Freestanding Retail
For Sale
$395,000
3029 N Elizabeth St, Pueblo, CO 81008
Commercial Sale, Pueblo, CO
Property Size2,915 SF
Lot Size0.20 Acres
Price / SF$135.51
Days on Market47
Property Features for 3029 N Elizabeth St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Subdivision
Northside/Avenues
Lot features
Free Standing, General Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0524102035
Size
2,915 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THE E 174 FT OF THE N 50 FT OF THAT POR OF SD TR 12 LYING W OF THE WLY R/W OF ELIZABETH ST FORMERLY 05-241-02-030
Tax Annual Amount
5830
Legal Description
THE E 174 FT OF THE N 50 FT OF THAT POR OF SD TR 12 LYING W OF THE WLY R/W OF ELIZABETH ST FORMERLY 05-241-02-030
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Roof type
Flat
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Elizabeth Gladney · License #100076157
(719) 671-6776
Added: Aug 12
Changed: Sep 13
Last Checked: Sep 27 at 2:06PM
MLS# 241689
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 2,915-square-foot freestanding retail building was constructed in 1951 and occupies a 0.2-acre parcel at 3029 N. Elizabeth Street. The property includes a flat roof, natural gas and forced-air heating, window-unit cooling, public water, and public sewer. Its commercial layout supports retail, professional services, or owner-user occupancy as described for the property.
The building is positioned near I-25 and U.S. Highway 50, along a commercial corridor in Pueblo County. Nearby context includes established businesses, shopping, dining, and major transportation routes. The property is zoned B-3, with zoning and permitted uses subject to verification.
The building is positioned near I-25 and U.S. Highway 50, along a commercial corridor in Pueblo County. Nearby context includes established businesses, shopping, dining, and major transportation routes. The property is zoned B-3, with zoning and permitted uses subject to verification.
Key Highlights
- 2,915‑square‑foot retail building on a 0.2‑acre parcel
- B‑3 zoning
- Near I‑25 and U.S. Highway 50
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
$26,842
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
6.80%
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%
$536,840
$536.8K
Cap Rate 7%
$383,457
$383.5K
Cap Rate 9%
$298,244
$298.2K
Market Conditions
NOI Build-Up for 2,915 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
$40.6K $13.92/SF
− Vacancy
−$2.2K −$0.77/SF
EGI
$38.3K $13.15/SF
− OpEx
−$11.5K −$3.95/SF
NOI
$26.8K $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%
$536,840
Cap Rate 7%
$383,457
Cap Rate 9%
$298,244
Alternative Uses
Best Use
Retail
$383.5K
$335.5K – $447.4K
NOI $26,842 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$607.4K
$531.5K – $708.7K
NOI $42,520 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81008, CO
11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - B-3-zoned building with highway access and a flexible commercial layout.
Where is this storefront property located?
The property is located at 3029 N Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,915‑square‑foot retail building on a 0.2‑acre parcel; B‑3 zoning; Near I‑25 and U.S. Highway 50
