Drive-Through Restaurant Building, Zoned
For Sale
$325,000
1005 S Pueblo Blvd, Pueblo, CO 81005
COMMERCIAL - Pueblo, CO
Property Size1,150 SF
Lot Size0.59 Acres
Price / SF$282.61
Days on Market35
Property Features for 1005 S Pueblo Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Regency And Meadows
Lot features
Free Standing
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1504401033
Size
1,150 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1 STANLEYS FILING 3RD LOT 2 STANLEYS FILING #3 LESS POR TO DPT BY PROJECT #SHE 0451-009 FORMERLY #15-044-01-036
Tax Annual Amount
3698
Legal Description
LOT 1 STANLEYS FILING 3RD LOT 2 STANLEYS FILING #3 LESS POR TO DPT BY PROJECT #SHE 0451-009 FORMERLY #15-044-01-036
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Roof type
Flat
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
John Grove · License #40034264
(719) 369-7169
Added: Jul 9
Changed: Aug 4
Last Checked: Aug 12 at 1:06AM
MLS# 234881
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Drive-through restaurant building at 1005 S Pueblo Blvd, Pueblo, CO 81005, built in 1977 with a flat roof. The property includes public water and public sewer, plus natural gas forced-air heating and evaporative cooling.
The sale includes two Pueblo Blvd lots. The primary lot with the building is 25,700 SF (0.59 acres), and an adjoining paved parcel adds 13,528 SF (0.31 acres) with an entry curb cut. According to CDOT, approximately 27,000 vehicles per day pass in front of the location.
Zoned B-4, the property supports a wide range of commercial uses, including retail, restaurant concepts, liquor stores, medical offices, and automotive-related businesses. Concrete parking lot remains in place with the original cutouts.
The sale includes two Pueblo Blvd lots. The primary lot with the building is 25,700 SF (0.59 acres), and an adjoining paved parcel adds 13,528 SF (0.31 acres) with an entry curb cut. According to CDOT, approximately 27,000 vehicles per day pass in front of the location.
Zoned B-4, the property supports a wide range of commercial uses, including retail, restaurant concepts, liquor stores, medical offices, and automotive-related businesses. Concrete parking lot remains in place with the original cutouts.
Key Highlights
- Approximately 27,000 vehicles per day pass in front of the location per CDOT
- 25,700 SF (0.59 acres) primary lot with building
- Adjoining paved parcel adds 13,528 SF (0.31 acres) with entry curb cut
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$226,920
$226.9K
Cap Rate 7%
$162,086
$162.1K
Cap Rate 9%
$126,067
$126.1K
Market Conditions
NOI Build-Up for 1,150 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.0K $13.92/SF
− Vacancy
−$880 −$0.77/SF
EGI
$15.1K $13.15/SF
− OpEx
−$3.8K −$3.29/SF
NOI
$11.3K $9.87/SF
Area
Pueblo, CO
Vacancy
5.50%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$226,920
Cap Rate 7%
$162,086
Cap Rate 9%
$126,067
Alternative Uses
Best Use
Specialty Retail
$162.1K
$141.8K – $189.1K
NOI $11,346 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - B-4 zoned drive-through restaurant building with natural gas forced-air heat, evaporative cooling, and public water and sewer.
Where is this drive through restaurant located?
The property is located at 1005 S Pueblo Blvd Pueblo, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approximately 27,000 vehicles per day pass in front of the location per CDOT; 25,700 SF (0.59 acres) primary lot with building; Adjoining paved parcel adds 13,528 SF (0.31 acres) with entry curb cut
