Retail
For Sale
$1,099,000
204 W 15th Street, Pueblo, CO 81003
Commercial space with R5 zoning in Pueblo, Colorado.
Property Size8,858 SF
Price / SF$124.07
Days on Market54
Property Features for 204 W 15th Street
General Information
Standard status
Active
Size
8,858 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,941
Building Details
Year Built
1905
Listing Agency:
Renjoy Real Estate
(719) 650-7245
Listed By:
Tanner Pile · License #FA.100094868
(602) 881-7554
Source:
Exitrealty
Added: Aug 14
Changed: Sep 9
Last Checked: Sep 15 at 5:04AM
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 Renjoy Real Estate
Investment Insights
Based on property information with market context.
The property is a retail space comprising 8,858 square feet. Built in 1900, the building offers an established commercial structure for continued retail use or future repositioning consistent with applicable zoning.
Located at 204 West 15th Street in Pueblo, Colorado, the property is identified with R5 zoning.
Located at 204 West 15th Street in Pueblo, Colorado, the property is identified with R5 zoning.
Key Highlights
- 8,858‑square‑foot retail space
- R5 zoning designation
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,565
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,300
$1.6M
Cap Rate 7%
$1,165,214
$1.2M
Cap Rate 9%
$906,278
$906.3K
Market Conditions
NOI Build-Up for 8,858 SF
Gross rent
$123.3K $13.92/SF
− Vacancy
−$6.8K −$0.77/SF
EGI
$116.5K $13.15/SF
− OpEx
−$35.0K −$3.95/SF
NOI
$81.6K $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 Rate 5%
$1,631,300
Cap Rate 7%
$1,165,214
Cap Rate 9%
$906,278
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,565 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,208 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial space with R5 zoning in Pueblo, Colorado.
Where is this retail space located?
The property is located at 204 W 15th Street Pueblo, CO.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 8,858‑square‑foot retail space; R5 zoning designation; Built in 1900
