Corner Mixed-Use
For Sale
$349,900
600 E 11th St, Pueblo, CO 81001
Commercial space includes a potential connected living area and carries an I-2 zoning designation.
Property Size1,638 SF
Days on Market454
Property Features for 600 E 11th St
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Commercial
Zoning
I-2
Site & Location
Corner Location
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$401
Building Details
Building Size
1,638 SF
Year Built
1931
Stories
1
Listing Agency:
Rocky Mountain Realty
(719) 250-9850
Listed By:
Jessica McCafferty · License #FA100094029
(719) 250-9850
Source:
Pikespeakdreamhomesrealty
Added: May 20, 2025
Changed: Aug 8
Last Checked: Aug 16 at 3:29PM
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 Rocky Mountain Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial area with a possible living space that may connect directly to the business area. The building was constructed in 1931 and is situated on a corner at Erie and 11th Street.
Access is available to Highway 50 and Interstate I-25, supporting connections to the broader Pueblo area. The property carries an I-2 zoning designation and offers a commercial building configuration with potential residential component, subject to verification of applicable approvals and permitted uses.
Access is available to Highway 50 and Interstate I-25, supporting connections to the broader Pueblo area. The property carries an I-2 zoning designation and offers a commercial building configuration with potential residential component, subject to verification of applicable approvals and permitted uses.
Key Highlights
- Mixed‑use property with commercial space and possible connected living area
- I‑2 zoning designation
- Corner location at Erie and 11th Street
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
$17,948
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
5.13%
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%
$358,960
$359.0K
Cap Rate 7%
$256,400
$256.4K
Cap Rate 9%
$199,422
$199.4K
Market Conditions
NOI Build-Up for 1,638 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
$24.6K $15.00/SF
− Vacancy
−$639 −$0.39/SF
EGI
$23.9K $14.61/SF
− OpEx
−$6.0K −$3.65/SF
NOI
$17.9K $10.96/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$358,960
Cap Rate 7%
$256,400
Cap Rate 9%
$199,422
Alternative Uses
Best Use
Office B
$256.4K
$224.4K – $299.1K
NOI $17,948 @ 7.0% cap · market cap 5.13%
Second Best
Mixed Use
$227.4K
$199.0K – $265.4K
NOI $15,921 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$341.3K
$298.7K – $398.2K
NOI $23,893 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Office 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?
Mixed-use property - Commercial space includes a potential connected living area and carries an I-2 zoning designation.
Where is this mixed-use property located?
The property is located at 600 E 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Mixed‑use property with commercial space and possible connected living area; I‑2 zoning designation; Corner location at Erie and 11th Street
