Industrial Auto Shop with
For Sale
$75,000
Pending
706 Elizabeth St, Pueblo, CO 81003
Industrial building with two overhead garage doors, open shop/work areas, office space, restroom, and concrete floors.
Property Size1,440 SF
Days on Market26
Property Features for 706 Elizabeth St
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
General Commercial
Zoning
I-2
Additional Details
Road Access
Yes
Drive-In Doors
2
Amenities
3
35x58
Building Details
Year Built
1949
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 546-1717
Listed By:
Team Gary Miller · License #000277441
Source:
Xome
Added: Jul 17
Changed: Aug 8
Last Checked: Aug 11 at 5:06AM
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 RE/MAX Of Pueblo Inc
Investment Insights
Based on property information with market context.
This commercial industrial property offers approximately 1,440 sq. ft. of functional space, with two overhead garage doors of different heights for vehicle and equipment access. The interior includes open shop and work areas, dedicated office space, a restroom, concrete floors, built-in work surfaces, and storage-suitable areas. Multiple windows provide natural light throughout the workspace.
The property is located along N Elizabeth Street with alley access along the side, providing convenient access from more than one direction.
Zoned I-2 Industrial District, the site is positioned for a range of potential uses including contractor shops, automotive repair, manufacturing and production, equipment rental, repair shops, certain retail sales, storage, wholesaling, woodworking, and other permitted uses. Buyers should verify their intended use and all zoning requirements with the City of Pueblo. Business equipment, trade fixtures, tools, machinery, shelving, inventory, and other personal property are not included in the sale price but may be negotiated separately.
The property is located along N Elizabeth Street with alley access along the side, providing convenient access from more than one direction.
Zoned I-2 Industrial District, the site is positioned for a range of potential uses including contractor shops, automotive repair, manufacturing and production, equipment rental, repair shops, certain retail sales, storage, wholesaling, woodworking, and other permitted uses. Buyers should verify their intended use and all zoning requirements with the City of Pueblo. Business equipment, trade fixtures, tools, machinery, shelving, inventory, and other personal property are not included in the sale price but may be negotiated separately.
Key Highlights
- Commercial industrial building with 1,440 sq. ft. of functional indoor space
- Two overhead garage doors (different heights) for vehicle, equipment, and delivery access
- Open shop and work areas plus dedicated office space and restroom
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
$6,833
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
9.11%
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%
$136,660
$136.7K
Cap Rate 7%
$97,614
$97.6K
Cap Rate 9%
$75,922
$75.9K
Market Conditions
NOI Build-Up for 1,440 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
$10.0K $6.96/SF
− Vacancy
−$261 −$0.18/SF
EGI
$9.8K $6.78/SF
− OpEx
−$2.9K −$2.03/SF
NOI
$6.8K $4.75/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
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%
$136,660
Cap Rate 7%
$97,614
Cap Rate 9%
$75,922
Alternative Uses
Best Use
Retail
$189.4K
$165.8K – $221.0K
NOI $13,260 @ 7.0% cap · market cap 17.68%
Second Best
Industrial
$97.6K
$85.4K – $113.9K
NOI $6,833 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$300.1K
$262.6K – $350.1K
NOI $21,005 @ 7.0% cap · market cap 28.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with two overhead garage doors, open shop/work areas, office space, restroom, and concrete floors.
Where is this flex space located?
The property is located at 706 Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Commercial industrial building with 1,440 sq. ft. of functional indoor space; Two overhead garage doors (different heights) for vehicle, equipment, and delivery access; Open shop and work areas plus dedicated office space and restroom
