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

    1228 Orman Ave Pueblo, CO 81004-2936

    • Office buildings
    • 21,600 SF
    • 2.52 lot acres
    OFF-MARKET
    Value Estimations
    $2,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0952139
    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

    • Concentrix / Business To Business Service
    • Advanced ATM Systems Inc / Atm

    Property Details for 1228 Orman Ave

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.52 lot acres
    Property size
    21,600 SF
    Zone code
    B4:COMM/REG BUS DIST
    Property type
    Office buildings
    APN
    1501319002
    APU
    1501319002

    Description

    This exceptional 45,853-square-foot mixed-use property, located at 1228 E Orman Ave, Pueblo, CO 81004, presents a unique redevelopment opportunity. Situated on a substantial 3.72-acre lot, this single-story, 1965-built building is zoned B4 and offers significant potential. Previously utilized as a grocery store and call center, the property boasts ample space adaptable to various uses, including indoor storage, retail, housing, entertainment, restaurants, offices, or amusement. The building features large open areas, break rooms, conference rooms, smaller offices, two loading docks, and updated electrical and lighting systems. Existing infrastructure includes CAT 5 and 6 fiber optic cabling. The asking price is $1,250,000, translating to a remarkably low price per square foot of $27.26. The property is vacant and ready for immediate occupancy. Prior due diligence by previous potential buyers is available. The location on a main thoroughfare and the possibility of state or local redevelopment grants further enhance its appeal. This is a rare opportunity to acquire a large, well-located commercial property in Pueblo at an exceptionally competitive price. A 3D walkthrough and floor plan are available for review.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,916,000
      Market price range: $1.42M - $3.50M
      AI Estimate
      $1,951,000
      Market price range: $1.47M - $3.53M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,365,000
      Current use
      WAREHOUSE, STORAGE
      $2,840,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,085,000
      Change: -12% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,925,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.62
    Latitude
    38.2448
    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
    $23,964
    $71,260
    $183,850
    $255,110
    -
    $255,414
    $658,976
    $914,390

    Comparable in this City

    • Value Estimation
      $1,825,000
      20,173 SF

      635 Corona Ave

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

      230 Abriendo Ave

      OFFICE BUILDING • 781 SF
      230 Abriendo Ave, Pueblo, CO 81004-1813
      View Details
    • Value Estimation by Request
      951 SF

      130 Colorado Ave

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

      104 Garfield St

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

      2040 Lk Ave, Unit 2050

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

      627 Un Ave

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

    Similar Nearby for Sale

    • $150,000
      3,014 SF

      Mixed-Use Building in Pueblo, CO

      Mixed-use building with five units, generating over $5,500 monthly.
      315-317 W Northern Ave, Pueblo, CO 81004
      View Details
    • $1,343,000

      Medical Office Investment Opportunity

      Well-located medical office plaza near I-25 and St. Mary-Corwin Hospital.
      916 Indiana Ave, Pueblo, CO 81004
      View Details
    • $100,000
      1,870 SF

      Pueblo Commercial Property For Sale

      Commercial property with retail and office space in Pueblo, Colorado.
      1519 E Evans Ave, Pueblo, CO 81004
      View Details
    • $1,343,000
      5,026 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
    • $295,000
      Pending

      Remodeled Office Building on Corner

      Remodeled office building on a corner lot with ample parking.
      923 Lake Ave, Pueblo, CO 81004
      View Details
    • $314,900
      2,005 SF

      Pueblo Commercial Building For Sale

      Solid building in central Pueblo, suitable for various uses.
      416 Colorado Ave, Pueblo, CO 81004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Pueblo Office Leasing Opportunity

      Spacious building in a thriving business district, versatile layout.
      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
      1,193 SF

      Office Space Available For Rent

      Office space available for lease in Pueblo, Colorado.
      635 W Corona Ave, Pueblo, CO 81004
      View Details
    • $12 SF/Yr

      Pueblo Office Space For Lease

      Clean, affordable office space with ample parking in Pueblo.
      635 W Corona St, Pueblo, CO 81004
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office suites available for lease in Pueblo, Colorado.
      900 Indiana 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
    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.
    1228 Orman Ave
    Pueblo, CO 81004-2936
    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!