Industrial Flex Property with Secure
New
For Sale
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2840 Granada Blvd, Pueblo, CO 81005
Two separate buildings combine production, warehouse, storage, and office functions on a secure industrial site.
Property Size17,900 SF
Lot Size1.00 Acre
Price / SF$175
Days on Market4
Property Features for 2840 Granada Blvd
General Information
Standard status
Active
Size
17,900 SF
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
I-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Mezzanine
2,000 SF
Drive-In Doors
1
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Buildings
2
Listing Agency:
Cushman & Wakefield Colorado Springs Commercial
Listed By:
Aaron Horn · License #CO FA100007326
(719) 418-4070
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 2:30PM
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 Cushman & Wakefield Colorado Springs Commercial
Investment Insights
Based on property information with market context.
This approximately 17,900 SF industrial flex property includes two buildings on approximately 1 acre, with space for production, warehousing, storage, and offices. Building A contains approximately 5,900 SF with approximately 16' clear height, a 10' x 12' drive-in overhead door, evaporative cooling, office space, and a 54-panel rooftop solar array. Building B contributes approximately 12,000 SF, 480-volt three-phase power, 18'–24' clear heights, radiant warehouse heat, office HVAC, industrial racking, and approximately 2,000 SF of load-bearing mezzanine storage.
The site includes a fully fenced and gated loading area, concrete loading and parking areas, truck circulation, and secured outdoor space for equipment, fleet vehicles, or operational storage. Zoned I-2, the property is positioned near Pueblo Boulevard with connectivity to I-25 and Highway 50. The address is 2840 Granada Blvd, Pueblo, CO 81005.
The site includes a fully fenced and gated loading area, concrete loading and parking areas, truck circulation, and secured outdoor space for equipment, fleet vehicles, or operational storage. Zoned I-2, the property is positioned near Pueblo Boulevard with connectivity to I-25 and Highway 50. The address is 2840 Granada Blvd, Pueblo, CO 81005.
Key Highlights
- Approximately 17,900 SF across two industrial buildings on approximately 1 acre
- Building B includes 480‑volt three‑phase power and 18'–24' clear heights
- Building A offers approximately 16' clear height and a 10' x 12' drive‑in 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
$103,143
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
3.29%
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%
$2,062,860
$2.1M
Cap Rate 7%
$1,473,471
$1.5M
Cap Rate 9%
$1,146,033
$1.1M
Market Conditions
NOI Build-Up for 17,900 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
$124.6K $6.96/SF
− Vacancy
−$3.2K −$0.18/SF
EGI
$121.3K $6.78/SF
− OpEx
−$18.2K −$1.02/SF
NOI
$103.1K $5.76/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
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%
$2,062,860
Cap Rate 7%
$1,473,471
Cap Rate 9%
$1,146,033
Alternative Uses
Best Use
Warehouse
$1.47M
$1.29M – $1.72M
NOI $103,143 @ 7.0% cap · market cap 3.29%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,941 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,101 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two separate buildings combine production, warehouse, storage, and office functions on a secure industrial site.
Where is this flex space located?
The property is located at 2840 Granada Blvd Pueblo, CO.
What is the asking price?
The asking price for this property is $3,132,500.
What are key features of this property?
This property features: Approximately 17,900 SF across two industrial buildings on approximately 1 acre; Building B includes 480‑volt three‑phase power and 18'–24' clear heights; Building A offers approximately 16' clear height and a 10' x 12' drive‑in overhead door
