Mixed-Use Event
For Sale
$330,000
5206 Thatcher Ave, Pueblo, CO 81005
Commercial Sale, Pueblo, CO
Property Size2,616 SF
Lot Size1.01 Acres
Price / SF$126.15
Days on Market11
Property Features for 5206 Thatcher Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Fencing
Fenced
Subdivision
Westwood Village
Lot features
Corner Lot
Elementary school
60B
Middle school
60B
High school
60B
Standard status
Active
APN
1504200007
Size
2,616 SF
Lot size
1.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Very Lengthy. Parcel Numbers 1504200007 & 1504200009
Tax Annual Amount
9014
Legal Description
Very Lengthy. Parcel Numbers 1504200007 & 1504200009
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
The Onyx Group
(719) 501-1557
Added: Sep 17
Last Checked: Sep 27 at 1:06PM
MLS# 242313
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 mixed-use property includes a 2,616-square-foot clubhouse and event hall on approximately 1.01 acres. The building dates to 1948 and is served by natural gas heating, evaporative cooling, public water, and public sewer. Fenced grounds provide additional exterior space alongside the existing facility.
Located in Pueblo near Lake Pueblo State Park, the Arkansas River, City Park Golf Course, and Highway 50, the property offers access to established recreational and transportation destinations. B-4 zoning supports its commercial positioning, while the building and surrounding land can accommodate event, meeting, restaurant, retail, community, outdoor recreation, storage, or parking applications as described in the property information.
Located in Pueblo near Lake Pueblo State Park, the Arkansas River, City Park Golf Course, and Highway 50, the property offers access to established recreational and transportation destinations. B-4 zoning supports its commercial positioning, while the building and surrounding land can accommodate event, meeting, restaurant, retail, community, outdoor recreation, storage, or parking applications as described in the property information.
Key Highlights
- 2,616‑square‑foot clubhouse and event hall
- Approximately 1.01 acres of land
- B‑4 zoning in Pueblo
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
$25,428
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
7.71%
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%
$508,560
$508.6K
Cap Rate 7%
$363,257
$363.3K
Cap Rate 9%
$282,533
$282.5K
Market Conditions
NOI Build-Up for 2,616 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
$42.4K $16.20/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$40.7K $15.55/SF
− OpEx
−$15.3K −$5.83/SF
NOI
$25.4K $9.72/SF
Area
Pueblo, CO
Vacancy
4.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$508,560
Cap Rate 7%
$363,257
Cap Rate 9%
$282,533
Alternative Uses
Best Use
Mixed Use
$363.3K
$317.9K – $423.8K
NOI $25,428 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.1K
$477.0K – $636.0K
NOI $38,159 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Clubhouse and event hall with B-4 zoning, public utilities, and fenced outdoor area in Pueblo.
Where is this mixed-use property located?
The property is located at 5206 Thatcher Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,616‑square‑foot clubhouse and event hall; Approximately 1.01 acres of land; B‑4 zoning in Pueblo
