Multi-Building Flex
For Sale
$845,000
302 Meade Ave, Pueblo, CO 81001
A multi-building site with warehouse bays, gated access, and A-2 zoning.
Property Size10,000 SF
Lot Size5.15 Acres
Days on Market166
Property Features for 302 Meade Ave
General Information
Standard status
Active
Size
10,000 SF
Lot size
5.15 Acres
Property subtype
Commercial
Zoning
A-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$2,318
Building Details
Building Size
10,000 SF
Year Built
1957
Stories
1
Listing Agency:
HomeSmart Preferred Realty
(719) 888-0180
Listed By:
Caroline Bourgeault · License #FA100091514
(719) 888-0180
Source:
Pikespeakdreamhomesrealty
Added: Mar 12
Changed: Aug 21
Last Checked: Aug 23 at 1:18PM
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 HomeSmart Preferred Realty
Investment Insights
Based on property information with market context.
This 5.15-acre flex property at 302 Meade Ave in Pueblo includes more than 10,000 square feet of existing structures. Improvements include a three-bay warehouse, additional metal buildings, open storage barns, and substantial yard area. Large roll-up doors, multiple electrical meters, and high electrical capacity support a range of operational requirements. The property also includes a 3-bedroom ranch residence for onsite living or management.
Two secure gated entrances provide access for trucks, equipment, and storage operations. Zoned A-2, the site is positioned minutes from downtown Pueblo and Highway 50. Existing concept plans illustrate potential for 120+ outdoor storage spaces and conversion of warehouse areas to indoor climate-controlled storage. The property was built in 1957 and combines land, buildings, storage areas, and residential improvements within one flex-oriented campus.
Two secure gated entrances provide access for trucks, equipment, and storage operations. Zoned A-2, the site is positioned minutes from downtown Pueblo and Highway 50. Existing concept plans illustrate potential for 120+ outdoor storage spaces and conversion of warehouse areas to indoor climate-controlled storage. The property was built in 1957 and combines land, buildings, storage areas, and residential improvements within one flex-oriented campus.
Key Highlights
- 5.15‑acre flex property with more than 10,000 square feet of existing structures
- Three‑bay warehouse plus metal buildings, open storage barns, and yard space
- A‑2 zoning supports contractor operations, equipment yards, storage, and agricultural uses
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
$57,622
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
6.82%
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%
$1,152,440
$1.2M
Cap Rate 7%
$823,171
$823.2K
Cap Rate 9%
$640,244
$640.2K
Market Conditions
NOI Build-Up for 10,000 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
$69.6K $6.96/SF
− Vacancy
−$1.8K −$0.18/SF
EGI
$67.8K $6.78/SF
− OpEx
−$10.2K −$1.02/SF
NOI
$57.6K $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%
$1,152,440
Cap Rate 7%
$823,171
Cap Rate 9%
$640,244
Alternative Uses
Best Use
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 11.50%
Second Best
Warehouse
$823.2K
$720.3K – $960.4K
NOI $57,622 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,866 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - A multi-building site with warehouse bays, gated access, and A-2 zoning.
Where is this flex space located?
The property is located at 302 Meade Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 5.15‑acre flex property with more than 10,000 square feet of existing structures; Three‑bay warehouse plus metal buildings, open storage barns, and yard space; A‑2 zoning supports contractor operations, equipment yards, storage, and agricultural uses
