Open-Plan Retail
For Sale
$2,800,000
1415 W US Hwy 50, Pueblo, CO 81008
Well-maintained retail property with an adaptable interior and an established liquor store configuration.
Property Size11,896 SF
Price / SF$235.37
Days on Market821
Property Features for 1415 W US Hwy 50
General Information
Standard status
Active
Size
11,896 SF
Property subtype
General Commercial
Amenities
open floorplan
3
B-3
Building Details
Year Built
1999
Stories
1
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 546-1717
Listed By:
The Greg Hahn Sales Team
Source:
Xome
Added: Jun 2, 2024
Changed: Aug 30
Last Checked: Aug 30 at 1:58PM
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 11,896-square-foot retail property at 1415 W US Hwy 50 in Pueblo provides an open interior layout suited to its current liquor store operation. The building was constructed in 1999 and offers a maintained commercial setting that can accommodate continued retail use or a different retail concept.
The property includes the existing improvements and business-related furnishings, excluding inventory offered for sale. Its B-3 designation is included in the property information, providing an additional classification detail for evaluation. The asset is positioned on US Hwy 50, with a south-side parking area serving the property.
The property includes the existing improvements and business-related furnishings, excluding inventory offered for sale. Its B-3 designation is included in the property information, providing an additional classification detail for evaluation. The asset is positioned on US Hwy 50, with a south-side parking area serving the property.
Key Highlights
- 11,896‑square‑foot retail property
- Open interior layout supporting current liquor store use
- Constructed in 1999
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
$109,539
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
3.91%
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%
$2,190,780
$2.2M
Cap Rate 7%
$1,564,843
$1.6M
Cap Rate 9%
$1,217,100
$1.2M
Market Conditions
NOI Build-Up for 11,896 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
$165.6K $13.92/SF
− Vacancy
−$9.1K −$0.77/SF
EGI
$156.5K $13.15/SF
− OpEx
−$46.9K −$3.95/SF
NOI
$109.5K $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%
$2,190,780
Cap Rate 7%
$1,564,843
Cap Rate 9%
$1,217,100
Alternative Uses
Best Use
Retail
$1.56M
$1.37M – $1.83M
NOI $109,539 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,522 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 81008, CO
11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
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.
Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained retail property with an adaptable interior and an established liquor store configuration.
Where is this retail space located?
The property is located at 1415 W US Hwy 50 Pueblo, CO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 11,896‑square‑foot retail property; Open interior layout supporting current liquor store use; Constructed in 1999
