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    Property profile & analytics

    119 Colorado Ave Pueblo, CO 81004

    • Office buildings
    • 3,628 SF
    • 0.11 lot acres
    For Sale
    View listing
    $359,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0383310
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Daniel Valentine / Accountant

    Property Details for 119 Colorado Ave

    Year built
    1927
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    3,628 SF
    Zone code
    B4:COMM/REG BUS DIST
    Property type
    Office buildings
    APN
    536304013
    APU
    536304013

    Description

    This charming, well-maintained two-story brick building, constructed in 1927, presents a unique opportunity in the heart of Pueblo, Colorado. Spanning 4,792 square feet, the property currently functions as an accountant's office but offers exceptional versatility for a wide range of commercial uses. The main floor comprises generously sized, naturally lit offices, perfect for client interaction and daily operations. Upstairs, additional space is available, adaptable as work areas, meeting rooms, or even private offices, depending on the tenant's needs. A significant feature is a secure 10x10 vault, providing ideal storage for sensitive documents or valuable assets. The building's security is further enhanced by a comprehensive security system, ensuring a safe and protected environment. A full basement offers ample storage space, adding to the property's overall functionality. This property seamlessly blends historic character with modern amenities, making it an attractive investment for discerning buyers seeking a versatile and secure commercial space in a central Pueblo location. The asking price is $374,900. The property sits on a 0-acre lot at 119 Colorado Ave, Pueblo, CO.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $324,000
      Market price range: $239k - $588k
      AI Estimate
      $329,000
      Market price range: $247k - $593k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $395,000
      Current use
      COMMERCIAL (GENERAL)
      $350,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.622
    Latitude
    38.2593
    CBSA code
    39380
    CBSA name
    PUEBLO, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,380
    $4,060
    $39,080
    $43,140
    -
    $14,544
    $140,055
    $154,599

    Comparable in this City

    • Value Estimation
      $530,000
      20,173 SF

      635 Corona Ave

      OFFICE BUILDING • 20,173 SF
      635 Corona Ave, Pueblo, CO 81004-1242
      View Details
    • Value Estimation
      $245,000
      781 SF

      230 Abriendo Ave

      OFFICE BUILDING • 781 SF
      230 Abriendo Ave, Pueblo, CO 81004-1813
      View Details
    • Value Estimation
      $115,000
      951 SF

      130 Colorado Ave

      OFFICE BUILDING • 951 SF
      130 Colorado Ave, Pueblo, CO 81004-4214
      View Details
    • Value Estimation
      $130,000
      925 SF

      104 Garfield St

      OFFICE BUILDING • 925 SF
      104 Garfield St, Pueblo, CO 81004-1113
      View Details
    • Value Estimation
      $330,000
      3,200 SF

      2040 Lk Ave, Unit 2050

      OFFICE BUILDING • 3,200 SF
      2040 Lk Ave, Pueblo, CO 81004-3536
      View Details
    • Value Estimation
      $280,000
      4,736 SF

      627 Un Ave

      OFFICE BUILDING • 4,736 SF
      627 Un Ave, Pueblo, CO 81004
      View Details

    Similar Nearby for Sale

    • $359,000
      4,792 SF

      Classic Brick Building in Pueblo

      Well-maintained two-story office building in central Pueblo.
      119 Colorado Ave, Pueblo, CO 81004
      View Details
    • $1,250,000
      45,853 SF

      Pueblo Commercial Property

      45,853 SF Mixed-Use Building, Vacant
      1228 Orman Ave, Pueblo, CO 81004
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    • $269,900
      2,400 SF

      Pueblo Commercial Building on Corner

      Commercial building on corner lot with fenced area and ADA bathrooms.
      1102 E Abriendo Ave, Pueblo, CO 81004
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    • $1,250,000

      Large Commercial Space in Pueblo

      45,000+ sq ft commercial space, priced to sell quickly.
      1228 E Orman Ave, Pueblo, CO 81004
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    • $1,250,000
      8,627 SF

      Downtown Pueblo Commercial Investment Property

      Prime commercial property in downtown Pueblo with long-term NNN lease.
      1414 W 4Th St, Pueblo, CO 81004
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    • $1,150,000
      5,515 SF

      Medical Office Near St. Mary-Corwin

      Multi-tenant medical office building near hospital and I-25.
      916 Indiana Ave, Pueblo, CO 81004
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      23,995 SF

      Pueblo Office Space For Lease

      Clean, affordable office space with ample parking in Pueblo.
      635 W Corona St, Pueblo, CO 81004
      View Details
    • $12 SF/Yr
      176 SF

      Office Space Available For Rent

      Office space available for lease in Pueblo, Colorado.
      635 W Corona Ave, Pueblo, CO 81004
      View Details
    • Contact for pricing

      Professional Office Suites For Lease

      Office suites available in a prime Pueblo location.
      1249 E Routt Ave, Pueblo, CO 81004
      View Details
    • Contact for pricing
      68,825 SF

      Retail/Office Space in Pueblo, CO

      Excellent retail or office space in a newer building.
      1285 W Pueblo Blvd, Pueblo, CO 81004
      View Details
    • Contact for pricing
      12,800 SF

      Pueblo Industrial Buildings For Lease

      Industrial buildings for lease with flexible spaces and highway access.
      3217 Lake Ave, Pueblo, CO 81004
      View Details
    • Contact for pricing

      Retail Space Near St. Mary

      Commercial space in high-traffic area near St. Mary Corwin Hospital.
      1945 Lake Ave, Pueblo, CO 81004
      View Details
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    119 Colorado Ave
    Pueblo, CO 81004
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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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