Retail Building with Flexible
For Sale
$579,900
2020 S Pueblo Blvd, Pueblo, CO 81005
COMMERCIAL - Pueblo, CO
Property Size4,564 SF
Lot Size0.31 Acres
Price / SF$127.06
Days on Market47
Property Features for 2020 S Pueblo Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Subdivision
Highland Park
Lot features
Corner Lot, Free Standing, General Business District
Elementary school
District 60
Middle school
District 60
High school
District 60
Standard status
Active
APN
1510315011
Size
4,564 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT 11 BLK 27 HIGHLAND PARK 15TH
Tax Annual Amount
4621
Legal Description
LOT 11 BLK 27 HIGHLAND PARK 15TH
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Roof type
Rubber
Listing Agency:
The Saucedo Real Estate Group
(719) 564-6622
Listed By:
The All Star Team
(719) 320-1822
Added: Jul 23
Changed: Aug 4
Last Checked: Sep 7 at 2:06AM
MLS# 241332
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 retail building offers a flexible interior layout and approximately 4,564 square feet of space, situated on a 0.309-acre lot. The configuration supports continued retail use or conversion to office-style occupancy, depending on the needs of a new owner or tenant.
Located at 2020 S Pueblo Blvd in Pueblo, CO, the property is positioned on a busy corridor with visibility to passing traffic. It is in close proximity to Walmart and multiple shopping centers, and the site includes ample parking to support customer access.
Zoned B-2, the building is well-suited for a range of retail or office concepts under the existing zoning framework.
Located at 2020 S Pueblo Blvd in Pueblo, CO, the property is positioned on a busy corridor with visibility to passing traffic. It is in close proximity to Walmart and multiple shopping centers, and the site includes ample parking to support customer access.
Zoned B-2, the building is well-suited for a range of retail or office concepts under the existing zoning framework.
Key Highlights
- 4,500 SF commercial building on S Pueblo Blvd
- Central air conditioning with natural gas forced‑air heating
- Roof is rubber
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
$42,026
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
7.25%
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%
$840,520
$840.5K
Cap Rate 7%
$600,371
$600.4K
Cap Rate 9%
$466,956
$467.0K
Market Conditions
NOI Build-Up for 4,564 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
$63.5K $13.92/SF
− Vacancy
−$3.5K −$0.77/SF
EGI
$60.0K $13.15/SF
− OpEx
−$18.0K −$3.95/SF
NOI
$42.0K $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%
$840,520
Cap Rate 7%
$600,371
Cap Rate 9%
$466,956
Alternative Uses
Best Use
Retail
$600.4K
$525.3K – $700.4K
NOI $42,026 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.0K
$832.2K – $1.11M
NOI $66,573 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
439
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 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?
Retail space - 4,564 sq ft retail/office building zoned B-2 with ample parking and a flexible interior layout.
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 SF commercial building on S Pueblo Blvd; Central air conditioning with natural gas forced‑air heating; Roof is rubber
