Medical Office Plaza
For Sale
Contact for pricing
900 Indiana Ave, Pueblo, CO 81004
Multi-tenant medical office building positioned two blocks from St. Mary-Corwin Hospital with abundant parking.
Property Size5,026 SF
Price / SF$159.17
Days on Market512
Property Features for 900 Indiana Ave
General Information
Standard status
Active
Size
5,026 SF
Property subtype
OFFICE
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Lee & Associates | Denver
(303) 296-8500
Listed By:
Ray Rosado · License ##FA100-019395
(720) 209-5546
Source:
Moodyscre
Added: Apr 17, 2025
Changed: Sep 9
Last Checked: Sep 9 at 4:06PM
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 Lee & Associates | Denver
Investment Insights
Based on property information with market context.
This medical-use-ready, multi-tenant professional plaza offers a purpose-built setup for office users. The property is offered for sale and is configured as an office building suitable for medical and related professional occupancy.
The building is located two blocks from St. Mary-Corwin Hospital and is one minute to I-25. It also sits within an Opportunity Zone and provides abundant parking for patient and staff access.
As a dedicated office property within a professional plaza, it presents a practical option for buyers seeking an existing medical-ready configuration.
The building is located two blocks from St. Mary-Corwin Hospital and is one minute to I-25. It also sits within an Opportunity Zone and provides abundant parking for patient and staff access.
As a dedicated office property within a professional plaza, it presents a practical option for buyers seeking an existing medical-ready configuration.
Key Highlights
- Multi‑tenant professional plaza with a medical use ready building
- Located two blocks from St. Mary‑Corwin Hospital
- In an Opportunity Zone
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
$58,629
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
7.33%
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%
$1,172,580
$1.2M
Cap Rate 7%
$837,557
$837.6K
Cap Rate 9%
$651,433
$651.4K
Market Conditions
NOI Build-Up for 5,026 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
$100.1K $19.92/SF
− Vacancy
−$2.4K −$0.48/SF
EGI
$97.7K $19.44/SF
− OpEx
−$39.1K −$7.78/SF
NOI
$58.6K $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%
$1,172,580
Cap Rate 7%
$837,557
Cap Rate 9%
$651,433
Alternative Uses
Best Use
Healthcare Medical
$837.6K
$732.9K – $977.2K
NOI $58,629 @ 7.0% cap · market cap 7.33%
Second Best
Office B
$786.7K
$688.4K – $917.9K
NOI $55,072 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.05M
$916.4K – $1.22M
NOI $73,312 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
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?
Medical Office Space - Multi-tenant medical office building positioned two blocks from St. Mary-Corwin Hospital with abundant parking.
Where is this medical office space located?
The property is located at 900 Indiana Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Multi‑tenant professional plaza with a medical use ready building; Located two blocks from St. Mary‑Corwin Hospital; In an Opportunity Zone
