NNN Retail
For Sale
$5,050,000
279 Purcell Blvd, Pueblo West, CO 81007
COMMERCIAL - Pueblo West, CO
Property Size23,276 SF
Lot Size1.60 Acres
Price / SF$216.96
Days on Market148
Property Features for 279 Purcell Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Security features
Security System
Subdivision
Pueblo West East
Lot features
Corner Lot, Shopping Center, Free Standing, Neighborhood Business District, Strip Mall
Elementary school
70
Middle school
70
High school
70
Standard status
Active
APN
0507434028
Size
23,276 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PAR A LOT LINE VACATION NO 2017-009 FORMERLY #57-074-34-021, 022 + 027
Tax Annual Amount
67000
Legal Description
PAR A LOT LINE VACATION NO 2017-009 FORMERLY #57-074-34-021, 022 + 027
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2013
Floors in Building
2
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 440-2724
Listed By:
Jennifer Smith · License #FA100095733
(719) 251-1389
Added: Mar 28
Changed: Aug 4
Last Checked: Aug 22 at 5:06PM
MLS# 236466
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.
The Shops at Pueblo West is a 23,276-square-foot commercial property on 1.6 acres, completed in 2013. The building includes central air conditioning, electric heating, a metal roof, public water, and public sewer. The property is zoned B-4, and existing tenants occupy the space under NNN lease terms.
Located at 279 Purcell Blvd in Pueblo West, the property sits at the intersection of US Hwy 50 and Purcell Blvd. The interchange records 51,000+ vehicles per day, providing a defined access point and exposure within Pueblo County. The asset is also within the 81007 postal area.
Located at 279 Purcell Blvd in Pueblo West, the property sits at the intersection of US Hwy 50 and Purcell Blvd. The interchange records 51,000+ vehicles per day, providing a defined access point and exposure within Pueblo County. The asset is also within the 81007 postal area.
Key Highlights
- 23,276‑square‑foot commercial property on 1.6 acres
- Existing tenants occupy space under NNN lease terms
- Located at the US Hwy 50 and Purcell Blvd interchange
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
$329,110
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
6.52%
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%
$6,582,200
$6.6M
Cap Rate 7%
$4,701,571
$4.7M
Cap Rate 9%
$3,656,778
$3.7M
Market Conditions
NOI Build-Up for 23,276 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
$494.4K $21.24/SF
− Vacancy
−$24.2K −$1.04/SF
EGI
$470.2K $20.20/SF
− OpEx
−$141.0K −$6.06/SF
NOI
$329.1K $14.14/SF
Area
Pueblo County, CO
Vacancy
4.90%
Lease Rate
$21.24 /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%
$6,582,200
Cap Rate 7%
$4,701,571
Cap Rate 9%
$3,656,778
Alternative Uses
Best Use
Retail
$4.70M
$4.11M – $5.49M
NOI $329,110 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.24M – $5.66M
NOI $339,518 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 81007, CO
33,263
Population
12,678
Households
2.6
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
136.5 sq mi
ZIP Area
244
Density / Sq Mi
$95,419
Median Household Income
$50,572
Median Earnings
$1,319
Median Rent
$371,600
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.
Frequently Asked Questions
What type of property is this?
NNN property - B-4-zoned commercial property with existing tenants operating under triple-net lease terms.
Where is this nnn property located?
The property is located at 279 Purcell Blvd Pueblo West, CO.
What is the asking price?
The asking price for this property is $5,050,000.
What are key features of this property?
This property features: 23,276‑square‑foot commercial property on 1.6 acres; Existing tenants occupy space under NNN lease terms; Located at the US Hwy 50 and Purcell Blvd interchange
