Cultivation Property with Automated
59 N Laser Drive, Pueblo, CO 81007
One-acre property featuring greenhouse, metal building, and cultivation equipment.
Type:Industrial
Property size:
17,040 SFLot size:
1.00 AcrePrice / SF:
$52/SF- Added:
- Jan 19, 2024
- Days on Market:
- 866
- Last Refresh:
- May 12 at 9:15 pm
Property Features for 59 N Laser Drive
General Information
- Standard status
- Active
- Size
- 17,040 SF
- Lot size
- 1.00 Acre
- Property subtype
- Industrial
Building Details
- Year Built
- 1995
Listing agent Brett Bennett License #CO ER.040005471
Listing office Ajax Real Estate, LLC
Listing date Jan 19, 2024
Source Crexi
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 Ajax Real Estate, LLC
HighLights
- Turnkey recreational cannabis cultivation business: Includes real estate, business, equipment, and licenses.
- High‑capacity cultivation infrastructure: Featuring an 8,640 sq ft automated greenhouse and 8,400 sq ft metal building.
- Advanced environmental control systems: Includes I GROW system, light deprivation, shade cloth, water wall, dehumidifiers, and heaters.
- High production volume: Demonstrated yield of over 2,550 pounds of recreational flower and 1,275 pounds of recreational trim in 2022.
- Robust power and water systems: With 3 Phase Power with 500 KVA Transformer, extensive water filtration system, and 5,700 gallons of water storage.
- Secure and private property: Situated on 1 acre fully fenced with motorized access gate.
Overview
This one-acre property is fully fenced with a secure motorized access gate. It includes an 8,640 square foot fully automated greenhouse with a newer polycarbonate roof, concrete floors with floor drains, and rolling metal tables. The greenhouse is equipped with 210 - 1,000 watt High Pressure Sodium lights, a full light deprivation blackout system, shade cloth, a water wall for cooling, 3 Phase Power, 1 Agam machine, 9 Anden dehumidifiers, ceiling mount heaters, and an I GROW system for temperature and humidity control, along with exhaust and wall mount fans. There is also an 8,400 square foot metal building that houses indoor grow rooms, an office area, a front desk area, a kitchen, two bathrooms, a large rec room with a gas log fireplace, a processing area, and secure storage space. The property has 3 Phase Power throughout, including a 500 KVA Transformer provided through Black Hills Energy. An extensive on-site water filtration system is capable of producing reverse osmosis water daily. Additionally, there are 5,700 gallons of on-site water storage tanks for the automated irrigation system, along with 7 Dab pumps for the water tanks. The wholesale cultivation produced over 2,550 pounds of wholesale recreational flower and over 1,275 pounds of recreational trim during 2022. The property is suitable for recreational cannabis cultivation.
Local Financial Insights For Industrial
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 | $118.6k | $6.96 |
| − Vacancy | −$3.1k | −$0.18 |
| EGI | $115.5k | $6.78 |
| − OpEx | −$34.7k | −$2.03 |
| NOI | $80.9k | $4.75 |
17,040 SF · lease $6.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.16M
$1.01M – $1.35M
NOI $80,860 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,556 @ 7.0% cap · market cap 27.62%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Banshee Colorado
Food Processing Plant
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.7118576
- Latitude
- 38.3302062
Nearby Similar for Sale
FAQs
What type of property is this?
Cannabis property - One-acre property featuring greenhouse, metal building, and cultivation equipment.
Where is this cannabis property located?
The property is located at 59 N Laser Drive Pueblo, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Turnkey recreational cannabis cultivation business: Includes real estate, business, equipment, and licenses.; High‑capacity cultivation infrastructure: Featuring an 8,640 sq ft automated greenhouse and 8,400 sq ft metal building.; Advanced environmental control systems: Includes I GROW system, light deprivation, shade cloth, water wall, dehumidifiers, and heaters.
