525 W 7th St
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525 W 7th St
3,135 SF 100% Leased Retail Building Pueblo, CO 81003 $750,000 ($239/SF) 7.35% Cap Rate
Investment Highlights
- Remodeled Shop
- Downtown Location
- Remodeled Home
Executive Summary
6.2% CAP! Great income property in downtown Pueblo with no deferred maintenance. It includes a 3-bay shop and a fully remodeled home. The shop is made of block construction and has 3 new overhead doors, plus one more door at the back, 2 lifts, an office, and a bathroom. It also has a new roof, furnace, swamp cooler, paint inside and outside, and water heater. The current rental rate is $2,850. The house has been completely remodeled with new electrical, plumbing, mechanical systems, and siding. It has 2 bedrooms, 2 bathrooms, an office, and a stunning new kitchen and bathrooms. The location is just two blocks from the Judicial Building and 8 blocks from Parkview Medical Center on a busy street. Great income potential! 1031X Friendly.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$59,400
|
$18.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,400
|
$18.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,161
|
$1.33
|
| Net Operating Income |
$55,239
|
$17.62
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $59,400 |
| Annual Per SF | $18.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $59,400 |
| Annual Per SF | $18.95 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,161 |
| Annual Per SF | $1.33 |
| Net Operating Income | |
|---|---|
| Annual | $55,239 |
| Annual Per SF | $17.62 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,135 SF
Building Class
C
Year Built
1972
Price
$750,000
Price Per SF
$239
Cap Rate
7.35%
NOI
$55,118
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Land Acres
0.14 AC
Opportunity Zone
Yes
Zoning
B-4 - Very Flexible For a Variety of Uses
Parking
6 Spaces (1.91 Spaces per 1,000 SF Leased)
Frontage
78 FT on 7th St
Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $25,060 | |
| Land Assessment | $8,000 | Total Assessment | $33,060 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,000
Improvements Assessment
$25,060
Total Assessment
$33,060
-
Cameron McClellan -
Colorado Team Real Estate
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525 W 7th St
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