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

    100 4th Avenue Fort Garland, CO 81133

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

    Restaurant and developable land for sale in Fort Garland, CO.

    Type:Commercial/Industrial
    Property size:
    6,324 SF
    Lot size:
    0.96 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    23
    Last Refresh:
    Mar 27 at 1:09 am

    Property Features for 100 4th Avenue

    General Information

    Standard status
    Active
    Size
    6,324 SF
    Lot size
    0.96 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Sarah Jardis
    Sarah Jardis

    Listing agent Sarah Jardis License #100073423

    Listing office Code of the West Real Estate

    Listing date Mar 11, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Code of the West Real Estate

    Overview

    Restaurant and Commercial Land Opportunity

    This commercial property in Fort Garland, Colorado, presents a restaurant and development opportunity. The 41,800 square foot (0.96 acre) lot features 220 feet of frontage on US Highway 160, benefiting from high visibility and easy access. The location sees 1.8 million in annual traffic and offers views of Blanca Peak. The property includes ample parking suitable for RVs and other large vehicles. Formerly the Silver Sage Steakhouse, the existing 6,324 square foot structure contains multiple dining areas, a fireplace, a wood stove, and a stage. It also features a full commercial kitchen with a hood, a walk-in cooler, and storage space. A large covered deck provides space for outdoor seating. The property is suited for various potential revenue streams, including a drive-thru, coffee or ice cream shop, food court, retail space, car wash, fuel or charging stations, RV parking, and overnight accommodations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Storage Facility Tattoo & Piercing Shop Restaurant Pharmacy Food Market Grocery & Convenience Store Electronics & Wireless Store Grocery & Convenience Store Cafe & Coffee Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Garland
    County
    Costilla
    State
    Colorado
    Longitude
    -105.319
    Latitude
    37.4744

    Nearby Similar for Sale

    • $44,900

      Forbes Park Land with Mountain Views

      6.52 acres of level lots with mountain views.
      1812-15 Forbes Park Rd., Fort Garland, CO 81133
      View Details
    • $35,000

      Mountain Land with Meadow Views

      5.19 acres of mountain property with year-round access.
      1915 Kiers Ln, Fort Garland, CO 81133
      View Details
    • $14,500

      Mountain View Land in Forbes Park

      1.32-acre corner lot with mountain views in Forbes Park.
      1185 Bechtel Place, Fort Garland, CO 81133
      View Details
    • $33,333

      Fort Garland Mountain Property

      2.6 acre build-ready lot in Forbes Park.
      Forbes Pk lot: 542, Fort Garland, CO 81133
      View Details
    • $30,000

      Mountain Land with Water Well

      2.24-acre lot in Forbes Park with water well.
      1654 Cary Lane, Fort Garland, CO 81133
      View Details
    • $30,000

      Mountain Land with Water Well

      Two-acre mountain lot with water well near National Forest.
      1654 Cary Ln, Fort Garland, CO 81133
      View Details
    • $56,000

      Mountain Property with Stunning Views

      31.08-acre mountain property ideal for recreation and future building.
      Forbes Rd, Fort Garland, CO 81133
      View Details
    • $11,500

      Land in Forbes Park

      Residential land in gated community, ideal for cabin or camping.
      323 Wagon Mesa Loop, Fort Garland, CO 81133
      View Details
    • $15,000

      Land in Forbes Park

      2+ acre lot in gated community near Fort Garland, CO.
      Forbes Pk lot: 1039, Fort Garland, CO 81133
      View Details
    • $12,000

      Forbes Park Land Parcel

      2.15-acre parcel in Forbes Park, perfect for recreation.
      Laker Ln lot: 1131, Fort Garland, CO 81133
      View Details
    • $12,000

      Land in Gated Forbes Park

      1.86-acre parcel in Forbes Park community with mountain views.
      1070 Reed Ln, Fort Garland, CO 81133
      View Details
    • $12,000

      Mountain Land in Forbes Park

      1.41-acre mountain parcel in gated community, San Luis Valley.
      1069 Reed Lane, Fort Garland, CO 81133
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant and developable land for sale in Fort Garland, CO.
    Where is this restaurant located?
    The property is located at 100 4th Avenue Fort Garland, CO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime Commercial Location: High‑visibility on US Highway 160 with 220ft of frontage and 1.8 million annual traffic count.; Restaurant Opportunity: Formerly a popular steakhouse, includes multiple dining areas, bar, stage, full commercial kitchen with hood, walk‑in cooler, and all FF&E.; Development Potential: Large 41,800sf\/.96ac lot with ample parking suitable for RVs and potential for various revenue streams.
    (719) 742-3626
    We can help!
    Listing Contact
    Sarah Jardis
    Sarah Jardis
    Real Estate License ID: 100073423
    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!