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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    231 Main St Pueblo, CO 81003-3416

    • Warehouses
    • 4,100 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2021
    $205,000
    Value Estimations
    $135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1078146
    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

    • Warehouses

    Property Details for 231 Main St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    4,100 SF
    Zone code
    I-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    536413019
    APU
    536413019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $145,000
      ML approach
      $170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $105,000
      Market price range: $92.0k - $288k

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

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.614
    Latitude
    38.2629
    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
    $425
    $1,430
    $10,700
    $12,130
    -
    $5,125
    $38,351
    $43,476

    Comparable in this City

    • Value Estimation
      $245,000
      0.37 Acres

      400 Un Ave

      MINI-WAREHOUSE, STORAGE • 0.37 Acres
      400 Un Ave, Pueblo, CO 81003-3472
      View Details
    • Value Estimation
      $220,000
      4,360 SF

      1211 Lambert Ave

      MINI-WAREHOUSE, STORAGE • 4,360 SF
      1211 Lambert Ave, Pueblo, CO 81003-1156
      View Details
    • Value Estimation
      $210,000
      3,451 SF

      101 Victoria Ave

      MINI-WAREHOUSE, STORAGE • 3,451 SF
      101 Victoria Ave, Pueblo, CO 81003-4208
      View Details
    • Value Estimation
      $270,000
      3,190 SF

      524 4th St

      MINI-WAREHOUSE, STORAGE • 3,190 SF
      524 4th St, Pueblo, CO 81003
      View Details
    • Value Estimation
      $190,000
      4,800 SF

      4127 Nature Ctr Rd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      4127 Nature Ctr Rd, Pueblo, CO 81003-3913
      View Details
    • Value Estimation
      $260,000
      14,000 SF

      310 C St

      MINI-WAREHOUSE, STORAGE • 14,000 SF
      310 C St, Pueblo, CO 81003-3409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      126,882 SF

      Downtown Pueblo Warehouse - 126,882 SF

      Spacious Pueblo warehouse, ideal for industrial use.
      205 Elizabeth St, Pueblo, CO 81003
      View Details
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      10,656 SF

      Pueblo Commercial Property For Sale

      10,000+ sq ft commercial property in the heart of Pueblo.
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    • $750,000
      15,261 SF

      Pueblo Industrial Buildings on Large Lot

      Two updated industrial buildings on 5.48 acres for sale.
      2900 W 29Th St, Pueblo, CO 81003
      View Details
    • $2,295,000
      17,450 SF

      Warehouse, Showroom, and Office Space

      Warehouse with showroom, office, and outdoor storage with income.
      4231 N Elizabeth St, Pueblo, CO 81003
      View Details
    • $499,000
      5,187 SF

      Pueblo Industrial Property For Sale

      Industrial-zoned property with three buildings and storage shed in Pueblo.
      2908 E 4Th St, Pueblo, CO 81003
      View Details
    • $1,000,000
      8,800 SF

      Proposed Auto Lofts and Restaurant

      Proposed mixed-use development with auto lofts, restaurant, and warehouse.
      102 N Grand Ave, Pueblo, CO 81003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      360,241 SF

      Pueblo Industrial Property For Rent

      Industrial zoned property with three buildings on 8.27 acres.
      2908 E 4Th St, Pueblo, CO 81003
      View Details
    • $2,200 /Mo
      1,500 SF

      Pueblo Warehouse with Secure Yard

      Industrial and office space with fenced yard near downtown Pueblo.
      435 E 1St St, Pueblo, CO 81003
      View Details
    • Contact for pricing
      238,709 SF

      Industrial Building on Large Lot

      Updated industrial building on 2.5+- acres with overhead doors.
      2900 W 29Th St, Pueblo, CO 81003
      View Details
    • Contact for pricing

      Downtown Pueblo Professional Office Space

      Move-in ready office space with easy access and ample parking.
      803 W 4Th St, Pueblo, CO 81003
      View Details
    • $25 SF/Yr
      2,173 SF

      Retail Space in Pueblo Crossing

      Retail space available in North Pueblo shopping center.
      5931-5955 N Elizabeth St, Pueblo, CO 81003
      View Details
    • Contact for pricing

      Upgraded Office Building, Pueblo, CO

      Recently upgraded office building with remodeled, open suite available for lease.
      1225 N Main St, Pueblo, CO 81003
      View Details
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    231 Main St
    Pueblo, CO 81003-3416
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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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