Service-Industrial Asset with Fenced
For Sale
Contact for pricing
32920 Walt Basset Ave, Pueblo, CO
Functional industrial property with secure yard on 1.95 acres.
Property Size14,946 SF
Lot Size0.95 Acres
Price / SF$131.81
Days on Market344
Property Features for 32920 Walt Basset Ave
General Information
Standard status
Active
Size
14,946 SF
Lot size
0.95 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Colorado Springs Commercial
(719) 634-1500
Listed By:
Heather Mauro-McKeen
(719) 568-1389
Source:
Moodyscre
Added: Sep 26, 2025
Changed: Aug 21
Last Checked: Sep 1 at 11:01PM
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 service-industrial asset is positioned on approximately 1.95 acres. The site features a secure, fully fenced yard that provides vehicular circulation. Multiple drive-in doors support fleet and equipment movement. Improvements include two steel buildings, one concrete building, and one open-sided steel structure. These structures deliver coverage for dispatch, storage, light maintenance, and materials staging. The property offers approximately 14,946 square feet of space. The simple, durable construction and abundant yard functionality create a practical asset designed for day-to-day operations.
Key Highlights
- 1.95 acre site
- Secure, fully fenced yard
- Excellent vehicular circulation
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
$86,122
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
4.37%
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%
$1,722,440
$1.7M
Cap Rate 7%
$1,230,314
$1.2M
Cap Rate 9%
$956,911
$956.9K
Market Conditions
NOI Build-Up for 14,946 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
$104.0K $6.96/SF
− Vacancy
−$2.7K −$0.18/SF
EGI
$101.3K $6.78/SF
− OpEx
−$15.2K −$1.02/SF
NOI
$86.1K $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%
$1,722,440
Cap Rate 7%
$1,230,314
Cap Rate 9%
$956,911
Alternative Uses
Best Use
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,122 @ 7.0% cap · market cap 4.37%
Second Best
Industrial
$1.01M
$886.6K – $1.18M
NOI $70,924 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,012 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A1 Security Rv and Boat Storage — 31890 CO-96, Pueblo, CO 81006
Frequently Asked Questions
What type of property is this?
Warehouse - Functional industrial property with secure yard on 1.95 acres.
Where is this warehouse located?
The property is located at 32920 Walt Basset Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: 1.95 acre site; Secure, fully fenced yard; Excellent vehicular circulation
