Leased Service-Industrial Asset in
32920 Walt Basset Ave, Pueblo, CO 81001
Fully leased industrial property with long-term tenant in place.
Type:Office, Industrial
Property size:
14,946 SFLot size:
1.95 AcresPrice / SF:
$131/SF- Added:
- Sep 29, 2025
- Days on Market:
- 230
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 32920 Walt Basset Ave
General Information
- Standard status
- Active
- Size
- 14,946 SF
- Lot size
- 1.95 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1980
Listing agent Heather McKeen License #CO FA.100084547
Listing office Cushman & Wakefield Colorado Springs Commercial
Listing date Sep 29, 2025
Source Crexi
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
HighLights
- Fully leased to United Site Services, a leading national provider, ensuring stable income.
- Meaningful remaining lease term provides long‑term income visibility.
- ±1.95 acre site with a secure, fully fenced yard and excellent vehicular circulation.
- Multiple drive‑in doors support fleet and equipment movement.
- Functional real estate with tenant‑friendly operating costs and limited replacement options.
- Improvements include steel and concrete buildings providing practical coverage for dispatch, storage, and maintenance.
Overview
The property is fully leased to United Site Services, a national provider of portable sanitation and temporary site services. The existing lease provides meaningful remaining term, offering income visibility aligned with essential, nondiscretionary demand across construction, infrastructure, events, municipal, and emergency response end markets. This fully leased, service-industrial asset in Pueblo offers stable fundamentals, including functional real estate, tenant-friendly operating costs, and limited replacement options, supporting long-term occupancy and income durability. Positioned on approximately 1.95 acres, the site features a secure, fully fenced yard with excellent vehicular circulation and multiple drive-in doors supporting fleet and equipment movement. Improvements include two steel buildings, one concrete building, and one open-sided steel structure, delivering practical coverage for dispatch, storage, light maintenance, and materials staging. The simple, durable construction and abundant yard functionality make this a hard-to-replicate service-industrial asset designed for day-to-day operations. The property contains 14,946 square feet of flex space, industrial, warehouse, and office space.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.82M
NOI $163,771 @ 9.00% cap · cautious / downside scenario
Moderate
$2.34M
NOI $163,771 @ 7.00% cap · market / base-case scenario
Aggressive
$3.28M
NOI $163,771 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.2k | $15.00 |
| − Vacancy | −$5.8k | −$0.39 |
| EGI | $218.4k | $14.61 |
| − OpEx | −$54.6k | −$3.65 |
| NOI | $163.8k | $10.96 |
14,946 SF · lease $15.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.34M
$2.05M – $2.73M
NOI $163,771 @ 7.0% cap · market cap 8.31%
Second Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,122 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,012 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
United Site Services
Building Supply
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.485693
- Latitude
- 38.281743
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Fully leased industrial property with long-term tenant in place.
Where is this flex space located?
The property is located at 32920 Walt Basset Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $1,970,891.
What are key features of this property?
This property features: Fully leased to United Site Services, a leading national provider, ensuring stable income.; Meaningful remaining lease term provides long‑term income visibility.; **±1.95 acre site with a secure, fully fenced yard and excellent vehicular circulation.**
