Downtown Industrial Building For
For Sale
$1,100,000
311 Lamkin Street, Pueblo, CO 81003
Over 10,000 sq ft I-2 zoned commercial building.
Property Size10,240 SF
Price / SF$107.42
Days on Market386
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Property Features for 311 Lamkin Street
General Information
Standard status
Active
Size
10,240 SF
Property subtype
Industrial
Building Details
Building Size
10,240 SF
Listing Agency:
RE/MAX
Listed By:
Beth Gladney · License #FA1000076157
(719) 671-6776
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 2
Last Checked: Oct 14 at 7:32PM
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 RE/MAX
Investment Insights
Based on property information with market context.
This industrial commercial building offers over 10,000 square feet of space. Currently operating as a body shop, the open concept layout allows for flexible conversion to suit various needs. Located in the Union Historical area, it is one of the few remaining properties downtown with I-2 zoning. This property presents a terrific opportunity for various industrial or commercial ventures.
Key Highlights
- Over 10,000 sq feet of space
- I‑2 zoning
- Open concept building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,291
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,885,820
$1.9M
Cap Rate 7%
$1,347,014
$1.3M
Cap Rate 9%
$1,047,678
$1.0M
Market Conditions
NOI Build-Up for 10,240 SF
Gross rent
$142.5K $13.92/SF
− Vacancy
−$7.8K −$0.77/SF
EGI
$134.7K $13.15/SF
− OpEx
−$40.4K −$3.95/SF
NOI
$94.3K $9.21/SF
Area
Pueblo, CO
Vacancy
5.50%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,885,820
Cap Rate 7%
$1,347,014
Cap Rate 9%
$1,047,678
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,291 @ 7.0% cap · market cap 8.57%
Second Best
Industrial
$694.2K
$607.4K – $809.9K
NOI $48,592 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,367 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,997
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Over 10,000 sq ft I-2 zoned commercial building.
Where is this industrial property located?
The property is located at 311 Lamkin Street Pueblo, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Over 10,000 sq feet of space; I‑2 zoning; Open concept building
