Fenced Storefront
For Sale
$597,000
300 &224 N Chester Ave, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size2,400 SF
Lot Size1.32 Acres
Price / SF$191.35
Days on Market270
Property Features for 300 &224 N Chester Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-2
Subdivision
Union Historical
Lot features
Free Standing
Elementary school
D60
Middle school
D60
High school
D60
Standard status
Active
APN
431220010 multiple
Size
3,120 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PARCEL 1:LOTS 9 - 12 BLK 5 EAST PUEBLO LESS RR R/W ALSO 1/2 VAC 3RD ST ADJ BY #1078386 FORMERLY 04-312-20-004;PARCEL2&3 LENGTHY
Tax Annual Amount
1040
Legal Description
PARCEL 1:LOTS 9 - 12 BLK 5 EAST PUEBLO LESS RR R/W ALSO 1/2 VAC 3RD ST ADJ BY #1078386 FORMERLY 04-312-20-004;PARCEL2&3 LENGTHY
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
enclosed carport
fenced
Building Details
Year built
1963
Floors in Building
1
Roof type
Metal, Flat
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Tia Hoar · License #FA100076433
(719) 470-1599
Added: Nov 28, 2025
Changed: Aug 19
Last Checked: Aug 25 at 8:06PM
MLS# 235860
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 storefront property comprises three parcels totaling 1.32 acres, with 3,120 square feet across two buildings. The larger structure contains 2,400 square feet, while the second building provides 720 square feet. An enclosed carport and perimeter fencing are included, and the property has central air conditioning with electric, forced-air, and natural-gas heating systems.
Located at 300 & 224 N Chester Ave in Pueblo, the property is served by public water and public sewer. Metal and flat roof systems are in place, and the improvements date to 1963. The existing pawn shop business and inventory may also be acquired with the real estate.
Located at 300 & 224 N Chester Ave in Pueblo, the property is served by public water and public sewer. Metal and flat roof systems are in place, and the improvements date to 1963. The existing pawn shop business and inventory may also be acquired with the real estate.
Key Highlights
- Three parcels totaling 1.32 acres
- 3,120 square feet across two buildings: 2,400 sq ft and 720 sq ft
- Enclosed carport and fenced property
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
$28,729
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
4.81%
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%
$574,580
$574.6K
Cap Rate 7%
$410,414
$410.4K
Cap Rate 9%
$319,211
$319.2K
Market Conditions
NOI Build-Up for 3,120 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
$43.4K $13.92/SF
− Vacancy
−$2.4K −$0.77/SF
EGI
$41.0K $13.15/SF
− OpEx
−$12.3K −$3.95/SF
NOI
$28.7K $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%
$574,580
Cap Rate 7%
$410,414
Cap Rate 9%
$319,211
Alternative Uses
Best Use
Retail
$410.4K
$359.1K – $478.8K
NOI $28,729 @ 7.0% cap · market cap 4.81%
Second Best
Industrial
$211.5K
$185.1K – $246.8K
NOI $14,805 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$650.1K
$568.9K – $758.5K
NOI $45,510 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Fenced storefront property with an enclosed carport, public water and sewer, and central air conditioning.
Where is this storefront property located?
The property is located at 300 &224 N Chester Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $597,000.
What are key features of this property?
This property features: Three parcels totaling 1.32 acres; 3,120 square feet across two buildings: 2,400 sq ft and 720 sq ft; Enclosed carport and fenced property
