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    Prairie Ave Pueblo, CO 81005

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    Prairie Ave Pueblo, CO 81005

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    • Land
    • 2.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Prairie Ave

    Lot size
    2.24 lot acres
    Property type
    Land

    Description

    This exceptional 2.24-acre development site presents a unique opportunity for investors and developers. Strategically located at the Southwest corner of Pueblo Boulevard and S. Prairie Avenue in Pueblo, Colorado (zip code 81005), this parcel boasts a prime location anchored by a new Lowe's Home Improvement store. The property is already pad-ready, with all utilities conveniently in place and off-site improvements completed, significantly reducing development time and costs. Zoned as Planned Unit Development (PUD), the site has received approvals for a diverse range of commercial uses, including a bank, restaurant, and other retail establishments. A drive-thru option is also approved, adding further versatility. Its proximity to Interstate 25 ensures excellent accessibility and high visibility, while its location near established neighborhoods like Southpoint and El Camino, as well as the new Lake Minnequa Urban Redevelopment area, guarantees a strong customer base. This exceptional site offers a compelling investment opportunity with significant potential for growth and return. The property's ready-to-build status and versatile zoning make it an ideal choice for developers seeking a quick and efficient path to market. Don't miss this chance to secure a prime piece of Pueblo real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.644
    Latitude
    38.2199

    Comparable in this City

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      2850 Prairie Ave

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      VACANT COMMERCIAL LAND • 35.00 Acres
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      0.10 Acres

      4301 Thatcher Ave

      VACANT COMMERCIAL LAND • 0.10 Acres
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      0.17 Acres

      2006 Pr Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
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      211.53 Acres

      Pueblo, CO 81005

      INDUSTRIAL - VACANT LAND • 211.53 Acres
      Pueblo, CO 81005
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Pueblo

      Land available for sale in Pueblo, Colorado.
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      122.60 Acres

      Pueblo Land with Active Well

      122-acre Colorado land with well, near Lake Pueblo.
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      Land For Sale Pueblo, CO

      Land available for sale in Pueblo, Colorado.
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      Pueblo Land with Mountain Views

      Unique 40-acre property with varied terrain and mountain views.
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    • New
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      Pueblo Land with Mountain Views

      40-acre lot with mountain and reservoir views near amenities.
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    • $85,000
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      Rolling 35 Acres Near Lake Pueblo

      35 acre land parcel with mountain views near Lake Pueblo.
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    Similar Nearby for Lease

    • Contact for pricing

      Move-in Ready Co-working Suites

      Co-working suites available in a great location.
      1848 Vinewood Ln, Pueblo, CO 81005
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    • $13 SF/Yr
      701 SF

      Retail/Restaurant Space Available

      Retail or restaurant space for rent at S Prairie Ave.
      1208-1222 S Prairie Ave, Pueblo, CO 81005
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    • Contact for pricing
      83,123 SF

      Thriving Pueblo Shopping Center Space

      Neighborhood center with excellent visibility and access to Interstate.
      3050-3078 W Northern Ave, Pueblo, CO 81005
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    • $38 SF/Yr
      701 SF

      Retail/Restaurant Space For Lease

      Retail or restaurant space available with excellent visibility and accessibility.
      1202 S Prairie Ave, Pueblo, CO 81005
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    • $22 SF/Yr
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      Retail Space Available For Rent

      Retail space available for lease in Pueblo, Colorado.
      1219 S Prairie Ave, Pueblo, CO 81005
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    • Contact for pricing

      Well-Maintained Office Space Available

      Office space with shared amenities and utilities included.
      1834 Vinewood Ln, Pueblo, CO 81005
      View Details
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    Prairie Ave
    Pueblo, CO 81005
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    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
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