Turn Key Restaurant
For Sale
$455,000
101 Main St, Wiggins, CO 80654
Restaurant for sale in Wiggins, Colorado with equipment included.
Property Size1,644 SF
Price / SF$276.76
Days on Market244
Property Features for 101 Main St
General Information
Standard status
Active
Size
1,644 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$2,909
Amenities
Central Air
3
Commercial
City
Level
11100
Asphalt, City Road, Level.
Building Details
Year Built
1984
Listing Agency:
RE/MAX Comm. Alliance-Greeley
(970) 330-5000
Listed By:
Gary Hogan · License #FA100068550
(970) 978-6864
Source:
Xome
Added: Jan 9
Changed: Sep 1
Last Checked: Sep 9 at 6:36AM
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 RE/MAX Comm. Alliance-Greeley
Investment Insights
Based on property information with market context.
A turn-key restaurant is available for immediate purchase in Wiggins, Colorado. The long-time restaurant is being offered for sale due to the owner's retirement. Items included in the sale are: 1 Permacool Cooler, 1 True cooler, 1 Keyinetor chest freezer, 1 Manitowoc ice machine, 1 Royal fryer, 1 US Range 6 Burner stove, 1 steamer, 1 US Range grill, 1 Sharpe microwave, 1 salad bar, 1 American Range charcoal grill, and 1 stainless steel kitchen hood with Fire Suppression. Items that are leased as part of the transaction: 1 Modine Stainless steel dishwasher, 1 coffee Machine, and a Pepsico soda machine dispenser. The bike score is 31, indicating it is somewhat bikeable, and the walk score is 25, indicating car-dependent.
Key Highlights
- Turn‑key restaurant opportunity in Wiggins, Colorado.
- Long‑established business with a history as a Fajitas restaurant.
- Immediate purchase availability.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,514
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,280
$510.3K
Cap Rate 7%
$364,486
$364.5K
Cap Rate 9%
$283,489
$283.5K
Market Conditions
NOI Build-Up for 1,644 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.5K $21.60/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$34.0K $20.69/SF
− OpEx
−$8.5K −$5.17/SF
NOI
$25.5K $15.52/SF
Area
Morgan County, CO
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,280
Cap Rate 7%
$364,486
Cap Rate 9%
$283,489
Alternative Uses
Best Use
Specialty Retail
$364.5K
$318.9K – $425.2K
NOI $25,514 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.4K
$421.2K – $561.6K
NOI $33,695 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80654, CO
3,230
Population
1,165
Households
2.8
Avg Household Size
35
Median Age
20%
College-Educated
89%
High-School Grad
234.9 sq mi
ZIP Area
14
Density / Sq Mi
$99,830
Median Household Income
$51,518
Median Earnings
$1,096
Median Rent
$396,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant for sale in Wiggins, Colorado with equipment included.
Where is this conventional restaurant located?
The property is located at 101 Main St Wiggins, CO.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Turn‑key restaurant opportunity in Wiggins, Colorado.; Long‑established business with a history as a Fajitas restaurant.; Immediate purchase availability.
