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

    2900 Northern Ave Pueblo, CO 81005-2315

    • Commercial real estate
    • 15,120 SF
    • 2.49 lot acres
    OFF-MARKET
    Value Estimations
    $1,975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0906732
    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

    • Walgreens / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Joshua Cluff, RPH / Pharmacy
    • Steven C. Gillispie, RPH / Pharmacy
    • Trent D. Barnes, RPh / Pharmacy

    Property Details for 2900 Northern Ave

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.49 lot acres
    Property size
    15,120 SF
    Zone code
    B-4
    Property type
    Commercial real estate
    APN
    1510134003
    APU
    1510134003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,450,000
      6.5%
      $2,260,000
      7%
      $2,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,197,000
      Market price range: $1.11M - $3.41M
      AI Estimate
      $1,469,000
      Market price range: $788k - $2.17M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,100,000
      Current use
      WAREHOUSE, STORAGE
      $1,990,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.645
    Latitude
    38.2434
    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
    $37,782
    $90,880
    $306,530
    $397,410
    -
    $325,752
    $1,098,663
    $1,424,415

    Comparable in this City

    • Value Estimation by Request
      640 SF

      2222 Pr Ave

      COMMERCIAL (GENERAL) • 640 SF
      2222 Pr Ave, Pueblo, CO 81005-2873
      View Details
    • Value Estimation by Request
      1,984 SF

      2940 Ivywood Ln

      COMMERCIAL (GENERAL) • 1,984 SF
      2940 Ivywood Ln, Pueblo, CO 81005-2438
      View Details
    • Value Estimation by Request
      936 SF

      4116 Thatcher Ave

      COMMERCIAL (GENERAL) • 936 SF
      4116 Thatcher Ave, Pueblo, CO 81005-1153
      View Details
    • Value Estimation by Request
      3,612 SF

      3980 Ivywood Ln

      COMMERCIAL (GENERAL) • 3,612 SF
      3980 Ivywood Ln, Pueblo, CO 81005-2567
      View Details
    • Value Estimation
      $21,720,000
      199,914 SF

      4080 Northern Ave

      COMMERCIAL (GENERAL) • 199,914 SF
      4080 Northern Ave, Pueblo, CO 81005-3503
      View Details
    • Value Estimation by Request
      512 SF

      2705 Pr Ave

      COMMERCIAL (GENERAL) • 512 SF
      2705 Pr Ave, Pueblo, CO 81005-5105
      View Details

    Similar Nearby for Sale

    • $795,000
      10,200 SF

      Pueblo Commercial Warehouse & Garages

      High-traffic location, I-2 zoned, lease options.
      2923 Graneros Ln, Pueblo, CO 81005
      View Details
    • $85,000
      35.10 Acres

      Rolling 35 Acres Near Lake Pueblo

      35 acre land parcel with mountain views near Lake Pueblo.
      12 Pope Valley Ranch Rd, Pueblo, CO 81005
      View Details
    • $6,000,000
      45,866 SF

      Pueblo Multifamily Investment Opportunity

      60-unit apartment complex with upgrades and assumable loan in Pueblo, CO.
      2026 Carlee Dr, Pueblo, CO 81005
      View Details
    • $575,000

      Land For Sale Pueblo

      Land available for sale in Pueblo, Colorado.
      2800 S Prairie Ave, Pueblo, CO 81005
      View Details
    • $1,900,000
      5,025 SF

      Medical Facility/Office Conversion Opportunity

      Class A medical facility or office conversion opportunity in Pueblo.
      2035 S Pueblo Blvd, Pueblo, CO 81005
      View Details
    • $130,000
      37.72 Acres

      Pueblo Land with Mountain Views

      Nearly 40 acres with 360 views near Lake Pueblo.
      Newton Rd, Pueblo, CO 81005
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      23,124 SF

      Treasure Island Shopping Center

      Pueblo Retail & Office Space Available
      1216 Prairie Ave, Pueblo, CO 81005
      View Details
    • $10 SF/Yr
      147,603 SF

      Sunset Plaza Retail Center

      Pueblo, CO: Prime Retail Space Available
      1101 Prairie Ave, Pueblo, CO 81005
      View Details
    • Contact for pricing

      Finished Office Space with Parking

      Office space with parking, conference room, and utilities included.
      4 S Avis Ave, Pueblo, CO 81005
      View Details
    • Contact for pricing

      Retail Space in Pueblo, Colorado

      Retail space available in southside shopping center with B-4 zoning.
      1519 Moore Ave, Pueblo, CO 81005
      View Details
    • $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
      View Details
    • 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
      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.
    2900 Northern Ave
    Pueblo, CO 81005-2315
    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.