Multi-Building Flex
For Sale
$845,000
302 Meade Ave, Pueblo, CO 81001
Commercial Sale, Pueblo, CO
Property Size10,000 SF
Lot Size5.15 Acres
Price / SF$84.50
Days on Market65
Property Features for 302 Meade Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A-2
Parking features
Paved or Surfaced
Fencing
Fenced
Subdivision
Eastside
Lot features
Interior Lot
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0433010002
Size
10,000 SF
Lot size
5.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 LESS E 40 FT BLK 3 MEADOW GARDENS
Tax Annual Amount
2318
Legal Description
LOT 3 LESS E 40 FT BLK 3 MEADOW GARDENS
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Wood, Floor Furnace, Natural Gas, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Well
Building Details
Year built
1957
Floors in Building
1
Roof type
Metal
Listing Agency:
HomeSmart Preferred Realty · HomeSmart International
(719) 582-1046
Listed By:
Caroline Bourgeault · License #FA100091514
(719) 888-0180
Added: Jul 8
Changed: Sep 5
Last Checked: Sep 10 at 11:06AM
MLS# 238557
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.
Located at 302 Meade Ave in Pueblo, this A-2-zoned flex property combines 5.15 acres with more than 10,000 square feet of existing improvements. The site includes a three-bay warehouse, additional metal buildings, open storage barns, and a 3-bedroom ranch residence. Large roll-up doors, high electrical capacity, multiple meters, paved or surfaced parking, and extensive fenced yard areas support a range of commercial configurations.
Two gated entrances provide access for trucks, equipment, and storage activity. The property is near downtown Pueblo and Highway 50, with a well water source and septic tank system. Existing concept plans illustrate 120+ outdoor storage spaces and conversion of warehouse areas to indoor climate-controlled storage. Heating includes forced air, natural gas, wood, floor furnace, and electric systems; cooling is provided by central air and ceiling fans.
Two gated entrances provide access for trucks, equipment, and storage activity. The property is near downtown Pueblo and Highway 50, with a well water source and septic tank system. Existing concept plans illustrate 120+ outdoor storage spaces and conversion of warehouse areas to indoor climate-controlled storage. Heating includes forced air, natural gas, wood, floor furnace, and electric systems; cooling is provided by central air and ceiling fans.
Key Highlights
- 5.15‑acre A‑2‑zoned flex property in Pueblo
- Over 10,000 square feet of existing structures
- Three‑bay warehouse plus metal buildings and open storage barns
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
Office B
$1.57M
$1.37M – $1.83M
NOI $109,575 @ 7.0% cap · market cap 12.97%
Second Best
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 11.50%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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 fenced commercial property combines warehouse improvements, yard space, gated access, and onsite infrastructure for varied operations.
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 A‑2‑zoned flex property in Pueblo; Over 10,000 square feet of existing structures; Three‑bay warehouse plus metal buildings and open storage barns
