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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Individual retail properties
428 Mcculloch Blvd, Pueblo West, CO 81007-2888
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0291040
Property summary
AI-generated overview
This exceptional investment opportunity presents a stabilized retail storefront located at 428 S McCulloch Blvd, Pueblo West, CO 81007. The property consists of two single-story buildings totaling 6,000 square feet on a substantial 19,500 square foot lot. Built in 2001, the property is currently 37% occupied by Star Buds, a leading recreational cannabis retailer, under an absolute NNN lease with a corporate guarantee from Schwazze. This provides a secure and reliable income stream, with a current net operating income (NOI) of $66,000 and a 7.76% capitalization rate. The asking price is $850,000, translating to $141.67 per square foot. The tenant has occupied the 2,232 square foot space since December 2019, demonstrating a long-term commitment to the location. This investment is ideal for buyers seeking a proven, income-generating asset in a strategic location within Pueblo County. Seller financing options are available. The property's location offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-positioned retail property with a strong tenant and significant upside potential.
Property profile
Verified
Property type
Individual retail properties
Use group
CANNABIS DISPENSARY
Year built
2001
Construction
STEEL FRAME
Total area
3,000 SF
Lot
0.45 ac (19,500 SF)
Zoning code
B-4
APN
611312004
UPID
US13-0291040
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$518k
Blend (final)
Blend
$775k
Owner & transaction history
Halo Investments LLC · 1 yrs held
Halo Investments LLC
since 2025
Last sale
$810,000
6 recorded transactions
Zoning & alternative use
B-4 · Pueblo West, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pueblo West submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pueblo West submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$745,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $810k (Feb 14 2025)
Last sale anchor
$810k
Feb 14 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$258 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,351
Tax year 2023
Assessed value
$83,310
Assessed 2023
Previous assessed
$77,470
+7.5% YoY
Effective rate
10.02%
On assessed value
Assessed land
$5,000
Assessed improvement
$78,310
Land market value
$17,906
Improvement market value
$280,698
Total market value
$298,604
Applied tax rate
70.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
CANNABIS DISPENSARY
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
3,000 SF
Lot
0.45 ac (19,500 SF)
Zoning code
B-4
APN
611312004
UPID
US13-0291040
Jurisdiction
PUEBLO
Zoning & alternative use
B-4 · Pueblo West, CO
Zoning B-4 · permitted uses
B-4 · Pueblo West, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pueblo West. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Halo Investments LLC
Entity
Mailing address
7030 E 46TH AVE DR UNIT F, DENVER, CO 80216-3469
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
$810,000
Halo Investments LLC
428 Mccultoch LLC
Warranty Deed
$475,348 · Frontier Bank
May 26, 2022
—
428 Meculloch LLC
—
Deed
related
$1,000,000 · Bts Operations LLC
May 3, 2016
$465,000
428 Mcculloch LLC
Catena,bart
Warranty Deed
—
Mar 11, 2008
—
Record Owner
Catena,barbara
Grant Deed
related
—
May 25, 2005
—
Barbara Catena
Catena,bart
Quit Claim Deed
—
Mar 9, 2005
—
Bart Catena
Catena,bart & Audrey
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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