Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    381 Colorado Drive Drive Bayfield, CO 81122

    View on Map
    Claim this Listing
    For Sale
    $3,000,000

    Business Opp Available - Bayfield, CO

    Property size:
    10,000 SF
    Lot size:
    0.23 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 11 at 2:06 pm

    Property Features for 381 Colorado Drive Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    10,000 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1983
    Architectural style
    Other

    We can help!

    Listing Contact
    Leigh Holmes

    Listing agent Leigh Holmes

    Listing office United Country Blue Sky Homes and Land 2525 E Main Street, Cortez, CO

    Listing date Nov 13, 2025

    MLS# 829906 Listing URL

    Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Grocery Store Business Opportunity

    A rare opportunity exists to acquire the fully operational and highly profitable Bayfield Marketplace grocery store business, priced at $3,000,000. This cash-flowing business is the only grocer in Bayfield, strategically located in the growing La Plata County community, just 25 minutes from Durango, CO. The sale is structured as a seamless, turnkey acquisition, including all existing stock and modern appliances. The business utilizes 10,000 square feet of space within the retail center and has been a community staple since 1983. The store underwent a significant remodel in 2019/2020, which included the installation of new equipment, updated lighting, and fresh interior paint. The property is located at 381 Colorado Drive, Bayfield, CO 81122. The lot size is 0.23 acres. The real estate is not included in this price, though the entire retail center is available under a separate listing.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Grocery Store At Bayfield, CO — 381 E Colorado Dr #3, Bayfield, CO 81122

    Location Insight

    • Map
    • Local Demand
    City
    Bayfield
    County
    La Plata
    State
    Colorado
    Longitude
    -107.574
    Latitude
    37.3933

    Nearby Similar for Sale

    • $775,000
      1,860 SF

      Vallecito Country Market For Sale

      Vallecito Country Market: business and real estate included.
      18071 CR 501, Bayfield, CO 81122
      View Details
    • $6,500,000
      18,000 SF

      Grocery Anchored Retail Center

      Dominant retail center with grocery store in Bayfield, Colorado.
      381 Colorado Drive, Bayfield, CO 81122
      View Details
    • $4,200,000
      1,152 SF

      Bayfield Mobile Home Park Investment

      Well-maintained 35-space mobile home park in Bayfield, Colorado.
      390 E Dakota Drive, Bayfield, CO 81122
      View Details
    • $1,200,000
      17,768 SF

      Historic Multi-Use Bayfield Property

      Historic Bayfield property with established tenants and redevelopment potential.
      658 S East Street, Bayfield, CO 81122
      View Details
    • $7,913,000

      Tractor Supply Company Investment Property

      NN leased Tractor Supply Company in Bayfield, Colorado for sale.
      385 Bayfield Center Drive, Bayfield, CO
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey grocery store business in Bayfield, Colorado for sale.
    Where is this grocery and convenience store located?
    The property is located at 381 Colorado Drive Drive Bayfield, CO.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Highly profitable, fully operational grocery store business (Bayfield Marketplace).; Only grocer in Bayfield, a growing La Plata County community.; Turnkey acquisition including all existing stock and modern appliances.
    (970) 888-0151
    We can help!
    Listing Contact
    Leigh Holmes
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!