Multi-Office Former Dental
For Sale
$370,000
643 S Pueblo Blvd, Pueblo, CO 81005
COMMERCIAL - Pueblo, CO
Property Size1,792 SF
Lot Size0.70 Acres
Price / SF$206.47
Days on Market44
Property Features for 643 S Pueblo Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Subdivision
Westwood Village
Lot features
Interior Lot
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1504119004
Size
1,792 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2 BLK 1 GERRINGER + GREGORICH SUB ALSO W2 VAC FRONTAGE RD ADJ TO LOT 1 BLK 1 FORMERLY 15-041-19-004
Tax Annual Amount
2024
Legal Description
Lot 2 BLK 1 GERRINGER + GREGORICH SUB ALSO W2 VAC FRONTAGE RD ADJ TO LOT 1 BLK 1 FORMERLY 15-041-19-004
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Whole House Fan
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Roof type
Asphalt
Listing Agency:
Sound Venture Realty
(719) 542-8426
Listed By:
Team Carleo
(719) 542-8426
Added: Jul 10
Changed: Aug 5
Last Checked: Aug 22 at 7:06PM
MLS# 236728
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.
This commercial office building was formerly used as a dental practice and is offered for sale with an existing interior layout that can support flexible occupancy. The current configuration is described as allowing for the potential to merge two separate offices, which may support reconfiguration for a multi-tenant setup or a consolidated office arrangement.
The property sits on approximately 0.704 acres and is located at 643 S Pueblo Blvd in Pueblo, Colorado. Zoning is listed as COM.
If you’re looking for a building that can be adapted from its current office setup, this former dental office provides a starting point with an on-site footprint sized to allow for both current operations and room to reconfigure.
The property sits on approximately 0.704 acres and is located at 643 S Pueblo Blvd in Pueblo, Colorado. Zoning is listed as COM.
If you’re looking for a building that can be adapted from its current office setup, this former dental office provides a starting point with an on-site footprint sized to allow for both current operations and room to reconfigure.
Key Highlights
- Commercial building originally used as a dentist office
- Approximately 3/4‑acre lot with space to expand or reconfigure the layout
- Layout includes potential to merge two separate offices for flexible workspace use
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
$20,904
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
5.65%
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%
$418,080
$418.1K
Cap Rate 7%
$298,629
$298.6K
Cap Rate 9%
$232,267
$232.3K
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
$35.7K $19.92/SF
− Vacancy
−$857 −$0.48/SF
EGI
$34.8K $19.44/SF
− OpEx
−$13.9K −$7.78/SF
NOI
$20.9K $11.67/SF
Area
Pueblo, CO
Vacancy
2.40%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
40.00%
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%
$418,080
Cap Rate 7%
$298,629
Cap Rate 9%
$232,267
Alternative Uses
Best Use
Healthcare Medical
$298.6K
$261.3K – $348.4K
NOI $20,904 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$280.5K
$245.5K – $327.3K
NOI $19,636 @ 7.0% cap · market cap 5.31%
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
Location Intelligence
Trade Area within ½ mile
187
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 - Office building with an existing layout that can be configured to merge two offices for flexible use.
Where is this office building located?
The property is located at 643 S 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: Commercial building originally used as a dentist office; Approximately 3/4‑acre lot with space to expand or reconfigure the layout; Layout includes potential to merge two separate offices for flexible workspace use
