Three-Story Storefront
For Sale
$723,500
123 W 4th St, Pueblo, CO 81003
Three-story storefront with an established business tenant and B-4 zoning.
Property Size5,040 SF
Days on Market193
Property Features for 123 W 4th St
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Commercial
Zoning
B-4
Additional Details
Traffic Count
21,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$3,366
Building Details
Building Size
5,040 SF
Year Built
1897
Stories
2
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 582-0682
Listed By:
Peggy Willcox
(719) 582-0682
Source:
Pikespeakdreamhomesrealty
Added: Feb 13
Changed: Aug 21
Last Checked: Aug 25 at 8:38AM
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 three-floor storefront property contains over 6000 square feet of fully functional commercial space and is occupied by an established business tenant. Constructed in 1897, the building is zoned B-4 and offers a substantial vertical layout for continued retail or other supported commercial use.
The property is located at 123 W 4th St in Pueblo, on West 4th, also known as Hwy 96. Interstate 25 is two blocks away, while the surrounding section carries reported traffic volumes of 12,000 to 21,000 cars per day based on CDOT's annual average daily traffic counts.
The property is located at 123 W 4th St in Pueblo, on West 4th, also known as Hwy 96. Interstate 25 is two blocks away, while the surrounding section carries reported traffic volumes of 12,000 to 21,000 cars per day based on CDOT's annual average daily traffic counts.
Key Highlights
- Three‑floor storefront building with over 6000 square feet of space
- Established business tenant in place
- B‑4 zoning
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
$46,409
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
6.41%
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%
$928,180
$928.2K
Cap Rate 7%
$662,986
$663.0K
Cap Rate 9%
$515,656
$515.7K
Market Conditions
NOI Build-Up for 5,040 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
$70.2K $13.92/SF
− Vacancy
−$3.9K −$0.77/SF
EGI
$66.3K $13.15/SF
− OpEx
−$19.9K −$3.95/SF
NOI
$46.4K $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%
$928,180
Cap Rate 7%
$662,986
Cap Rate 9%
$515,656
Alternative Uses
Best Use
Retail
$663.0K
$580.1K – $773.5K
NOI $46,409 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.0K – $1.23M
NOI $73,517 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,965
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Three-story storefront with an established business tenant and B-4 zoning.
Where is this storefront property located?
The property is located at 123 W 4th St Pueblo, CO.
What is the asking price?
The asking price for this property is $723,500.
What are key features of this property?
This property features: Three‑floor storefront building with over 6000 square feet of space; Established business tenant in place; B‑4 zoning
