Furnished Short-Term Rental
For Sale
$489,900
515 W 11th St, Pueblo, CO 81003
Fully furnished operating accommodation with recent building-system updates and R-5 zoning.
Property Size1,944 SF
Days on Market136
Property Features for 515 W 11th St
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Multi Family Home
Zoning
R-5
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$1,236
Building Details
Building Size
1,944 SF
Year Built
1900
Stories
2
Units
4
Listing Agency:
Schwabe Real Estate Inc
(719) 406-1099
Listed By:
Bill Schwabe · License #EB00275181
(719) 406-1099
Source:
Pikespeakdreamhomesrealty
Added: Apr 10
Changed: Aug 21
Last Checked: Aug 22 at 12:47PM
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 Schwabe Real Estate Inc
Investment Insights
Based on property information with market context.
This operating short-term rental property is offered with its furnishings and household setup in place. The sale includes furniture, appliances, washer and dryer units, and household items, allowing the existing accommodation operation to continue with its current contents. The property carries R-5 zoning and was built in 1900.
Recent capital work includes a new roof with plywood decking, along with new gutters and downspouts. HVAC, plumbing, and electrical systems were also updated within the past year. The property is positioned near hospitals, downtown, and major employers in Pueblo, supporting its stated use for short-term and mid-term occupancy by guests, traveling professionals, and extended-stay tenants.
Recent capital work includes a new roof with plywood decking, along with new gutters and downspouts. HVAC, plumbing, and electrical systems were also updated within the past year. The property is positioned near hospitals, downtown, and major employers in Pueblo, supporting its stated use for short-term and mid-term occupancy by guests, traveling professionals, and extended-stay tenants.
Key Highlights
- Operating short‑term rental with furnishings, appliances, washer and dryer units, and household items included
- R‑5 zoning supports the property's established classification
- New roof with plywood decking, gutters, and downspouts
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
$14,333
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
2.93%
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%
$286,660
$286.7K
Cap Rate 7%
$204,757
$204.8K
Cap Rate 9%
$159,256
$159.3K
Market Conditions
NOI Build-Up for 1,944 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
$27.1K $13.92/SF
− Vacancy
−$1.0K −$0.52/SF
EGI
$26.1K $13.40/SF
− OpEx
−$11.7K −$6.03/SF
NOI
$14.3K $7.37/SF
Area
Pueblo, CO
Vacancy
3.70%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
45.00%
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%
$286,660
Cap Rate 7%
$204,757
Cap Rate 9%
$159,256
Alternative Uses
Best Use
Apartment 5plus
$204.8K
$179.2K – $238.9K
NOI $14,333 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.1K
$354.5K – $472.6K
NOI $28,356 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,016
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
Market
Vacancy Rate% for Multifamily 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?
Short term rental property - Fully furnished operating accommodation with recent building-system updates and R-5 zoning.
Where is this short term rental property located?
The property is located at 515 W 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Operating short‑term rental with furnishings, appliances, washer and dryer units, and household items included; R‑5 zoning supports the property's established classification; New roof with plywood decking, gutters, and downspouts
