Office Building with Flexible
For Sale
$370,000
643 Pueblo Blvd, Pueblo, CO 81005
Single office building on approximately 3/4-acre, formerly used as a dentist, with layout flexibility for multiple workspace configurations.
Property Size1,792 SF
Lot Size0.75 Acres
Price / SF$206.47
Days on Market209
Property Features for 643 Pueblo Blvd
General Information
Standard status
Active
Size
1,792 SF
Lot size
0.75 Acres
Property subtype
General Commercial
Additional Details
Office Units
2
Amenities
3
30x75
Building Details
Year Built
1998
Listing Agency:
Sound Venture Realty
(719) 542-8426
Listed By:
Team Carleo
Source:
Xome
Added: Jan 15
Changed: Aug 12
Last Checked: Aug 12 at 3:20AM
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 Sound Venture Realty
Investment Insights
Based on property information with market context.
This well-located commercial office building was formally used as a dentist and is suited for a wide range of business uses. The property sits on approximately 3/4 of an acre and includes an existing layout that allows for the potential to merge two separate offices, supporting flexible configuration for different operating needs.
The listing highlights strong exposure, citing excellent visibility and high daily traffic counts. The building is positioned to serve businesses seeking a prominent presence.
For buyers looking for a property that can support more than one setup within the existing office framework, this versatile building offers a straightforward path to reconfigure the space while maintaining an office-focused footprint.
The listing highlights strong exposure, citing excellent visibility and high daily traffic counts. The building is positioned to serve businesses seeking a prominent presence.
For buyers looking for a property that can support more than one setup within the existing office framework, this versatile building offers a straightforward path to reconfigure the space while maintaining an office-focused footprint.
Key Highlights
- Single office commercial building on approximately 3/4‑acre (30x75 lot dimensions)
- Formerly used as a dentist; designed for professional office use
- Layout flexibility: potential to merge two separate offices for multiple workspace configurations
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
$19,636
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
5.31%
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%
$392,720
$392.7K
Cap Rate 7%
$280,514
$280.5K
Cap Rate 9%
$218,178
$218.2K
Market Conditions
NOI Build-Up for 1,792 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
$26.9K $15.00/SF
− Vacancy
−$699 −$0.39/SF
EGI
$26.2K $14.61/SF
− OpEx
−$6.5K −$3.65/SF
NOI
$19.6K $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%
$392,720
Cap Rate 7%
$280,514
Cap Rate 9%
$218,178
Alternative Uses
Best Use
Office B
$280.5K
$245.5K – $327.3K
NOI $19,636 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.4K
$326.7K – $435.7K
NOI $26,139 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single office building on approximately 3/4-acre, formerly used as a dentist, with layout flexibility for multiple workspace configurations.
Where is this office building located?
The property is located at 643 Pueblo Blvd Pueblo, CO.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Single office commercial building on approximately 3/4‑acre (30x75 lot dimensions); Formerly used as a dentist; designed for professional office use; Layout flexibility: potential to merge two separate offices for multiple workspace configurations
