Downtown Storefront
New
For Sale
$1,140,000
424-426 W 4th St, Pueblo, CO 81003
Commercial Sale, Pueblo, CO
Property Size6,608 SF
Lot Size0.16 Acres
Price / SF$172.52
Days on Market1
Property Features for 424-426 W 4th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Subdivision
Union Historical
Lot features
Corner Lot, Free Standing, Historic Business District
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0536124005
Size
6,608 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 14 FT LOT 4 ALL 5 BLK 5 STATE ADD
Tax Annual Amount
5628
Legal Description
W 14 FT LOT 4 ALL 5 BLK 5 STATE ADD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Roof type
Asphalt
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Elizabeth Gladney · License #100076157
(719) 671-6776
Added: Sep 27
Last Checked: Sep 27 at 1:06PM
MLS# 242493
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 6,608-square-foot masonry storefront building dates to 1900 and is occupied by a tenant. The 0.16-acre parcel has an asphalt roof, forced-air heating fueled by natural gas, and central air conditioning. Public water and sewer serve the property.
The building is at 424-426 W 4th St in Pueblo, along the State Highway 96 corridor through Central Pueblo. It is zoned B-4 and is offered individually or within a portfolio that also includes parcels at 500 and 524 West 4th Street. The 2026 Central Pueblo Framework Plan identifies reinvestment and adaptive reuse as priorities for the broader downtown area.
The building is at 424-426 W 4th St in Pueblo, along the State Highway 96 corridor through Central Pueblo. It is zoned B-4 and is offered individually or within a portfolio that also includes parcels at 500 and 524 West 4th Street. The 2026 Central Pueblo Framework Plan identifies reinvestment and adaptive reuse as priorities for the broader downtown area.
Key Highlights
- 6,608‑square‑foot masonry storefront building
- Tenant‑occupied; available individually or as part of a portfolio
- 0.16‑acre parcel zoned B‑4
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
$60,847
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
5.34%
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%
$1,216,940
$1.2M
Cap Rate 7%
$869,243
$869.2K
Cap Rate 9%
$676,078
$676.1K
Market Conditions
NOI Build-Up for 6,608 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
$92.0K $13.92/SF
− Vacancy
−$5.1K −$0.77/SF
EGI
$86.9K $13.15/SF
− OpEx
−$26.1K −$3.95/SF
NOI
$60.8K $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%
$1,216,940
Cap Rate 7%
$869,243
Cap Rate 9%
$676,078
Alternative Uses
Best Use
Retail
$869.2K
$760.6K – $1.01M
NOI $60,847 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,388 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - A tenant-occupied masonry property has public water and sewer service, forced-air natural gas heat, and central air conditioning.
Where is this storefront property located?
The property is located at 424-426 W 4th St Pueblo, CO.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: 6,608‑square‑foot masonry storefront building; Tenant‑occupied; available individually or as part of a portfolio; 0.16‑acre parcel zoned B‑4
