Historic Mixed-Use
For Sale
Contact for pricing
114 Colorado Ave 116, Pueblo, CO 81004
Historic mixed-use building with an adaptable layout and a private parking lot behind the structure.
Property Size2,816 SF
Price / SF$202.41
Days on Market161
Property Features for 114 Colorado Ave 116
General Information
Standard status
Active
Size
2,816 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
R-3
Building Details
Year Built
1928
Units
5
Listing Agency:
Curtis Ryan Properties
Listed By:
Curtis Propeties · License #100086597
Source:
Crexi
Added: Apr 3
Changed: Aug 26
Last Checked: Sep 10 at 6:01AM
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 Curtis Ryan Properties
Investment Insights
Based on property information with market context.
This historic mixed-use building offers a flexible interior layout intended to support a range of uses. The public remarks note that the configuration can accommodate retail, office, or apartment conversion, making it a strong fit for investors and owner-users looking for adaptability.
The property is located at 114 Colorado Ave 116 in Pueblo, CO 81004. The public remarks also highlight a private parking lot behind the building, providing added convenience that can be valuable for tenants and visitors. If you’re seeking a character-forward property with the ability to be reworked for multiple use types, this offering is worth a closer look.
The property is located at 114 Colorado Ave 116 in Pueblo, CO 81004. The public remarks also highlight a private parking lot behind the building, providing added convenience that can be valuable for tenants and visitors. If you’re seeking a character-forward property with the ability to be reworked for multiple use types, this offering is worth a closer look.
Key Highlights
- Historic mixed‑use building built in 1928
- Adaptable layout designed to accommodate multiple use types, including retail, office, or apartment conversion
- Private parking lot located behind the building
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
$27,372
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
4.80%
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%
$547,440
$547.4K
Cap Rate 7%
$391,029
$391.0K
Cap Rate 9%
$304,133
$304.1K
Market Conditions
NOI Build-Up for 2,816 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
$45.6K $16.20/SF
− Vacancy
−$1.8K −$0.65/SF
EGI
$43.8K $15.55/SF
− OpEx
−$16.4K −$5.83/SF
NOI
$27.4K $9.72/SF
Area
Pueblo, CO
Vacancy
4.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$547,440
Cap Rate 7%
$391,029
Cap Rate 9%
$304,133
Alternative Uses
Best Use
Mixed Use
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.8K
$513.5K – $684.6K
NOI $41,076 @ 7.0% cap · market cap 7.21%
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
1,305
Businesses Nearby
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic mixed-use building with an adaptable layout and a private parking lot behind the structure.
Where is this mixed-use property located?
The property is located at 114 Colorado Ave 116 Pueblo, CO.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Historic mixed‑use building built in 1928; Adaptable layout designed to accommodate multiple use types, including retail, office, or apartment conversion; Private parking lot located behind the building
