Corner Storefront with
For Sale
$799,000
127 N Santa Fe Ave, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size5,160 SF
Lot Size0.12 Acres
Price / SF$154.84
Days on Market76
Property Features for 127 N Santa Fe Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Union Historical
Lot features
Corner Lot, Historic Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0536137001
Size
5,160 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 81/100 FT OF LOT 2 ALL 3 BLK 30 PUEBLO
Tax Annual Amount
16048
Legal Description
N 81/100 FT OF LOT 2 ALL 3 BLK 30 PUEBLO
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
open floor plan
high ceilings
abundant natural light
private off-street parking
Building Details
Year built
1900
Floors in Building
1
Roof type
Flat
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Jami Baker Orr Team
(719) 647-7252
Added: Jul 14
Changed: Sep 13
Last Checked: Sep 27 at 12:06PM
MLS# 236794
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 5,160-square-foot storefront property occupies a corner position in Downtown Pueblo and dates to 1900. The interior offers an open floor plan, high ceilings, substantial natural light, and architectural character. Kitchen appliances, furniture, and fixtures are included, supporting a range of commercial configurations. The property also contains a second unit that is currently leased.
Access is provided from both Santa Fe Avenue and 2nd Street, with approximately 20 private off-street parking spaces. The site is positioned near the Sangre de Cristo Performing Arts Center, Courtyard by Marriott, restaurants, shopping, entertainment, and the Historic Arkansas Riverwalk, with visibility from I-25. Building systems include natural gas forced-air heating, central air, public water, public sewer, and a flat roof. Zoning is B-4.
Access is provided from both Santa Fe Avenue and 2nd Street, with approximately 20 private off-street parking spaces. The site is positioned near the Sangre de Cristo Performing Arts Center, Courtyard by Marriott, restaurants, shopping, entertainment, and the Historic Arkansas Riverwalk, with visibility from I-25. Building systems include natural gas forced-air heating, central air, public water, public sewer, and a flat roof. Zoning is B-4.
Key Highlights
- 5,160 SF storefront property on a 0.124‑acre site
- Approximately 20 private off‑street parking spaces
- Access from both Santa Fe Avenue and 2nd Street
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
$50,908
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
6.37%
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%
$1,018,160
$1.0M
Cap Rate 7%
$727,257
$727.3K
Cap Rate 9%
$565,644
$565.6K
Market Conditions
NOI Build-Up for 5,160 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
$71.8K $13.92/SF
− Vacancy
−$4.0K −$0.77/SF
EGI
$67.9K $13.15/SF
− OpEx
−$17.0K −$3.29/SF
NOI
$50.9K $9.87/SF
Area
Pueblo, CO
Vacancy
5.50%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
25.00%
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%
$1,018,160
Cap Rate 7%
$727,257
Cap Rate 9%
$565,644
Alternative Uses
Best Use
Specialty Retail
$727.3K
$636.4K – $848.5K
NOI $50,908 @ 7.0% cap · market cap 6.37%
Second Best
Retail
$678.8K
$593.9K – $791.9K
NOI $47,514 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.08M
$940.8K – $1.25M
NOI $75,267 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - B-4-zoned commercial property with an open layout, high ceilings, and included kitchen, furniture, and fixture packages.
Where is this storefront property located?
The property is located at 127 N Santa Fe Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,160 SF storefront property on a 0.124‑acre site; Approximately 20 private off‑street parking spaces; Access from both Santa Fe Avenue and 2nd Street
