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Property profile & analytics
FOR LEASE
Office buildings
635 W Corona Ave, Pueblo, CO 81004
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2682266
For Lease
1 / 12
$1,825,000
635 W Corona Ave, Pueblo, CO 81004
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,173 SF
Lot
0.74 ac (32,425 SF)
Zoning code
B4:COMM/REG BUS DIST
APN
536207010
UPID
US13-2682266
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
-
Southpoint In Pueblo Colorado Construction Company
-
Quiet World Alternative Medicine Practice Spa & Massage Center
-
Farmers Insurance - Randy Cordova Insurance Agency
-
Clarvida Foster Care Service Social Service Agency
-
Garibay Law Office LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.83M
Owner & transaction history
Atlas Tower 1 LLC · 4 yrs held
Atlas Tower 1 LLC
since 2022
6 recorded transactions
Zoning & alternative use
B4:COMM/REG BUS DIST · Pueblo, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.7M
+20.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,210,000
Current use
WAREHOUSE, STORAGE
$2,655,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,950,000
Change: -12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,800,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
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
$19,256
Tax year 2023
Assessed value
$206,630
Assessed 2023
Previous assessed
$175,500
+17.7% YoY
Effective rate
9.32%
On assessed value
Assessed land
$27,280
Assessed improvement
$179,350
Land market value
$97,762
Improvement market value
$642,816
Total market value
$740,578
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 Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
20,173 SF
Lot
0.74 ac (32,425 SF)
Zoning code
B4:COMM/REG BUS DIST
APN
536207010
UPID
US13-2682266
Jurisdiction
PUEBLO
Zoning & alternative use
B4:COMM/REG BUS DIST · Pueblo, CO
Zoning B4:COMM/REG BUS DIST · permitted uses
B4:COMM/REG BUS DIST · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
Atlas Tower 1 LLC
Entity
Mailing address
6841 S YOSEMITE ST STE #110, CENTENNIAL, CO 80112-1410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
Corona 3 LLC
—
Deed
related
$800,000 · Encore Bank NA
Mar 23, 2022
—
Atlas Tower 1 LLC
Corona 3 LLC
Lease
—
Sep 5, 2019
$670,000
Corona 3 LLC
Brt 1 LLC
Warranty Deed
$502,500 · Amg National Trust Bank
Jun 9, 2006
$575,000
Brt 1 LLC
Carole S Renfro
Warranty Deed
$450,000 · Wells Fargo Bank NA
Jun 22, 2005
—
Charles E Renfro
Renfro,charles E
Quit Claim Deed
related
—
—
—
Brt-1 LLC
—
Deed Of Trust
related
$487,857 · Wells Fargo Bank
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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