Updated Four-Unit
For Sale
$525,000
2-8 Alan Shepard Rd, Pueblo, CO 81001
Fully leased property with two-bedroom layouts and dedicated parking.
Property Size5,654 SF
Price / SF$92.85
Days on Market10
Property Features for 2-8 Alan Shepard Rd
General Information
Standard status
Active
Size
5,654 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
dedicated parking
Building Details
Year Built
1970
Listing Agency:
eXp Realty, LLC
Listed By:
Dan Fortune · License #036166
(888) 440-2724
Source:
719coloradohome
Added: Sep 7
Changed: Sep 15
Last Checked: Sep 15 at 2:44PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Located at 2-8 Alan Shepard Rd in Pueblo, this 5,654-square-foot multifamily property contains four residential units. Constructed in 1970, the building has been updated and is configured with two bedrooms and one bathroom per unit. Dedicated parking serves the property, while professional management is already in place.
All four units are currently leased. The property is near Colorado State University–Pueblo, major employers, parks, and shopping, providing access to a range of nearby community and employment resources. Its four-unit configuration and consistent floor plans offer a straightforward multifamily format for ownership or portfolio expansion.
All four units are currently leased. The property is near Colorado State University–Pueblo, major employers, parks, and shopping, providing access to a range of nearby community and employment resources. Its four-unit configuration and consistent floor plans offer a straightforward multifamily format for ownership or portfolio expansion.
Key Highlights
- Four‑unit multifamily property at 2‑8 Alan Shepard Rd, Pueblo, CO 81001
- 5,654‑square‑foot building constructed in 1970
- Each unit includes 2 bedrooms and 1 bathroom
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
$46,280
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
8.82%
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%
$925,600
$925.6K
Cap Rate 7%
$661,143
$661.1K
Cap Rate 9%
$514,222
$514.2K
Market Conditions
NOI Build-Up for 5,654 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
$68.5K $12.12/SF
− Vacancy
−$2.4K −$0.43/SF
EGI
$66.1K $11.69/SF
− OpEx
−$19.8K −$3.51/SF
NOI
$46.3K $8.19/SF
Area
Pueblo, CO
Vacancy
3.52%
Lease Rate
$12.12 /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%
$925,600
Cap Rate 7%
$661,143
Cap Rate 9%
$514,222
Alternative Uses
Best Use
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$595.5K
$521.1K – $694.8K
NOI $41,685 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,473 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Quadplex - Fully leased property with two-bedroom layouts and dedicated parking.
Where is this quadplex located?
The property is located at 2-8 Alan Shepard Rd Pueblo, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 2‑8 Alan Shepard Rd, Pueblo, CO 81001; 5,654‑square‑foot building constructed in 1970; Each unit includes 2 bedrooms and 1 bathroom
