Mixed-Use Investment Property in
1941-43 Lake Ave Pueblo, CO 81004
1941-43 Lake Ave, Pueblo, CO, 81004
$595,000
For Sale
$595,000
COMMERCIAL - Pueblo, CO
Property Size3,642 SF
Price / SF$163.37
Days on Market324
Property Features for 1941-43 Lake Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-1
- Standard status
- Active
- APN
- 1511401013
- Size
- 3,642 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 30 TO 33 BLK 4 LAKEVIEW PL
- Tax Annual Amount
- 3950
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1907
- Roof type
- Tar/Gravel
Listing agency
Rocky Mountain Realty
(719) 569-7276
Listed by
Shawn Martinez · License #FA40004934
(719) 240-2502
Added: Sep 3, 2025 Updated: May 14 at 3:07PM Checked: Jul 23 at 4:06AM
MLS# 234415
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.
This well-maintained mixed-use property features a total of seven units, including five residential apartments and two commercial storefronts. The property is centrally located near St. Mary-Corwin Hospital, shopping areas, schools, and I-25. The residential units are fully leased and feature a mix of spacious floor plans. The commercial spaces benefit from excellent street exposure and stable business tenancy. The property is located in Pueblo, CO, and has a B-1 zoning. The building has a total size of 3,642 square feet.
Key Highlights
- Well‑maintained 7‑unit mixed‑use property featuring 5 residential apartments and 2 commercial storefronts.
- Centrally located near St. Mary‑Corwin Hospital, shopping, schools, and I‑25 for easy access.
- Fully leased residential units offer spacious floor plans.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.0k | $16.20 |
| − Vacancy | −$2.4k | −$0.65 |
| EGI | $56.6k | $15.55 |
| − OpEx | −$21.2k | −$5.83 |
| NOI | $35.4k | $9.72 |
3,642 SF · lease $16.20/SF/yr · vacancy 4.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 5.95%
Second Best
Retail
$479.1K
$419.2K – $558.9K
NOI $33,536 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$758.9K
$664.1K – $885.4K
NOI $53,124 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Seven-unit mixed-use property with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 1941-43 Lake Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Well‑maintained 7‑unit mixed‑use property featuring 5 residential apartments and 2 commercial storefronts.; Centrally located near St. Mary‑Corwin Hospital, shopping, schools, and I‑25 for easy access.; Fully leased residential units offer spacious floor plans.
