Three-Story Mixed-Use
For Sale
Contact for pricing
319 N Santa Fe Ave, Pueblo, CO 81003
B-4 zoning and three sections at varied renovation stages support flexible commercial configuration.
Property Size22,560 SF
Price / SF$145.83
Days on Market160
Property Features for 319 N Santa Fe Ave
General Information
Standard status
Active
Size
22,560 SF
Property subtype
Hospitality, Office, Retail
Zoning
B-4
Building Details
Year Built
1900
Year Renovated
2023
Stories
3
Listing Agency:
HomeSmart Preferred Realty
(719) 250-4489
Listed By:
Eric Young · License #100038205
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 11:49AM
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 HomeSmart Preferred Realty
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.
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 = 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
$247,201
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
7.51%
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%
$4,944,020
$4.9M
Cap Rate 7%
$3,531,443
$3.5M
Cap Rate 9%
$2,746,678
$2.7M
Market Conditions
NOI Build-Up for 22,560 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
$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 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%
$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
NOI $247,201 @ 7.0% cap · market cap 7.51%
Second Best
Mixed Use
$3.13M
$2.74M – $3.65M
NOI $219,283 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $329,074 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
