Mixed-Use Investment Property in
1941-43 Lake Ave, Pueblo, CO 81004
- Added:
- Sep 3, 2025
- Days on Market:
- 266
- Last Refresh:
- May 26 at 11:06 pm
Property Features for 1941-43 Lake Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-1
- Standard status
- Active
- APN
- 1511401013
- Size
- 3,642 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 30 TO 33 BLK 4 LAKEVIEW PL
- Tax Annual Amount
- 3950
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1907
- Roof type
- Tar/Gravel
Listing agent Shawn Martinez License #Fa40004934 (719) 240-2502
Listing office Rocky Mountain Realty 201 N Main St., Pueblo, CO (719) 569-7276
Listing date Sep 3, 2025
MLS# 234415
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.
HighLights
- Well‑maintained 7‑unit mixed‑use property featuring 5 residential apartments and 2 commercial storefronts.
- Centrally located near St. Mary‑Corwin Hospital, shopping, schools, and I‑25 for easy access.
- Fully leased residential units offer spacious floor plans.
- Stable business tenancy in commercial spaces ensures excellent street exposure.
- Reliable cash flow and upside potential in the growing Pueblo market.
- Public water and sewer.
Overview
This well-maintained mixed-use property features a total of seven units, including five residential apartments and two commercial storefronts. The property is centrally located near St. Mary-Corwin Hospital, shopping areas, schools, and I-25. The residential units are fully leased and feature a mix of spacious floor plans. The commercial spaces benefit from excellent street exposure and stable business tenancy. The property is located in Pueblo, CO, and has a B-1 zoning. The building has a total size of 3,642 square feet.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$393.3K
NOI $35,400 @ 9.00% cap · cautious / downside scenario
Moderate
$505.7K
NOI $35,400 @ 7.00% cap · market / base-case scenario
Aggressive
$708.0K
NOI $35,400 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.0k | $16.20 |
| − Vacancy | −$2.4k | −$0.65 |
| EGI | $56.6k | $15.55 |
| − OpEx | −$21.2k | −$5.83 |
| NOI | $35.4k | $9.72 |
3,642 SF · lease $16.20/SF/yr · vacancy 4.00% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 5.95%
Second Best
Retail
$479.1K
$419.2K – $558.9K
NOI $33,536 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$758.9K
$664.1K – $885.4K
NOI $53,124 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.6255273
- Latitude
- 38.2355435
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Seven-unit mixed-use property with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 1941-43 Lake Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Well‑maintained 7‑unit mixed‑use property featuring 5 residential apartments and 2 commercial storefronts.; Centrally located near St. Mary‑Corwin Hospital, shopping, schools, and I‑25 for easy access.; Fully leased residential units offer spacious floor plans.
