Conventional Restaurant
For Sale
Under Contract
$239,900
1918 W Northern Ave, Pueblo, CO 81004
COMMERCIAL - Pueblo, CO
Property Size2,100 SF
Lot Size0.28 Acres
Price / SF$114.24
Days on Market57
Property Features for 1918 W Northern Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Subdivision
Minnequa Area
Lot features
Corner Lot
Elementary school
60
Middle school
60
High school
60
Standard status
Active Under Contract
APN
1511108001
Size
2,100 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLK 2 COLLEGE HILL SUB 3RD
Tax Annual Amount
3047
Legal Description
LOT 1 BLK 2 COLLEGE HILL SUB 3RD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Roof type
Tar/Gravel
Listing Agency:
The Saucedo Real Estate Group
(719) 564-6622
Listed By:
The All Star Team
(719) 320-1822
Added: Jul 8
Changed: Aug 5
Last Checked: Sep 2 at 11:06PM
MLS# 237193
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 conventional restaurant building is offered for sale at 1918 W Northern Ave in Pueblo, CO 81004. The property is listed under Zoning “COM” and has a total building size of 2,100 square feet with a 0.28-acre lot.
The offering is classified as commercial real estate and restaurants, making it suitable for buyers seeking a restaurant-focused property configuration in the COM zoning designation.
The offering is classified as commercial real estate and restaurants, making it suitable for buyers seeking a restaurant-focused property configuration in the COM zoning designation.
Key Highlights
- 1969‑built home with electric heating and baseboard heat
- Evaporative cooling system
- Public water supply and public sewer
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
$20,718
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
8.64%
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%
$414,360
$414.4K
Cap Rate 7%
$295,971
$296.0K
Cap Rate 9%
$230,200
$230.2K
Market Conditions
NOI Build-Up for 2,100 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
$29.2K $13.92/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$27.6K $13.15/SF
− OpEx
−$6.9K −$3.29/SF
NOI
$20.7K $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%
$414,360
Cap Rate 7%
$295,971
Cap Rate 9%
$230,200
Alternative Uses
Best Use
Specialty Retail
$296.0K
$259.0K – $345.3K
NOI $20,718 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.6K
$382.9K – $510.5K
NOI $30,632 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
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 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?
Conventional restaurant - Zoned COM and listed for sale as a conventional restaurant property totaling 2,100 square feet on a 0.28-acre lot.
Where is this conventional restaurant located?
The property is located at 1918 W Northern Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1969‑built home with electric heating and baseboard heat; Evaporative cooling system; Public water supply and public sewer
