Concrete Warehouse With Shipping
New
For Sale
$319,000
524 W 4th St, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size3,190 SF
Lot Size0.21 Acres
Price / SF$100
Days on Market5
Property Features for 524 W 4th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Union Historical
Lot features
Corner Lot, Free Standing, Historic Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0536123003
Size
3,190 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 7 + 8 LESS R/W BLK 12 STATE ADD
Tax Annual Amount
3063
Legal Description
LOTS 7 + 8 LESS R/W BLK 12 STATE ADD
Utilities
Heating system
Natural Gas, Electric (Heating), Radiant
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Roof type
Flat, Tar/Gravel
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Elizabeth Gladney · License #100076157
(719) 671-6776
Added: Sep 23
Last Checked: Sep 27 at 2:06PM
MLS# 242423
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 3,190-square-foot warehouse is an all-concrete building constructed in 1948. The property includes a dock ramp and shipping dock, with a flat tar-and-gravel roof and heating provided by natural gas, electric, and radiant systems. Public water serves the property, and the zoning is B-4.
The warehouse is located at 524 W 4th St in Pueblo, Colorado 81003. Its configuration supports warehouse use while offering established loading infrastructure for receiving and shipping operations.
The warehouse is located at 524 W 4th St in Pueblo, Colorado 81003. Its configuration supports warehouse use while offering established loading infrastructure for receiving and shipping operations.
Key Highlights
- 3,190‑square‑foot warehouse building
- All‑concrete construction completed in 1948
- Dock ramp and shipping dock
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
$18,381
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
5.76%
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%
$367,620
$367.6K
Cap Rate 7%
$262,586
$262.6K
Cap Rate 9%
$204,233
$204.2K
Market Conditions
NOI Build-Up for 3,190 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
$22.2K $6.96/SF
− Vacancy
−$577 −$0.18/SF
EGI
$21.6K $6.78/SF
− OpEx
−$3.2K −$1.02/SF
NOI
$18.4K $5.76/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
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%
$367,620
Cap Rate 7%
$262,586
Cap Rate 9%
$204,233
Alternative Uses
Best Use
Warehouse
$262.6K
$229.8K – $306.4K
NOI $18,381 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.7K
$581.6K – $775.5K
NOI $46,531 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Kings Storage — 617 W 6th St, Pueblo, CO 81003
- Packing House Self Storage Pueblo CO — 626 n main st, pueblo, co 81003
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with durable concrete construction, dock access, and B-4 zoning in Pueblo.
Where is this warehouse located?
The property is located at 524 W 4th St Pueblo, CO.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 3,190‑square‑foot warehouse building; All‑concrete construction completed in 1948; Dock ramp and shipping dock
