B-4 Storefront Building with Central
For Sale
$723,500
123 W 4th St, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size5,040 SF
Lot Size0.06 Acres
Price / SF$143.55
Days on Market186
Property Features for 123 W 4th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Northside/Avenues
Lot features
General Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0536115007
Size
5,040 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 21.4 FT LOT 14 BLK 27 PUEBLO
Tax Annual Amount
3366
Legal Description
E 21.4 FT LOT 14 BLK 27 PUEBLO
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1897
Floors in Building
2
Roof type
Tar/Gravel, Asphalt
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Peggy Willcox
(719) 582-0682
Added: Feb 20
Changed: Aug 19
Last Checked: Aug 25 at 10:06PM
MLS# 237034
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.
Storefront building zoned B-4 offering 3 floors and approximately 5,040 square feet of fully functional space. Heating is electric with forced air and natural gas, and the property has central air cooling. Roof systems include tar/gravel and asphalt. The building was constructed in 1897 and connects to public water and public sewer.
Located at 123 W 4th St in Pueblo, the property is described as high-visibility on one of Pueblo’s main thoroughfares. It is about two blocks from Interstate 25, on West 4th (also known as Hwy 96), where CDOT reports annual average daily traffic of 12,000 to 21,000 cars per day.
The space is presented as occupied by a popular, established business tenant, with a configuration intended to support retail storefront use across multiple floors.
Located at 123 W 4th St in Pueblo, the property is described as high-visibility on one of Pueblo’s main thoroughfares. It is about two blocks from Interstate 25, on West 4th (also known as Hwy 96), where CDOT reports annual average daily traffic of 12,000 to 21,000 cars per day.
The space is presented as occupied by a popular, established business tenant, with a configuration intended to support retail storefront use across multiple floors.
Key Highlights
- Zoned B‑4 storefront building with central air
- 3 floors with approximately 5,040 square feet
- ~0.059‑acre lot at 123 W 4th St, Pueblo
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
$46,409
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
6.41%
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%
$928,180
$928.2K
Cap Rate 7%
$662,986
$663.0K
Cap Rate 9%
$515,656
$515.7K
Market Conditions
NOI Build-Up for 5,040 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
$70.2K $13.92/SF
− Vacancy
−$3.9K −$0.77/SF
EGI
$66.3K $13.15/SF
− OpEx
−$19.9K −$3.95/SF
NOI
$46.4K $9.21/SF
Area
Pueblo, CO
Vacancy
5.50%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
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%
$928,180
Cap Rate 7%
$662,986
Cap Rate 9%
$515,656
Alternative Uses
Best Use
Retail
$663.0K
$580.1K – $773.5K
NOI $46,409 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.0K – $1.23M
NOI $73,517 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building zoned B-4 with central air, 3 floors, and public water and sewer.
Where is this storefront property located?
The property is located at 123 W 4th St Pueblo, CO.
What is the asking price?
The asking price for this property is $723,500.
What are key features of this property?
This property features: Zoned B‑4 storefront building with central air; 3 floors with approximately 5,040 square feet; ~0.059‑acre lot at 123 W 4th St, Pueblo
