Flex Space with Highway
For Sale
$2,350,000
4106 Outlook Blvd, Pueblo, CO 81008
Commercial Sale, Pueblo, CO
Property Size23,000 SF
Lot Size2.67 Acres
Price / SF$99.86
Days on Market121
Property Features for 4106 Outlook Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Fencing
Fenced
Subdivision
Northridge/Eagleridge
Lot features
General Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0513051010
Size
23,534 SF
Lot size
2.67 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
A POR OF LOTS 1 & 2 BLK 1 GATEWAY SUB 5TH FILING DESC AS: PAR ""B"": BEG AT THE NWLY COR OF LOT 2, BLK 1 GATEWAY SUB, 5TH FILING; TH ON THE NLY + SELY LN OF SD LOT 2 TH FOLLG (4) COURSES: 1) S 89 DEG
Tax Annual Amount
47209
Legal Description
A POR OF LOTS 1 & 2 BLK 1 GATEWAY SUB 5TH FILING DESC AS: PAR ""B"": BEG AT THE NWLY COR OF LOT 2, BLK 1 GATEWAY SUB, 5TH FILING; TH ON THE NLY + SELY LN OF SD LOT 2 TH FOLLG (4) COURSES: 1) S 89 DEG
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Roof type
Tar/Gravel, Flat
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Kevin Barickman · License #FA100000431
(719) 240-0809
Added: Apr 27
Changed: Aug 24
Last Checked: Aug 25 at 10:06PM
MLS# 236115
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 property includes a 23,534-square-foot commercial building on 2.672 acres, constructed in 2004. The improvements have a flat tar-and-gravel roof, forced-air natural gas heating, central air conditioning, and a fenced site. Public water and public sewer serve the property.
Located at 4106 Outlook Blvd in Pueblo, the building has visibility from Highway 50. B-3 zoning is associated with retail, office, medical, flex space, hospitality, automotive, and redevelopment uses. The combination of building scale, acreage, and existing commercial infrastructure supports a range of operational configurations.
Located at 4106 Outlook Blvd in Pueblo, the building has visibility from Highway 50. B-3 zoning is associated with retail, office, medical, flex space, hospitality, automotive, and redevelopment uses. The combination of building scale, acreage, and existing commercial infrastructure supports a range of operational configurations.
Key Highlights
- 23,534‑square‑foot building on 2.672 acres
- B‑3 zoning identified for retail, office, medical, flex, hospitality, automotive, and redevelopment uses
- Visibility from 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
$111,677
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
4.75%
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%
$2,233,540
$2.2M
Cap Rate 7%
$1,595,386
$1.6M
Cap Rate 9%
$1,240,856
$1.2M
Market Conditions
NOI Build-Up for 23,534 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
$163.8K $6.96/SF
− Vacancy
−$4.3K −$0.18/SF
EGI
$159.5K $6.78/SF
− OpEx
−$47.9K −$2.03/SF
NOI
$111.7K $4.75/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$6.96 /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%
$2,233,540
Cap Rate 7%
$1,595,386
Cap Rate 9%
$1,240,856
Alternative Uses
Best Use
Retail
$3.10M
$2.71M – $3.61M
NOI $216,703 @ 7.0% cap · market cap 9.22%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,677 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$4.90M
$4.29M – $5.72M
NOI $343,282 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,066
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
Market
Vacancy Rate% for Industrial 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?
Flex space - B-3-zoned commercial building with public water and sewer, central air, and flexible interior use potential.
Where is this flex space located?
The property is located at 4106 Outlook Blvd Pueblo, CO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 23,534‑square‑foot building on 2.672 acres; B‑3 zoning identified for retail, office, medical, flex, hospitality, automotive, and redevelopment uses; Visibility from Highway 50
