Flex Space with
New
For Sale
$495,000
1509-1511 4th St, Pueblo, CO 81004
Combines customer-facing display areas with workshop and storage space under one roof.
Property Size3,607 SF
Price / SF$137.23
Days on Market5
Property Features for 1509-1511 4th St
General Information
Standard status
Active
Size
3,607 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1900
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 546-1717
Listed By:
Berrier Group
(719) 547-1727
Source:
Xome
Added: Aug 30
Changed: Sep 2
Last Checked: Sep 2 at 2:04PM
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 3,607-square-foot flex property at 1509–1511 W. 4th Street combines a storefront, showroom, workspace, shop, and storage areas. Large front windows bring natural light into the customer-facing portion of the building, while the approximately 1,300-square-foot shop adds room for workshop activity, equipment, inventory, and supplies. The layout supports a mix of public-facing and operational functions within one commercial property, with any specific use subject to zoning and City approval.
The property is positioned in an established commercial corridor with access to Downtown Pueblo, I-25, and surrounding commercial areas. Its street-facing configuration provides space for business signage and customer interaction along W. 4th Street.
The property is positioned in an established commercial corridor with access to Downtown Pueblo, I-25, and surrounding commercial areas. Its street-facing configuration provides space for business signage and customer interaction along W. 4th Street.
Key Highlights
- 3,607 SF flex property with storefront, showroom, workspace, shop, and storage
- Approximately 1,300 sq. ft. shop for workshop activity, equipment, inventory, and supplies
- Large front windows provide natural light in the customer‑facing area
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
$33,214
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
6.71%
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%
$664,280
$664.3K
Cap Rate 7%
$474,486
$474.5K
Cap Rate 9%
$369,044
$369.0K
Market Conditions
NOI Build-Up for 3,607 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
$50.2K $13.92/SF
− Vacancy
−$2.8K −$0.77/SF
EGI
$47.4K $13.15/SF
− OpEx
−$14.2K −$3.95/SF
NOI
$33.2K $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%
$664,280
Cap Rate 7%
$474,486
Cap Rate 9%
$369,044
Alternative Uses
Best Use
Retail
$474.5K
$415.2K – $553.6K
NOI $33,214 @ 7.0% cap · market cap 6.71%
Second Best
Industrial
$244.5K
$214.0K – $285.3K
NOI $17,116 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$751.6K
$657.7K – $876.9K
NOI $52,614 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Under-served
Demand for This Use
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 Industrial 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?
Flex space - Combines customer-facing display areas with workshop and storage space under one roof.
Where is this flex space located?
The property is located at 1509-1511 4th St Pueblo, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,607 SF flex property with storefront, showroom, workspace, shop, and storage; Approximately 1,300 sq. ft. shop for workshop activity, equipment, inventory, and supplies; Large front windows provide natural light in the customer‑facing area
