Leased Medical Office
916 Indiana Ave Pueblo, CO 81004
For Sale
Contact for pricing
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 Market167
Property Features for 916 Indiana Ave
General Information
Standard status
Active
Size
5,026 SF
Lot size
1.81 Acres
Property subtype
OFFICE
Listing Agency:
Lee & Associates | Denver
(720) 209-5546
Listed By:
Ray Rosado · License ##FA100-019395
(720) 209-5546
Source:
Moodyscre
Added: Feb 12
Changed: Jul 28
Last Checked: Jul 28 at 5:34PM
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.
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.1k | $19.92 |
| − Vacancy | −$2.4k | −$0.48 |
| EGI | $97.7k | $19.44 |
| − OpEx | −$39.1k | −$7.78 |
| NOI | $58.6k | $11.67 |
5,026 SF · lease $19.92/SF/yr · vacancy 2.40% · expense 40.00%
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
Location Intelligence
Current Use
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)
