Retail Storefront with Rear Overhead
For Sale
$1,600,000
4301 N Elizabeth St, Pueblo, CO 81008
Retail property built in 1968 with B4 zoning, lit parking, outdoor storage, and a rear overhead door.
Property Size7,788 SF
Price / SF$205.44
Days on Market76
Property Features for 4301 N Elizabeth St
General Information
Standard status
Active
Size
7,788 SF
Property subtype
Retail
Zoning
B4
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Building Size
7,788 SF
Year Built
1968
Listing Agency:
Miramont Commercial Real Estate
Listed By:
Simon Penner
(719) 229-1585
Source:
Miramontcre
Added: Jun 22
Changed: Aug 31
Last Checked: Sep 4 at 3:46AM
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 Miramont Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail storefront property was built in 1968 and is offered for sale with B4 zoning. The site includes lit parking, outdoor storage, and a rear overhead door that supports convenient back-of-house access. Signage is also identified as an included feature.
The property is located at 4301 N Elizabeth St in Pueblo, Colorado, and is described as having interstate visibility. The surrounding area is characterized in the remarks as a busy retail and dining corridor with access to local attractions, including the Historic Arkansas Riverwalk and Pueblo River Trail.
As presented, the building is a retail-focused asset suited to street retail use, with exterior features that support practical day-to-day operations.
The property is located at 4301 N Elizabeth St in Pueblo, Colorado, and is described as having interstate visibility. The surrounding area is characterized in the remarks as a busy retail and dining corridor with access to local attractions, including the Historic Arkansas Riverwalk and Pueblo River Trail.
As presented, the building is a retail-focused asset suited to street retail use, with exterior features that support practical day-to-day operations.
Key Highlights
- Retail property built in 1968 with 7,788 SF of space
- B4 zoning
- Lit parking and outdoor storage included
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
$71,713
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
4.48%
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%
$1,434,260
$1.4M
Cap Rate 7%
$1,024,471
$1.0M
Cap Rate 9%
$796,811
$796.8K
Market Conditions
NOI Build-Up for 7,788 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
$108.4K $13.92/SF
− Vacancy
−$6.0K −$0.77/SF
EGI
$102.4K $13.15/SF
− OpEx
−$30.7K −$3.95/SF
NOI
$71.7K $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%
$1,434,260
Cap Rate 7%
$1,024,471
Cap Rate 9%
$796,811
Alternative Uses
Best Use
Retail
$1.02M
$896.4K – $1.20M
NOI $71,713 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,601 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Explore this area
Business Placement
Demographics for 81008, CO
11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property built in 1968 with B4 zoning, lit parking, outdoor storage, and a rear overhead door.
Where is this retail space located?
The property is located at 4301 N Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Retail property built in 1968 with 7,788 SF of space; B4 zoning; Lit parking and outdoor storage included
