Remodeled Office Units with Garage
For Sale
$299,900
801 N Grand Ave, Pueblo, CO 81003
COMMERCIAL - Pueblo, CO
Property Size2,260 SF
Lot Size0.08 Acres
Price / SF$132.70
Days on Market128
Property Features for 801 N Grand Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Security features
Security System
Subdivision
Northside/Avenues
Lot features
Corner Lot, Office Center, General Business District, Neighborhood Business District
Elementary school
D-60
Middle school
D-60
High school
D-60
Standard status
Active
APN
525445011
Size
2,260 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
S 72 FT LOT 16 BLK 30 COUNTY ADD
Tax Annual Amount
2363
Legal Description
S 72 FT LOT 16 BLK 30 COUNTY ADD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1929
Floors in Building
2
Roof type
Flat, Tar/Gravel
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Chris Pisciotta · License #100002693
(719) 240-2059
Added: Apr 18
Changed: Aug 4
Last Checked: Aug 23 at 3:06AM
MLS# 216665
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 fully leased office unit includes office and garage space with a layout built around a front office component and additional storage/auxiliary space. The office space features 3 offices and a reception area, leased to Lindy's Quality Grooming. The office has been fully remodeled with granite, stone, new laminate floors, and interior and exterior paint.
The property also includes 960 SF of garage space and a 150 SF loft. The total building size is listed as 2,260 SF, with forced air heating using natural gas and central air cooling. The roof is described as flat tar/gravel.
Zoned B-4, the property is located at 801 N Grand Ave, Pueblo, CO 81003. Utilities include public water and public sewer, and the building was built in 1929. Owner carry is mentioned as available, and the property is under contract for a 5-year term to purchase.
The property also includes 960 SF of garage space and a 150 SF loft. The total building size is listed as 2,260 SF, with forced air heating using natural gas and central air cooling. The roof is described as flat tar/gravel.
Zoned B-4, the property is located at 801 N Grand Ave, Pueblo, CO 81003. Utilities include public water and public sewer, and the building was built in 1929. Owner carry is mentioned as available, and the property is under contract for a 5-year term to purchase.
Key Highlights
- Fully leased office and garage space
- Office layout includes reception plus 3 offices leased to Lindy's Quality Grooming
- 960 SF garage space plus 150 SF loft
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
$24,764
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
8.26%
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%
$495,280
$495.3K
Cap Rate 7%
$353,771
$353.8K
Cap Rate 9%
$275,156
$275.2K
Market Conditions
NOI Build-Up for 2,260 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
$33.9K $15.00/SF
− Vacancy
−$881 −$0.39/SF
EGI
$33.0K $14.61/SF
− OpEx
−$8.3K −$3.65/SF
NOI
$24.8K $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%
$495,280
Cap Rate 7%
$353,771
Cap Rate 9%
$275,156
Alternative Uses
Best Use
Office B
$353.8K
$309.6K – $412.7K
NOI $24,764 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.9K
$412.1K – $549.4K
NOI $32,966 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,270
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office suite with garage and loft space in B-4 zoning, fully leased.
Where is this office units located?
The property is located at 801 N Grand Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully leased office and garage space; Office layout includes reception plus 3 offices leased to Lindy's Quality Grooming; 960 SF garage space plus 150 SF loft
