabeth St in Pueblo, Colorado. Public water and public sewer serve the property, and the B-2 zoning designation supports its commercial office classification.
Key Highlights
- 2,325‑square‑foot office building with 8 offices
- 8 offices, kitchen, and designated conference room
- 0.14‑acre parcel at 2729‑31 N Elizabeth St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,476
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,520
$509.5K
Cap Rate 7%
$363,943
$363.9K
Cap Rate 9%
$283,067
$283.1K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$34.9K $15.00/SF
− Vacancy
−$907 −$0.39/SF
EGI
$34.0K $14.61/SF
− OpEx
−$8.5K −$3.65/SF
NOI
$25.5K $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 Rate 5%
$509,520
Cap Rate 7%
$363,943
Cap Rate 9%
$283,067
Alternative Uses
Best Use
Office B
$363.9K
$318.5K – $424.6K
NOI $25,476 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.5K
$423.9K – $565.2K
NOI $33,914 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
620
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - B-2-zoned office property with a conference room, kitchen, covered patio, and public water and sewer service.
Where is this office building located?
The property is located at 2729-31 N Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: 2,325‑square‑foot office building with 8 offices; 8 offices, kitchen, and designated conference room; 0.14‑acre parcel at 2729‑31 N Elizabeth St
