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    Downtown Delta Restaurant Opportunity Title is generated by Realmo AI

    440 Main Street, Delta, CO 81416

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    Claim this Listing
    For Lease
    $2,000/Mo $8 SF/Yr (calc)

    COMMERCIAL - Delta, CO

    Property size:
    3,000 SF
    Added:
    Oct 28, 2025
    Days on Market:
    221
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 440 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    3,000 SF

    Building Details

    Year built
    1906

    We can help!

    Listing Contact
    Lucinda Stanley

    Listing agent Lucinda Stanley

    Listing office GRAND MESA REAL ESTATE SERVICES 300 STAFFORD LANE STE 30214, DELTA, CO

    Listing date Oct 28, 2025

    MLS# 20255086

    Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location adjacent to the Egyptian Theater, ensuring high foot traffic.
    • Fully equipped and updated commercial kitchen with stainless steel hood and professional‑grade appliances.
    • Almost turnkey restaurant operation with included tables and chairs, ready for immediate occupancy.
    • Opportunity to lease or purchase the property.
    • Just under 3,000 square feet of well‑preserved space.
    • Large unfinished basement providing ample storage.

    Overview

    Located in downtown Delta, adjacent to the historic Egyptian Theater, this property presents an opportunity for a restaurateur. The space offers just under 3,000 square feet of space, blending original architectural character with modern improvements. The commercial kitchen is equipped with a stainless steel hood and fire suppression system, six-burner gas range, Turbo Air Deluxe refrigerator, dishwasher, and additional professional-grade equipment. Tables and chairs are included. A large unfinished basement provides storage. The location benefits from foot traffic generated by movies, concerts, and community events at the adjacent Egyptian Theater. The property owners are seeking a restaurateur whose business concept complements the theater, ideally providing a quality dining experience and hosting special gatherings before or after performances. The property is available for lease with a minimum 3-year term on a triple net lease with a base rent starting at $2,000.00 with annual increases. Triple net fees are estimated at $745.50 per month. The property is also available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dented Face BBQ Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Delta
    County
    Delta
    State
    Colorado
    Longitude
    -108.07042
    Latitude
    38.740928

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    FAQs

    What type of property is this?
    Conventional restaurant - Equipped restaurant space for lease or sale in downtown Delta.
    Where is this conventional restaurant located?
    The property is located at 440 Main Street Delta, CO.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Prime downtown location adjacent to the Egyptian Theater, ensuring high foot traffic.; Fully equipped and updated commercial kitchen with stainless steel hood and professional‑grade appliances.; Almost turnkey restaurant operation with included tables and chairs, ready for immediate occupancy.
    (970) 512-3000
    We can help!
    Listing Contact
    Lucinda Stanley
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    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.

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