NNN Shopping
For Sale
$5,050,000
279 Purcell Blvd, Pueblo West, CO 81007
A 2013-built retail property with current tenants operating under triple-net lease agreements.
Property Size23,276 SF
Days on Market210
Property Features for 279 Purcell Blvd
General Information
Standard status
Active
Size
23,276 SF
Property subtype
Commercial
Zoning
B-4
Site & Location
Traffic Count
51,000 vehicles/day
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$67,000
Building Details
Building Size
23,276 SF
Year Built
2013
Stories
2
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
(719) 251-1389
Listed By:
Jennifer Smith · License #FA100095733
(719) 251-1389
Source:
Pikespeakdreamhomesrealty
Added: Jan 14
Changed: Aug 11
Last Checked: Aug 11 at 2:25PM
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.
The Shops at Pueblo West is a retail shopping center completed in 2013. Current tenants occupy the property under triple-net lease agreements, providing a consistent lease structure across the existing tenancy. The center is located at 279 Purcell Blvd in Pueblo West, Colorado, at the intersection of US Hwy 50 and Purcell Blvd. The property benefits from exposure to reported daily vehicle volumes exceeding 51,000 at the interchange. B-4 zoning applies to the site.
Key Highlights
- Shopping center completed in 2013
- All current tenants are on triple‑net (NNN) leases
- At the US Hwy 50 and Purcell Blvd interchange
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
$329,110
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
6.52%
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%
$6,582,200
$6.6M
Cap Rate 7%
$4,701,571
$4.7M
Cap Rate 9%
$3,656,778
$3.7M
Market Conditions
NOI Build-Up for 23,276 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
$494.4K $21.24/SF
− Vacancy
−$24.2K −$1.04/SF
EGI
$470.2K $20.20/SF
− OpEx
−$141.0K −$6.06/SF
NOI
$329.1K $14.14/SF
Area
Pueblo County, CO
Vacancy
4.90%
Lease Rate
$21.24 /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%
$6,582,200
Cap Rate 7%
$4,701,571
Cap Rate 9%
$3,656,778
Alternative Uses
Best Use
Retail
$4.70M
$4.11M – $5.49M
NOI $329,110 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.24M – $5.66M
NOI $339,518 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
51,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81007, CO
33,263
Population
12,678
Households
2.6
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
136.5 sq mi
ZIP Area
244
Density / Sq Mi
$95,419
Median Household Income
$50,572
Median Earnings
$1,319
Median Rent
$371,600
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.
Similar Off Market Nearby
- Purcell Plaza — S Purcell Blvd, Pueblo West, CO 81007
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Frequently Asked Questions
What type of property is this?
Shopping center - A 2013-built retail property with current tenants operating under triple-net lease agreements.
Where is this shopping center located?
The property is located at 279 Purcell Blvd Pueblo West, CO.
What is the asking price?
The asking price for this property is $5,050,000.
What are key features of this property?
This property features: Shopping center completed in 2013; All current tenants are on triple‑net (NNN) leases; At the US Hwy 50 and Purcell Blvd interchange
