Office Units with Retail
For Sale
$599,900
411 S Pueblo Blvd, Pueblo, CO 81005
COMMERCIAL - Pueblo, CO
Property Size5,745 SF
Lot Size1.42 Acres
Price / SF$104.42
Days on Market92
Property Features for 411 S Pueblo Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
S-1
Subdivision
Westside
Lot features
Free Standing
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
534006010
Size
5,745 SF
Lot size
1.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See Assessor.
Tax Annual Amount
0
Legal Description
See Assessor.
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Roof type
Tar/Gravel
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Donna Austin, · License #EA40021105
(719) 251-1701
Added: May 12
Changed: Aug 4
Last Checked: Aug 11 at 7:06AM
MLS# 238702
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 office-unit property on a 1.42-acre lot currently includes seven offices, a big common area, a dedicated retail space, multiple storage areas, and three bathrooms. The layout also features two conference rooms, including one sized 33.5 x 21.5, plus a kitchen and additional space that can support more offices or other needs. Exterior and site amenities include a lit parking lot with 26 spaces and room for expansion, while interior ceilings are 8 and 10 feet. Doors are listed as 32 x 80, and office sizes range from 10 x 9 to 24 x 15. The property totals 5,745 SF and was built in 1995, with tar/gravel roofing.
Visibility is a stated benefit, with approximately 25k cars passing by daily. The building is served by public water and public sewer.
Heating is natural gas forced air, and cooling is central air.
Visibility is a stated benefit, with approximately 25k cars passing by daily. The building is served by public water and public sewer.
Heating is natural gas forced air, and cooling is central air.
Key Highlights
- 1.42‑acre lot with 5,745 SF office and retail setup
- Seven offices plus common area, kitchen, and storage space
- Dedicated retail space and big common area (23 x 15 and 33 x 21)
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
$52,900
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
8.82%
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%
$1,058,000
$1.1M
Cap Rate 7%
$755,714
$755.7K
Cap Rate 9%
$587,778
$587.8K
Market Conditions
NOI Build-Up for 5,745 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
$80.0K $13.92/SF
− Vacancy
−$4.4K −$0.77/SF
EGI
$75.6K $13.15/SF
− OpEx
−$22.7K −$3.95/SF
NOI
$52.9K $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%
$1,058,000
Cap Rate 7%
$755,714
Cap Rate 9%
$587,778
Alternative Uses
Best Use
Office B
$899.3K
$786.9K – $1.05M
NOI $62,951 @ 7.0% cap · market cap 10.49%
Second Best
Retail
$755.7K
$661.3K – $881.7K
NOI $52,900 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,800 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - S-1 zoned office property with retail space, central air, and multiple offices, conference rooms, and storage areas.
Where is this office units located?
The property is located at 411 S Pueblo Blvd Pueblo, CO.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1.42‑acre lot with 5,745 SF office and retail setup; Seven offices plus common area, kitchen, and storage space; Dedicated retail space and big common area (23 x 15 and 33 x 21)
