Sign Up Successful!
You now have access to more from Realmo!
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

    1612 Bonforte Blvd Pueblo, CO 81001-1603

    • Office buildings
    • 6,731 SF
    • 0.55 lot acres
    OFF-MARKET
    Last Sale
    Sep 12, 2022
    $825,000
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0829805
    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

    • Cimberley Moore-Devenyns - Eagle Wing Realty / Insurance Agency
    • Premium Direct Care Providers / Crisis Center / Medical Clinic
    • Kimberlee Balagat / Foster Care Service / Social Service Agency

    Property Details for 1612 Bonforte Blvd

    Year built
    1974
    Construction
    WOOD FRAME
    Lot size
    0.55 lot acres
    Property size
    6,731 SF
    Zone code
    R5:RES/MULTI-FAM/OFFICES
    Property type
    Office buildings
    APN
    419414001
    APU
    419414001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $825,000
      Market price range: $443k - $1.09M
      AI Estimate
      $844,000
      Market price range: $373k - $1.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $735,000
      Current use
      WAREHOUSE, STORAGE
      $885,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $800,000
      Change: +8% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $600,000
      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
    -104.591
    Latitude
    38.2933
    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
    $16,233
    $11,920
    $163,580
    $175,500
    -
    $42,735
    $586,324
    $629,059

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      1402 4th St

      OFFICE BUILDING • 2,200 SF
      1402 4th St, Pueblo, CO 81001-3908
      View Details
    • Value Estimation by Request
      1.48 Acres

      905 Erie Ave

      OFFICE BUILDING • 1.48 Acres
      905 Erie Ave, Pueblo, CO 81001-2914
      View Details
    • Value Estimation by Request
      2,278 SF

      1601 Bonforte Blvd

      OFFICE BUILDING • 2,278 SF
      1601 Bonforte Blvd, Pueblo, CO 81001-1602
      View Details
    • Value Estimation by Request
      2,625 SF

      1552 Bonforte Blvd

      OFFICE BUILDING • 2,625 SF
      1552 Bonforte Blvd, Pueblo, CO 81001-1601
      View Details
    • Value Estimation by Request
      1,458 SF

      2016 Hudson Ave

      OFFICE BUILDING • 1,458 SF
      2016 Hudson Ave, Pueblo, CO 81001-2533
      View Details
    • Value Estimation
      $715,000
      15,360 SF

      442 Keeler Pkwy

      OFFICE BUILDING • 15,360 SF
      442 Keeler Pkwy, Pueblo, CO 81001-4813
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,876 SF

      Fully Occupied Medical Office Building

      Two-tenant medical office building with long-term tenants.
      1022 Liberty Ln, Pueblo, CO 81001
      View Details
    • $477,000
      7,301 SF

      Pueblo Commercial Opportunity

      Commercial property with office and garage space in Pueblo, Colorado.
      1115 N Erie Ave, Pueblo, CO 81001
      View Details
    • $78,000
      0.19 Acres

      Land in Premier Pueblo Community

      Build-ready lot with mountain views near Walking Stick Golf Course.
      L4 Desert Candle Ct, Pueblo, CO 81001
      View Details
    • $85,000
      0.24 Acres

      Land in Premier Pueblo Community

      Build-ready lot with mountain views in upscale community.
      L4 Desert Candle Ct E Desert Candle, Pueblo, CO 81001
      View Details
    • $91,000
      0.24 Acres

      Residential Land in Premier Community

      Build-ready land with mountain views near Walking Stick Golf Course.
      L14 B3 E Patriot Ct, Pueblo, CO 81001
      View Details
    • $65,000
      0.17 Acres

      Land Near Walking Stick Golf

      Land in gated community near Colorado State University.
      1806 Chianti Ct, Pueblo, CO 81001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space For Rent

      Partially remodeled office space in high-traffic Pueblo location.
      2147 Jerry Murphy Rd, Pueblo, CO 81001
      View Details
    • $10 SF/Yr
      4,132 SF

      Pueblo Office/Warehouse Space For Lease

      Versatile office/warehouse space with drive-in doors and outdoor storage.
      905-1019 North Erie Ave, Pueblo, CO 81001
      View Details
    • $6 SF/Yr
      56,882 SF

      Pueblo Industrial Warehouse Portfolio

      Multi-tenant warehouse, 56,882 sqft
      905 Erie Ave, Pueblo, CO 81001
      View Details
    • $6 SF/Yr
      35,668 SF

      Retail Space in Pueblo, Colorado

      Former Wal-Mart center with 35,668 SF available for lease.
      737-755 Desert Flower Blvd, Pueblo, CO 81001
      View Details
    • $8 SF/Yr
      81,423 SF

      1004-1114 Constitution Rd

      Individual retail properties • 81,423 SF
      1004-1114 Constitution Rd, Pueblo, CO 81001
      View Details
    • Contact for pricing
      108,900 SF

      Pueblo Commercial Land for Lease

      2.5+- acre commercial land for lease in Pueblo, Colorado.
      29470 E State Highway 96, Pueblo, CO 81001
      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.
    1612 Bonforte Blvd
    Pueblo, CO 81001-1603
    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.