Redevelopment Retail
For Sale
Contact for pricing
102 Greenwood Ave 115 S Grand Ave, Pueblo, CO 81003
For-sale retail portfolio featuring Class A river-walk positioning and potential for separate owner-user acquisitions.
Property Size26,702 SF
Price / SF$100.37
Days on Market440
Property Features for 102 Greenwood Ave 115 S Grand Ave
General Information
Standard status
Active
Size
26,702 SF
Property subtype
RETAIL
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9555
Listed By:
James (Jamie) Mitchell
(303) 962-9571
Source:
Moodyscre
Added: Jun 30, 2025
Changed: Sep 9
Last Checked: Sep 11 at 10:25AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This for-sale retail portfolio offers Class A positioning along the River Walk, with an assortment of buildings available for consideration. The offering is described as a redevelopment play, and the assemblage includes options that can be sold separately as owner-user deals, along with additional lots available for sale.
The listed addresses include 102 Greenwood Ave and 115 S. Grand Ave in Pueblo, CO 81003, creating a localized package centered on the River Walk area.
As presented, the available buildings are listed under $56/SF, supporting a range of acquisition strategies depending on how units are combined or kept separate.
The listed addresses include 102 Greenwood Ave and 115 S. Grand Ave in Pueblo, CO 81003, creating a localized package centered on the River Walk area.
As presented, the available buildings are listed under $56/SF, supporting a range of acquisition strategies depending on how units are combined or kept separate.
Key Highlights
- Class A retail portfolio with river‑walk positioning
- Redevelopment‑focused offering
- Can be sold separately for owner‑user acquisitions
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
$245,874
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
9.17%
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%
$4,917,480
$4.9M
Cap Rate 7%
$3,512,486
$3.5M
Cap Rate 9%
$2,731,933
$2.7M
Market Conditions
NOI Build-Up for 26,702 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
$371.7K $13.92/SF
− Vacancy
−$20.4K −$0.77/SF
EGI
$351.2K $13.15/SF
− OpEx
−$105.4K −$3.95/SF
NOI
$245.9K $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%
$4,917,480
Cap Rate 7%
$3,512,486
Cap Rate 9%
$2,731,933
Alternative Uses
Best Use
Retail
$3.51M
$3.07M – $4.10M
NOI $245,874 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,492 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,057
Businesses Nearby
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail portfolio featuring Class A river-walk positioning and potential for separate owner-user acquisitions.
Where is this retail space located?
The property is located at 102 Greenwood Ave 115 S Grand Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Class A retail portfolio with river‑walk positioning; Redevelopment‑focused offering; Can be sold separately for owner‑user acquisitions
