Retail Space with Flexible
For Sale
$579,900
2020 S Pueblo Blvd, Pueblo, CO 81005
B-2-zoned property near Walmart and multiple shopping centers, with parking for customer and client access.
Property Size4,564 SF
Price / SF$128.87
Days on Market20
Property Features for 2020 S Pueblo Blvd
General Information
Standard status
Active
Size
4,564 SF
Property subtype
Commercial
Zoning
B-2
Taxes and HOA fees
Annual Taxes
$4,621
Building Details
Building Size
4,564 SF
Year Built
1979
Buildings
1
Stories
2
Listing Agency:
The Saucedo Real Estate Group
(719) 320-1822
Listed By:
The All Star Team
(719) 320-1822
Source:
Pikespeakdreamhomesrealty
Added: Jul 23
Changed: Aug 7
Last Checked: Aug 10 at 11:28AM
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 The Saucedo Real Estate Group
Investment Insights
Based on property information with market context.
This 4,500-square-foot retail building was constructed in 1979 and features a flexible interior layout. The property is zoned B-2 and includes ample parking, supporting customer visits and client access. Its configuration can accommodate continued retail use, office occupancy, or an owner-user concept, as described in the property information.
Located at 2020 S Pueblo Blvd in Pueblo, Colorado, the building sits near Walmart and multiple shopping centers on the city’s south side. The surrounding commercial setting provides established retail context along S Pueblo Blvd. The property is positioned for an owner seeking a retail building with adaptable space and proximity to existing shopping activity.
Located at 2020 S Pueblo Blvd in Pueblo, Colorado, the building sits near Walmart and multiple shopping centers on the city’s south side. The surrounding commercial setting provides established retail context along S Pueblo Blvd. The property is positioned for an owner seeking a retail building with adaptable space and proximity to existing shopping activity.
Key Highlights
- 4,500‑square‑foot retail building constructed in 1979
- B‑2 zoning
- Flexible layout suited to retail, office, or owner‑user concepts
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
$49,309
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
8.50%
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%
$986,180
$986.2K
Cap Rate 7%
$704,414
$704.4K
Cap Rate 9%
$547,878
$547.9K
Market Conditions
NOI Build-Up for 4,500 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
$67.5K $15.00/SF
− Vacancy
−$1.8K −$0.39/SF
EGI
$65.7K $14.61/SF
− OpEx
−$16.4K −$3.65/SF
NOI
$49.3K $10.96/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$15.00 /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%
$986,180
Cap Rate 7%
$704,414
Cap Rate 9%
$547,878
Alternative Uses
Best Use
Office B
$704.4K
$616.4K – $821.8K
NOI $49,309 @ 7.0% cap · market cap 8.50%
Second Best
Retail
$591.9K
$518.0K – $690.6K
NOI $41,436 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$937.7K
$820.5K – $1.09M
NOI $65,640 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Office 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?
Retail space - B-2-zoned property near Walmart and multiple shopping centers, with parking for customer and client access.
Where is this retail space located?
The property is located at 2020 S Pueblo Blvd Pueblo, CO.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 4,500‑square‑foot retail building constructed in 1979; B‑2 zoning; Flexible layout suited to retail, office, or owner‑user concepts
