1414 4Th St Pueblo, CO 81004
- Office buildings
- 8,610 SF
- 0.59 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1414 4Th St
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.59 lot acres
- Property size
- 8,610 SF
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 535117026
- APU
- 535117026
Description
This exceptional investment opportunity presents a 2-story, 8,627 square foot traditional office building located at 1414 W 4th St, Pueblo, CO 81004. The property, built in 1960 and situated on a 0.657-acre lot (APN 0535117026), boasts a 7.58% cap rate and a current NOI of $100,419. A long-term, 100% occupied Net Lease (NNN) with an occupancy date of June 10, 2024, ensures a stable income stream. The building features two spacious conference rooms, multiple private offices, a lounge area, and a reception area. Its prime downtown location offers high visibility and significant foot traffic, complemented by 60 dedicated parking spaces. The B2 zoning and proximity to local businesses, restaurants, and cultural attractions further enhance its desirability. This is a rare opportunity to acquire a high-performing, income-generating asset in a thriving business district. The asking price is $1,325,000, with a price per square foot of $153.59.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $945,000
- 7%
- $985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,155,000
- Geo Method
- $970,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $865,000
- Retail
- $1,030,000
- Mixed-Use
- $1,090,000
- Hospitality
- $850,000
- Educational
- $970,000
- Residential Income
- $1,085,000
- Energy
- $890,000
- Income-Based Land
- $885,000
- Food Service
- $900,000
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.627
- Latitude
- 38.2664
- CBSA code
- 39380
- CBSA name
- PUEBLO, CO METROPOLITAN STATISTICAL AREA