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    Property profile & analytics

    56 Precision Dr Pueblo West, CO 81007-1431

    • Individual retail properties
    • 4,000 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2023
    $400,000
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2060256
    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

    • Individual retail properties

    Property Details for 56 Precision Dr

    Year built
    2000
    Lot size
    2.00 lot acres
    Property size
    4,000 SF
    Zone code
    I-2
    Property type
    Individual retail properties
    APN
    601008031
    APU
    601008031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $405,000
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $286,000
      Market price range: $190k - $678k

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

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo West
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.727
    Latitude
    38.3341
    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
    $4,840
    $22,320
    $25,970
    $48,290
    -
    $80,000
    $93,090
    $173,090

    Comparable in this City

    • Value Estimation
      $345,000
      9,660 SF

      73 Research Dr

      CANNABIS DISPENSARY • 9,660 SF
      73 Research Dr, Pueblo West, CO 81007-1408
      View Details
    • Value Estimation
      $315,000
      8,640 SF

      59 Laser Dr

      CANNABIS DISPENSARY • 8,640 SF
      59 Laser Dr, Pueblo West, CO 81007-1400
      View Details
    • Value Estimation
      $320,000
      9,120 SF

      43 Fabrication Dr

      CANNABIS DISPENSARY • 9,120 SF
      43 Fabrication Dr, Pueblo West, CO 81007-1403
      View Details
    • Value Estimation
      $335,000
      5,151 SF

      74 Fabrication Dr

      CANNABIS DISPENSARY • 5,151 SF
      74 Fabrication Dr, Pueblo West, CO 81007-1422
      View Details
    • Value Estimation
      $1,060,000
      18,360 SF

      77 Laser Dr

      CANNABIS DISPENSARY • 18,360 SF
      77 Laser Dr, Pueblo West, CO 81007-1499
      View Details
    • Value Estimation
      $265,000
      16,200 SF

      77 Magneto Dr

      CANNABIS DISPENSARY • 16,200 SF
      77 Magneto Dr, Pueblo West, CO 81007-1428
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.32 Acres

      Commercial Property in Pueblo West

      Retail property for sale in Pueblo West, Colorado.
      688 Maplelawn Dr, Pueblo West, CO 81007
      View Details
    • $696,000
      0.26 Acres

      Pueblo West Commercial Space

      High-visibility commercial building with retail and warehouse space.
      239 Purcell Blvd, Pueblo West, CO 81007
      View Details
    • $13,000,000
      4,289 SF

      Versatile Property with Business Potential

      Expansive property with business setup, land, and well-maintained building.
      58 N Mission Dr, Pueblo West, CO 81007
      View Details
    • $5,850,000
      16,193 SF

      Pueblo Retail Cultivation Facility

      Turnkey Cannabis Operation, High Visibility
      748 Industrial Blvd, Pueblo, CO 81007
      View Details
    • Contact for pricing
      0.17 Acres

      Commercial Land in Pueblo West

      Commercial land suitable for drive-through business, close to amenities.
      268 S Burlington Dr, Pueblo West, CO 81007
      View Details
    • Contact for pricing
      0.25 Acres

      Pueblo West Commercial Land For Sale

      Corner lot suitable for drive-through business near shopping and Hwy 50.
      203 S Burlington Dr, Pueblo West, CO 81007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pueblo West Commercial Space For Rent

      Versatile 4,060 sq ft space in busy, grocery-anchored center.
      74 N Component Dr, Pueblo West, CO 81007
      View Details
    • $22 SF/Yr
      1,564 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru and restaurant infrastructure available for rent.
      76 N Mcculloch Blvd, Pueblo West, CO 81007
      View Details
    • $28 SF/Yr
      2,000 SF

      Drive-Thru Restaurant Space Available

      2,000 SF drive-thru restaurant space for lease.
      922 Hailey Ln, Pueblo West, CO 81007
      View Details
    • Contact for pricing
      43,996 SF

      Pueblo West Commercial Yard Storage

      One acre of fenced yard storage for lease with water.
      42 E Fabrication Dr, Pueblo West, CO 81007
      View Details
    • Contact for pricing
      43,996 SF

      Commercial Yard Storage For Lease

      One acre of fenced yard storage in Pueblo West, Colorado.
      42 E Fabrication Dr, Pueblo West, CO 81007
      View Details
    • Contact for pricing
      9,800 SF

      9,800 SF Warehouse For Rent

      9,800 SF warehouse with offices, storage, and potential rail access.
      1833 E Platteville Blvd, Pueblo West, CO 81007
      View Details
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    56 Precision Dr
    Pueblo West, CO 81007-1431
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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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