Office Building with NNN
For Sale
$1,250,000
1414 W 4th St, Pueblo, CO 81004
Commercial Sale, Pueblo, CO
Property Size8,627 SF
Lot Size0.66 Acres
Price / SF$144.89
Days on Market104
Property Features for 1414 W 4th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Subdivision
Union Historical
Lot features
Corner Lot, Office Center, Free Standing
Elementary school
D60
Middle school
D60
High school
D60
Standard status
Active
APN
0535117026
Size
8,627 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lengthy. Contact listing agent for full legal description of the parcels.
Tax Annual Amount
8257
Legal Description
Lengthy. Contact listing agent for full legal description of the parcels.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Roof type
Asphalt
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Tia Hoar · License #FA100076433
(719) 470-1599
Added: May 11
Changed: Aug 19
Last Checked: Aug 22 at 9:06AM
MLS# 236793
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 single-tenant office building is designed for a professional workday, featuring two spacious conference rooms, multiple private offices, a lounge area, and a reception area. The property sits on a 0.6571-acre lot and contains 8,627 square feet under roof. Constructed in 1960, it is served by natural gas forced-air heating with central air cooling. Updates include a new roof and updated HVAC. Parking is supported by 60 dedicated spaces.
The property is zoned B-2 and is connected to public utilities, including public water and public sewer.
A long-term NNN lease is in place, providing a stabilized tenant arrangement for the buyer seeking an income-focused office asset.
The property is zoned B-2 and is connected to public utilities, including public water and public sewer.
A long-term NNN lease is in place, providing a stabilized tenant arrangement for the buyer seeking an income-focused office asset.
Key Highlights
- 0.6571‑acre lot
- 8,627 SF office building with reception, lounge, private offices, and two conference rooms
- Long‑term NNN lease in place
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
$94,530
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
7.56%
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%
$1,890,600
$1.9M
Cap Rate 7%
$1,350,429
$1.4M
Cap Rate 9%
$1,050,333
$1.1M
Market Conditions
NOI Build-Up for 8,627 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
$129.4K $15.00/SF
− Vacancy
−$3.4K −$0.39/SF
EGI
$126.0K $14.61/SF
− OpEx
−$31.5K −$3.65/SF
NOI
$94.5K $10.96/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$15.00 /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%
$1,890,600
Cap Rate 7%
$1,350,429
Cap Rate 9%
$1,050,333
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,530 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,839 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
919
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
Market
Vacancy Rate% for Office 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?
Office building - Single-tenant office building in B-2 zoning with central air and a long-term NNN lease.
Where is this office building located?
The property is located at 1414 W 4th St Pueblo, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 0.6571‑acre lot; 8,627 SF office building with reception, lounge, private offices, and two conference rooms; Long‑term NNN lease in place
