Property profile

428 Mcculloch Blvd Pueblo West, CO 81007

OFF-MARKET
Individual retail properties
Property ID
US13-0291040
3,000 SF 0.45 ac lot Built 2001
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Location

428 Mcculloch Blvd Pueblo West, CO 81007-2888
Pueblo West metro Census 2914 PUEBLO, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$518k
Blend (final) Blend
$745k

Owner & transaction history

since 2025
Last sale
$810,000
6 recorded transactions
2025
$810,000
2022
Price N/A
2016
$465,000
2008
Price N/A
2005
Price N/A
2005
Price N/A

Zoning & alternative use

B-4 · Pueblo West, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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