Live-Work Space with Central
For Sale
$349,900
600 E 11th St, Pueblo, CO 81001
COMMERCIAL - Pueblo, CO
Property Size1,638 SF
Lot Size0.22 Acres
Price / SF$213.61
Days on Market102
Property Features for 600 E 11th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-2
Subdivision
Eastside
Lot features
Corner Lot, Free Standing
Elementary school
Dist #60
Middle school
Dist #60
High school
Dist #60
Standard status
Active
APN
0430308005
Size
1,638 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 7 + 8 BLK 91 CONLEYS ADD
Tax Annual Amount
401
Legal Description
LOTS 7 + 8 BLK 91 CONLEYS ADD
Utilities
Sewer type
Public Sewer
Heating system
Space Heater, Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1931
Floors in Building
1
Roof type
Flat
Listing Agency:
Rocky Mountain Realty
(719) 569-7276
Listed By:
Jessica McCafferty · License #FA100094029
(719) 250-9850
Added: May 14
Changed: Aug 4
Last Checked: Aug 23 at 7:06AM
MLS# 232143
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Live-work space offering a commercial space and a possible connected living space. The property sits on a 0.2231-acre lot and has a total size of 1,638 SF. Built in 1931, the building features a flat roof and is serviced by public water and public sewer.
The property is located on the corner of Erie and 11th street, with easy access to HWY 50 and Interstate I-25, supporting a range of business uses.
For comfort and day-to-day operations, the property includes forced air heating, a space heater, and electric heating, along with central air cooling.
The property is located on the corner of Erie and 11th street, with easy access to HWY 50 and Interstate I-25, supporting a range of business uses.
For comfort and day-to-day operations, the property includes forced air heating, a space heater, and electric heating, along with central air cooling.
Key Highlights
- 0.2231‑acre lot with 1,638 SF live‑work/commercial space
- Built in 1931 with a flat roof
- Zoned I‑2
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,596
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?
Live-work space - I-2 zoned live-work property with central air and utilities including public water and public sewer.
Where is this live-work space 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: 0.2231‑acre lot with 1,638 SF live‑work/commercial space; Built in 1931 with a flat roof; Zoned I‑2
