Two-Lot Storefront
For Sale
$325,000
1005 S Pueblo Blvd, Pueblo, CO 81005
B-4-zoned property includes a paved adjoining parcel and an existing commercial building.
Property Size1,150 SF
Days on Market331
Property Features for 1005 S Pueblo Blvd
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Commercial
Zoning
B-4
Taxes and HOA fees
Annual Taxes
$3,698
Building Details
Building Size
1,150 SF
Year Built
1977
Stories
1
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 369-7169
Listed By:
John Grove · License #40034264
(719) 369-7169
Source:
Pikespeakdreamhomesrealty
Added: Sep 29, 2025
Changed: Aug 21
Last Checked: Aug 25 at 9:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Of Pueblo Inc
Investment Insights
Based on property information with market context.
This B-4-zoned storefront property includes an existing commercial building on a 0.59-acre primary parcel, plus an adjoining 0.31-acre paved parcel. The building dates to 1977 and was originally developed as a South Side Sonic Drive-In; the concrete parking area retains its original cutouts. The additional parcel includes an entry curb cut, expanding the site across two Pueblo Boulevard lots.
Located at 1005 S. Pueblo Blvd., the property fronts Pueblo Boulevard, also identified as State Hwy. 45. Approximately 27,000 vehicles pass the location each day according to CDOT. The corridor connects Hwy 50 with I-25 and serves as a major route through Pueblo. B-4 zoning supports a broad range of commercial possibilities, including retail, restaurant, medical office, automotive, personal-service, and other business uses identified in the source information.
Located at 1005 S. Pueblo Blvd., the property fronts Pueblo Boulevard, also identified as State Hwy. 45. Approximately 27,000 vehicles pass the location each day according to CDOT. The corridor connects Hwy 50 with I-25 and serves as a major route through Pueblo. B-4 zoning supports a broad range of commercial possibilities, including retail, restaurant, medical office, automotive, personal-service, and other business uses identified in the source information.
Key Highlights
- Two Pueblo Boulevard lots included in the sale
- Primary lot measures 25,700 Sq. Ft. (.59 acres)
- Adjoining paved parcel adds 13,528 Sq. Ft. (.31 acres)
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
$10,589
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
3.26%
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%
$211,780
$211.8K
Cap Rate 7%
$151,271
$151.3K
Cap Rate 9%
$117,656
$117.7K
Market Conditions
NOI Build-Up for 1,150 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
$16.0K $13.92/SF
− Vacancy
−$880 −$0.77/SF
EGI
$15.1K $13.15/SF
− OpEx
−$4.5K −$3.95/SF
NOI
$10.6K $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%
$211,780
Cap Rate 7%
$151,271
Cap Rate 9%
$117,656
Alternative Uses
Best Use
Retail
$151.3K
$132.4K – $176.5K
NOI $10,589 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Under-served
Demand for This Use
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 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?
Storefront property - B-4-zoned property includes a paved adjoining parcel and an existing commercial building.
Where is this storefront property located?
The property is located at 1005 S Pueblo Blvd Pueblo, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two Pueblo Boulevard lots included in the sale; Primary lot measures 25,700 Sq. Ft. (.59 acres); Adjoining paved parcel adds 13,528 Sq. Ft. (.31 acres)
