Flex Space with Streetfront
New
For Sale
$495,000
1509-1511 W 4th St, Pueblo, CO 81004
Commercial Sale, Pueblo, CO
Property Size3,607 SF
Lot Size0.25 Acres
Price / SF$137.23
Days on Market2
Property Features for 1509-1511 W 4th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Subdivision
Central High School
Lot features
Free Standing, Neighborhood Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
495
Size
3,607 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
A PAR BEING A POR OF LOTS 30, 31 + 32 BLK G, SOUTH PUEBLO BEING DESC AS: BEG AT THE MOST SLY COR OF SD LOT 32, TH N 45 DEG 00 MIN 00 SEC W ALG THE SWLY LINE OF SD LOTS 30,31 + 32, A DIST OF 150 FT TO
Tax Annual Amount
4632
Legal Description
A PAR BEING A POR OF LOTS 30, 31 + 32 BLK G, SOUTH PUEBLO BEING DESC AS: BEG AT THE MOST SLY COR OF SD LOT 32, TH N 45 DEG 00 MIN 00 SEC W ALG THE SWLY LINE OF SD LOTS 30,31 + 32, A DIST OF 150 FT TO
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
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Berrier Group
(719) 547-1727
Added: Sep 1
Last Checked: Sep 2 at 7:06PM
MLS# 242045
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.
Located at 1509-1511 W. 4th St. in Pueblo, this 3,607-square-foot flex property combines a customer-facing storefront and showroom with workspace, shop, and storage areas. Expansive front windows bring natural light to the street-facing portion, while the approximately 1,300-square-foot shop adds room for workshop activity, equipment, inventory, or supplies. The configuration places public-facing and back-of-house functions within one building.
The property is zoned B-2, with commercial uses subject to zoning and City approval. Building systems include natural gas and forced-air heating, central air conditioning, public water, and public sewer. Constructed in 1900, the property is positioned for access to Downtown Pueblo, I-25, and surrounding commercial areas.
The property is zoned B-2, with commercial uses subject to zoning and City approval. Building systems include natural gas and forced-air heating, central air conditioning, public water, and public sewer. Constructed in 1900, the property is positioned for access to Downtown Pueblo, I-25, and surrounding commercial areas.
Key Highlights
- 3,607‑square‑foot flex property at 1509‑1511 W. 4th St.
- Approximately 1,300‑square‑foot shop for workshop, equipment, inventory, or supply needs
- Street‑facing storefront and showroom with expansive front windows
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
Warehouse
$296.9K
$259.8K – $346.4K
NOI $20,784 @ 7.0% cap · market cap 4.20%
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 - Mixed front-of-house and workshop areas support varied commercial configurations.
Where is this flex space located?
The property is located at 1509-1511 W 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‑square‑foot flex property at 1509‑1511 W. 4th St.; Approximately 1,300‑square‑foot shop for workshop, equipment, inventory, or supply needs; Street‑facing storefront and showroom with expansive front windows
