Pueblo West Greenhouse with
For Sale
$495,000
43 Fabrication Drive, Pueblo West, CO 81007
9,120 SF Greenhouse with offices, suitable for grow operation.
Property Size9,120 SF
Price / SF$54.28
Days on Market169
Property Features for 43 Fabrication Drive
General Information
Standard status
Active
Size
9,120 SF
Property subtype
Industrial
Building Details
Building Size
9,120 SF
Year Built
2017
Listing Agency:
Miramont Commercial Real Estate
(719) 229-1585
Listed By:
Simon Penner
Source:
Miramontcre
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 22 at 4:54AM
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 Miramont Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 43 Fabrication Drive in Pueblo West, Colorado, this 9,120 square foot greenhouse with offices was constructed in 2017. The steel construction property is fully fenced and secured, featuring a concrete apron for enhanced parking and a 10-foot grade-level overhead door. Currently configured for a MMJ grow operation, it benefits from a robust power capacity. The property's layout and amenities make it suitable for a grow warehouse operation, and it could also be converted for basic industrial, office warehouse, and distribution activities. This well-maintained asset is situated in the Pueblo West area.
Key Highlights
- 9,120 SF Greenhouse with Offices suitable for MMJ grow operation or conversion to industrial, office warehouse, or distribution activities.
- Built in 2017 with steel construction.
- Robust power capacity ideal for grow operations.
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
$43,277
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
8.74%
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%
$865,540
$865.5K
Cap Rate 7%
$618,243
$618.2K
Cap Rate 9%
$480,856
$480.9K
Market Conditions
NOI Build-Up for 9,120 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
$63.5K $6.96/SF
− Vacancy
−$1.7K −$0.18/SF
EGI
$61.8K $6.78/SF
− OpEx
−$18.5K −$2.03/SF
NOI
$43.3K $4.75/SF
Area
Pueblo County, CO
Vacancy
2.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
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%
$865,540
Cap Rate 7%
$618,243
Cap Rate 9%
$480,856
Alternative Uses
Best Use
Warehouse
$750.7K
$656.9K – $875.9K
NOI $52,551 @ 7.0% cap · market cap 10.62%
Second Best
Industrial
$618.2K
$541.0K – $721.3K
NOI $43,277 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,030 @ 7.0% cap · market cap 26.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81007, CO
33,263
Population
12,678
Households
2.6
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
136.5 sq mi
ZIP Area
244
Density / Sq Mi
$95,419
Median Household Income
$50,572
Median Earnings
$1,319
Median Rent
$371,600
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - 9,120 SF Greenhouse with offices, suitable for grow operation.
Where is this warehouse located?
The property is located at 43 Fabrication Drive Pueblo West, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 9,120 SF Greenhouse with Offices suitable for MMJ grow operation or conversion to industrial, office warehouse, or distribution activities.; Built in 2017 with steel construction.; Robust power capacity ideal for grow operations.
