Downtown Corner Retail
For Sale
$832,000
127 N Santa Fe Ave, Pueblo, CO 81003
COMMERCIAL - Pueblo, CO
Property Size5,160 SF
Lot Size0.12 Acres
Price / SF$161.24
Days on Market31
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
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
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: Aug 4
Last Checked: Aug 13 at 6:06AM
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 downtown corner commercial property offers a spacious open floor plan with high ceilings, abundant natural light, and distinctive architectural character. The sale includes kitchen appliances, furniture, and fixtures, supporting a turnkey setup for a range of commercial concepts.
The property is positioned for visibility from I-25 and is located next to the Sangre de Cristo Performing Arts Center, with proximity to the Courtyard by Marriott, restaurants, shopping, entertainment, and the Historic Arkansas Riverwalk. Access is provided via both Santa Fe Avenue and 2nd Street.
The listing includes approximately 20 private off-street parking spaces. A second unit is currently leased for $2,500 per month, providing immediate rental income alongside flexibility for an owner-user or investor.
The property is positioned for visibility from I-25 and is located next to the Sangre de Cristo Performing Arts Center, with proximity to the Courtyard by Marriott, restaurants, shopping, entertainment, and the Historic Arkansas Riverwalk. Access is provided via both Santa Fe Avenue and 2nd Street.
The listing includes approximately 20 private off-street parking spaces. A second unit is currently leased for $2,500 per month, providing immediate rental income alongside flexibility for an owner-user or investor.
Key Highlights
- Corner commercial property with approx. 20 private off‑street parking spaces with access from Santa Fe Avenue and 2nd Street
- Second unit is currently leased for $2,500 per month for immediate rental income
- Visibility from I‑25 and located next to the Sangre de Cristo Performing Arts Center, steps from the Courtyard by Marriott and the Historic Arkansas Riverwalk
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
6.12%
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 6.12%
Second Best
Retail
$678.8K
$593.9K – $791.9K
NOI $47,514 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.08M
$940.8K – $1.25M
NOI $75,267 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,013
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corner retail building with an open interior, high ceilings, and a second unit currently leased for rental income.
Where is this retail space 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 $832,000.
What are key features of this property?
This property features: Corner commercial property with approx. 20 private off‑street parking spaces with access from Santa Fe Avenue and 2nd Street; Second unit is currently leased for $2,500 per month for immediate rental income; Visibility from I‑25 and located next to the Sangre de Cristo Performing Arts Center, steps from the Courtyard by Marriott and the Historic Arkansas Riverwalk
