Leased Medical Office
For Sale
Contact for pricing
916 Indiana Ave, Pueblo, CO 81004
100% leased 2-tenant medical office in a professional plaza with 74 parking spaces and separate gas/electric meters.
Property Size5,026 SF
Lot Size1.81 Acres
Price / SF$159.17
Days on Market258
Property Features for 916 Indiana Ave
General Information
Standard status
Active
Size
5,026 SF
Total Parking Spaces
74
Lot size
1.81 Acres
Property subtype
OFFICE
Zoning
O-1
Occupancy
100%
Financials
Cap Rate
8.5%
Business Included
No
Opportunity Zone
Yes
Site & Location
Neighborhood
Bessemer
Highway Access
Yes
Additional Details
Office Units
2
Building Details
Year Built
1998
Construction
Masonry
Tenancy
Multi
Listing Agency:
Lee & Associates | Denver
(303) 296-8500
Listed By:
Ray Rosado · License ##FA100-019395
(720) 209-5546
Source:
Moodyscre
Added: Feb 12
Changed: Oct 25
Last Checked: Oct 26 at 8:06PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
916 Indiana Avenue is a built-out medical office property in a multi-tenant professional plaza, offered for sale on a 100% leased basis. The building totals 9,412 SF and is configured as an easy-to-manage, two-tenant setup. Each unit has separate gas and electric meters, supporting independent operations. The property was built in 1998 with masonry construction and includes 74 unreserved parking spaces.
The site is zoned O-1 (Pueblo) and is located in an Opportunity Zone. It offers quick access to I-25 and is approximately two blocks from St. Mary-Corwin Hospital, supporting convenient patient and staff access.
From an investment standpoint, the building features NNN expenses noted as $6.10/SF for 2026. The current tenant roster includes a recent long-term lease with a national autism care provider and a long-standing family practice tenant with multiple years at the location.
The site is zoned O-1 (Pueblo) and is located in an Opportunity Zone. It offers quick access to I-25 and is approximately two blocks from St. Mary-Corwin Hospital, supporting convenient patient and staff access.
From an investment standpoint, the building features NNN expenses noted as $6.10/SF for 2026. The current tenant roster includes a recent long-term lease with a national autism care provider and a long-standing family practice tenant with multiple years at the location.
Key Highlights
- Professional plaza south medical office at 916 Indiana Avenue, Pueblo, CO—100% leased with two tenants
- ±9,412 SF built in 1998 for medical use; masonry construction and O‑1 zoning (Pueblo)
- NNN investment with reported 8.5% cap rate; sale price $1,343,000 ($142.69/SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,629
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - 100% leased 2-tenant medical office in a professional plaza with 74 parking spaces and separate gas/electric meters.
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 $800,000.
What are key features of this property?
This property features: Professional plaza south medical office at 916 Indiana Avenue, Pueblo, CO—100% leased with two tenants; ±9,412 SF built in 1998 for medical use; masonry construction and O‑1 zoning (Pueblo); NNN investment with reported 8.5% cap rate; sale price $1,343,000 ($142.69/SF)
