New search
Property profile & analytics
FOR SALE
Office buildings
311 W 24Th St, Pueblo, CO 81003
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0893258
For Sale
1 / 2
$395,000
311 W 24Th St, Pueblo, CO 81003
View Listing →
Property summary
AI-generated overview
This stabilized, multi-tenant office building presents a compelling investment opportunity in Pueblo, Colorado. Boasting a 13% cap rate and a strong NOI of $57,600, this 3,820 square foot property is situated on a 0.28-acre lot at 311 W 24th St, 81003, offering convenient access to I-25 and the city's business center. The building, constructed in 1956 and renovated in 1990, features nine units across one story, currently housing four tenants with 100% occupancy under gross leases. The property includes 13 parking spaces and recently underwent improvements, including resealing and painting the parking lot and updating/replacing HVAC systems. The building is classified as Class B and zoned B-4. The asking price is $440,000, translating to $24 per square foot. This is a turnkey investment with two long-term tenants and on-site property management. The property's strong performance and prime location make it an ideal addition to any commercial real estate portfolio. The property features a total of 3,820 square feet of net rentable space. No rent bumps are anticipated.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,820 SF
Lot
0.28 ac (12,000 SF)
Zoning code
B2:COMM/SUBREG BUS
APN
524417015
UPID
US13-0893258
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bradley's Bankruptcy Law Firm (Pueblo) Law Firm Financial Advisor
-
Moss Law Firm LLC Law Firm
-
AVA Estates, Inc. Real Estate Agency
-
Suzette Butler Crisis Center Medical Clinic
-
TaxHelpLaw, J David Hopkins Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Caleb Lieser · 5 yrs held
Caleb Lieser
since 2021
Last sale
$350,000
3 recorded transactions
Zoning & alternative use
B2:COMM/SUBREG BUS · Pueblo, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pueblo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pueblo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,835
Tax year 2023
Assessed value
$99,310
Assessed 2023
Previous assessed
$81,170
+22.3% YoY
Effective rate
8.90%
On assessed value
Assessed land
$5,930
Assessed improvement
$93,380
Land market value
$21,240
Improvement market value
$334,682
Total market value
$355,922
Applied tax rate
60.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,820 SF
Lot
0.28 ac (12,000 SF)
Zoning code
B2:COMM/SUBREG BUS
APN
524417015
UPID
US13-0893258
Jurisdiction
PUEBLO
Zoning & alternative use
B2:COMM/SUBREG BUS · Pueblo, CO
Zoning B2:COMM/SUBREG BUS · permitted uses
B2:COMM/SUBREG BUS · Pueblo, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pueblo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Caleb Lieser
Individual
Mailing address
5414 RONDO WAY, COLORADO SPRINGS, CO 80911-3609
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$350,000
Caleb Lieser
Education First INC
Warranty Deed
$266,111 · Legacy Bank
Mar 6, 2014
$275,000
Education First INC
Rivic LLC
Warranty Deed
$225,000 · Rivic LLC
Aug 3, 2004
—
Rivic LLC
Moss,victor & Margaret
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
