Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pueblo Landmark School For Sale Title is generated by Realmo AI

    736 W Evans Ave, Pueblo, CO 81004

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    Historic school building on 3.54 acres available for purchase.

    Type:Commercial/Industrial
    Property size:
    49,835 SF
    Lot size:
    3.54 Acres
    Price / SF:
    $28/SF
    Added:
    Jun 5, 2024
    Days on Market:
    721
    Last Refresh:
    May 20 at 2:45 am

    Property Features for 736 W Evans Ave

    General Information

    Standard status
    Active
    Size
    49,835 SF
    Lot size
    3.54 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1931

    We can help!

    Listing Contact
    Stephen Henson Jr.
    Stephen Henson Jr.

    Listing agent Stephen Henson Jr. License #FA100036809

    Listing office Keller Williams Performance Realty

    Listing date Jun 5, 2024

    Source Exitrealty

    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 Keller Williams Performance Realty

    HighLights

    • Historically significant Pueblo Landmark designed by renowned architect Walter DeMordaunt.
    • Substantial 3.54‑acre lot.
    • Unique Spanish Colonial Revival architectural style.
    • High‑visibility location along Highway 96 with an AADT of 18,000.
    • Built in 1931, offering vintage charm.
    • Carlile School building presents a great opportunity.

    Overview

    This property presents an opportunity to acquire a Pueblo landmark, the Carlile school, constructed in the 1930s. Designed by architect Walter DeMordaunt, the building showcases Spanish Colonial Revival styling with notable architectural features. The property occupies 3.54 acres of land situated along Highway 96, with an Average Annual Daily Traffic (AADT) count of 18,000 per day, according to CDOT. Deed restrictions are in place. The property size is 49,835 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.631
    Latitude
    38.2647

    Nearby Similar for Sale

    • $599,900
      5,745 SF

      Pueblo Commercial Property For Sale

      Mixed-use commercial property with retail and office spaces available.
      411 S Pueblo Blvd, Pueblo, CO 81005
      View Details
    • $499,000
      4,032 SF

      Versatile Office Building in Pueblo

      Turnkey office building with income potential and flexible space.
      2410 N Grand Ave, Pueblo, CO 81003
      View Details
    • $695,000
      5,260 SF

      Multi-Tenant Office Building For Sale

      Well-maintained office building with highway access and tenant occupancy.
      1805 Fortino, Pueblo, CO 81008
      View Details
    • $889,000
      5,160 SF

      Downtown Commercial Property For Sale

      Prime commercial property in Historic Downtown Pueblo with high visibility.
      127 N Santa Fe Ave, Pueblo, CO 81003
      View Details
    • $1,250,000
      8,627 SF

      Pueblo Commercial Investment Opportunity

      Prime commercial property in downtown Pueblo with long-term NNN lease.
      1414 W 4th St, Pueblo, CO 81004
      View Details
    • $2,350,000
      23,534 SF

      Pueblo Commercial Opportunity For Sale

      23,534 SF building on 2.6 acres in Pueblo, Colorado.
      4106 Outlook Blvd, Pueblo, CO 81008
      View Details
    • $490,000
      2,499 SF

      Unique Commercial Buildings in Pueblo

      Two commercial buildings in historic downtown Pueblo near Riverwalk.
      825 N Greenwood St, Pueblo, CO 81003
      View Details
    • $3,800,000
      24,515 SF

      Multi-Tenant Commercial Complex For Sale

      Stabilized, income-producing commercial complex in a desirable location.
      4104 Outlook Blvd, Pueblo, CO 81008
      View Details
    • $900,000
      5,152 SF

      Historic Downtown Pueblo Commercial Building

      Iconic building with flexible commercial uses in high-traffic location.
      311 N Santa Fe, Pueblo, CO 81003
      View Details
    • $450,000
      4,219 SF

      Historic Pueblo Commercial Property

      Unique building with architectural appeal in central Pueblo location.
      400 Broadway Ave, Pueblo, CO 81004
      View Details
    • $499,500
      5,145 SF

      Remodeled Financial Building in Pueblo

      Remodeled commercial building with 5,000+ sq ft in downtown Pueblo.
      101 N Main St, Pueblo, CO 81003
      View Details
    • $785,000
      5,629 SF

      Historic Bowen Mansion For Sale

      Historic mansion suitable for various commercial uses.
      229 W 12th St, Pueblo, CO 81003
      View Details

    FAQs

    What type of property is this?
    School - Historic school building on 3.54 acres available for purchase.
    Where is this school located?
    The property is located at 736 W Evans Ave Pueblo, CO.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Historically significant Pueblo Landmark designed by renowned architect Walter DeMordaunt.; Substantial 3.54‑acre lot.; Unique Spanish Colonial Revival architectural style.
    (719) 251-7055
    We can help!
    Listing Contact
    Stephen Henson Jr.
    Stephen Henson Jr.
    Real Estate License ID: FA100036809
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    736 W Evans Ave, Pueblo, CO 81004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!