Medical Office Investment
For Sale
$1,343,000
916 Indiana Ave, Pueblo, CO 81004
Well-located medical office plaza near I-25 and St. Mary-Corwin Hospital.
Property Size9,412 SF
Lot Size1.81 Acres
Price / SF$142.69
Days on Market215
Property Features for 916 Indiana Ave
General Information
Standard status
Active
Size
9,412 SF
Lot size
1.81 Acres
Property subtype
Office
Building Details
Year Built
1999
Listing Agency:
Lee & Associates | Denver
Listed By:
Ray Rosado, CCIM · License #CO #FA100-019395
(720) 209-5546
Source:
Lee-associates
Added: Mar 6
Changed: Jul 10
Last Checked: Oct 5 at 3:47PM
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 multi-tenant professional plaza offers a ±9,412 square foot medical office investment opportunity with an 8.5% cap rate. Constructed in 1998 with masonry, the building is built out for medical use and features separate gas and electric meters for each unit. The property is situated on a 1.81-acre lot and includes 74 unreserved parking spaces. Its location provides quick access to I-25 and is just two blocks from St. Mary-Corwin Hospital in West Pueblo, Colorado. The property is located in an Opportunity Zone and is zoned O-1, Pueblo. The location offers professional tenants and abundant parking and is just 1 minute to I-25.
Key Highlights
- 8. 5% Cap Rate NNN Investment
- Well‑located near I‑25 and St. Mary‑Corwin Hospital
- ±9,412 SF built out for medical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,792
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,195,840
$2.2M
Cap Rate 7%
$1,568,457
$1.6M
Cap Rate 9%
$1,219,911
$1.2M
Market Conditions
NOI Build-Up for 9,412 SF
Gross rent
$187.5K $19.92/SF
− Vacancy
−$4.5K −$0.48/SF
EGI
$183.0K $19.44/SF
− OpEx
−$73.2K −$7.78/SF
NOI
$109.8K $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 Rate 5%
$2,195,840
Cap Rate 7%
$1,568,457
Cap Rate 9%
$1,219,911
Alternative Uses
Best Use
Healthcare Medical
$1.57M
$1.37M – $1.83M
NOI $109,792 @ 7.0% cap · market cap 8.18%
Second Best
Office B
$1.47M
$1.29M – $1.72M
NOI $103,132 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,289 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
588
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-located medical office plaza near I-25 and St. Mary-Corwin Hospital.
Where is this medical office space located?
The property is located at 916 Indiana Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $1,343,000.
What are key features of this property?
This property features: 8. 5% Cap Rate NNN Investment; Well‑located near I‑25 and St. Mary‑Corwin Hospital; ±9,412 SF built out for medical use
