Building Details

Year Built 1900

Year Renovated 2023

Stories 3

Listing Agency: HomeSmart Preferred Realty

Listed By: Eric Young · License #100038205 Show Phone

Source: Crexi

Added: Mar 26 Changed: Oct 4 Last Checked: Oct 14 at 11:12PM

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Investment Insights

Based on property information with market context.

This three-story mixed-use building contains 22,560 square feet on a 0.258-acre parcel at 319 N Santa Fe Ave in Pueblo. Constructed in 1900, the property is organized into three separate sections with renovation work at different stages, creating a combination of existing usability and unfinished improvement areas.

The B-4 zoning supports the commercial character of the property, with the source information identifying retail, office, service-oriented business, and mixed-use concepts among the potential applications. The configuration can accommodate users seeking distinct areas within one building, while the varied renovation status provides a clear framework for completing improvements over time.

Key Highlights

• 22,560‑square‑foot three‑story mixed‑use building
• 0.258‑acre parcel at 319 N Santa Fe Ave, Pueblo, CO 81003
• B‑4 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$247,201

Cap Rate

7.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,944,020 $4.9M

Cap Rate 7%

$3,531,443 $3.5M

Cap Rate 9%

$2,746,678 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,560 SF

Gross rent

$338.4K $15.00/SF

− Vacancy

−$8.8K −$0.39/SF

EGI

$329.6K $14.61/SF

− OpEx

−$82.4K −$3.65/SF

NOI

$247.2K $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 Rate 5%

$4,944,020

Cap Rate 7%

$3,531,443

Cap Rate 9%

$2,746,678

Alternative Uses

Best Use

Office B

$3.53M

$3.09M – $4.12M (±1% cap)

NOI $247,201 @ 7.0% cap · market cap 7.51%

Second Best

Mixed Use

$3.13M

$2.74M – $3.65M (±1% cap)

NOI $219,283 @ 7.0% cap · market cap 6.67%

Theoretical Best

Office A

$4.70M

$4.11M – $5.48M (±1% cap)

NOI $329,074 @ 7.0% cap · market cap 10.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Storage Facility Daycare Center Pharmacy (Bike/Boat/Book/etc) Store Home Appliance Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,151

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - B-4 zoning and three sections at varied renovation stages support flexible commercial configuration.

Where is this mixed-use property located?

The property is located at 319 N Santa Fe Ave Pueblo, CO.

What is the asking price?

The asking price for this property is $3,290,000.

What are key features of this property?

This property features: 22,560‑square‑foot three‑story mixed‑use building; 0.258‑acre parcel at 319 N Santa Fe Ave, Pueblo, CO 81003; B‑4 zoning