Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3329 N Elizabeth St Pueblo, CO 81008

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.19 acres of commercial land with rental revenue.

    Type:Land
    Lot size:
    2.19 Acres
    Added:
    Jan 12, 2022
    Days on Market:
    1557
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 3329 N Elizabeth St

    General Information

    Standard status
    Active
    Lot size
    2.19 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Rob Rolley

    Listing agent Rob Rolley License #FA40047227

    Listing office RE/MAX Properties, Inc

    Listing date Jan 12, 2022

    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 RE/MAX Properties, Inc

    Overview

    2.19 Acres Commercial Land ForSale

    This 2.19-acre commercial land parcel is fully fenced and located just off I-25 at the junction of State Highway 50, one block south of K-Mart. The property has access from N. Elizabeth Street and is situated just behind the Taco Bell. The property generates $36,000 in annual rental revenue and has an estimated net operating income of $32,200.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.6157463
    Latitude
    38.3045

    Nearby Similar for Sale

    • $569,000
      4,224 SF

      Pueblo Commercial Building with Leaseback

      4224 sqft commercial building with leaseback opportunity in Pueblo.
      711 W 8th St, Pueblo, CO 81003
      View Details
    • $599,900
      5,745 SF

      Pueblo Commercial Property For Sale

      Mixed-use commercial property with high visibility and development potential.
      411 S Pueblo Blvd, Pueblo, CO 81005
      View Details
    • $477,000
      7,301 SF

      Pueblo Commercial Opportunity Awaits

      Commercial property in Pueblo with office and garage space.
      1115 N Erie Ave, Pueblo, CO 81001
      View Details
    • $425,000
      7,875 SF

      High-Visibility Retail/Market Opportunity

      Spacious retail/market with truck dock and ample outdoor space.
      41999 E US Hwy 50, Pueblo, CO 81006
      View Details
    • $725,000
      5,260 SF

      Multi-Tenant Office Building For Sale

      Well-maintained office building with highway access and tenant occupancy.
      1805 Fortino, Pueblo, CO 81008
      View Details
    • $899,000
      5,160 SF

      Downtown Commercial Property For Sale

      Exceptional commercial property in Historic Downtown Pueblo with high visibility.
      127 N Santa Fe Ave, Pueblo, CO 81003
      View Details
    • $490,000
      2,499 SF

      Unique Commercial Buildings in Pueblo

      Two commercial buildings in historic downtown Pueblo near Riverwalk.
      825 N Greenwood St, Pueblo, CO 81003
      View Details
    • $900,000
      5,152 SF

      Historic Downtown Pueblo Commercial Building

      Iconic building with flexible commercial uses in high-traffic location.
      311 N Santa Fe, Pueblo, CO 81003
      View Details
    • $785,000
      5,629 SF

      Historic Bowen Mansion For Sale

      Historic mansion suitable for various commercial uses.
      229 W 12th St, Pueblo, CO 81003
      View Details
    • $597,000
      3,120 SF

      Pueblo Commercial Investment Opportunity

      Three parcels with I2 and B3 zoning, great investment opportunity!
      300 &224 N Chester Ave, Pueblo, CO 81003
      View Details
    • $3,800,000
      24,515 SF

      Multi-Tenant Commercial Complex For Sale

      Stabilized, income-producing commercial complex in a desirable location.
      4104 Outlook Blvd, Pueblo, CO 81008
      View Details
    • $349,900
      1,638 SF

      Mixed-Use Commercial Space in Pueblo

      Corner lot commercial property with business and living space potential.
      600 E 11th St, Pueblo, CO 81001
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.19 acres of commercial land with rental revenue.
    Where is this commercial land located?
    The property is located at 3329 N Elizabeth St Pueblo, CO.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: Estimated $32,200 Net Operating Income (NOI); $36,000 Annual Rental Revenue; 2.19 Acres, fully fenced
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rob Rolley
    Real Estate License ID: FA40047227
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!