Established Restaurant and
For Sale
$399,000
108 Main St, Collbran, CO 81624
Turnkey restaurant and bar with strong community support.
Property Size2,214 SF
Lot Size0.14 Acres
Price / SF$180.22
Days on Market178
Property Features for 108 Main St
General Information
Standard status
Active
Size
2,214 SF
Lot size
0.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,500
Building Details
Building Size
2,214 SF
Year Built
1929
Stories
1
Units
1
Listing Agency:
Real Colorado Properties
Listed By:
Julie Piland · License #FA100044654
(970) 985-0913
Source:
Elliman
Added: Mar 10
Changed: Sep 2
Last Checked: Sep 1 at 9:06PM
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 Real Colorado Properties
Investment Insights
Based on property information with market context.
This well-established restaurant and saloon is centrally located on Main Street in Collbran, Colorado. The 2,214 sq ft historic brick building is situated on Hwy 330/Main Street, offering high visibility and easy access to outdoor recreational activities. The interior features a welcoming, rustic atmosphere. The dining area provides flexible seating, while the adjoining saloon includes custom bar counters (added in 2019), tables, chairs, a pool table, jukebox, and large-screen TV. Generational ranch brands are displayed, honoring Plateau Valley’s ranching heritage. The turnkey Colorado restaurant and bar operation includes furniture, equipment, and inventory. New updates include a 4-burner stove, flattop grill, 2 ovens and deep fryer in 2021 and a stand-up freezer in 2023. Positioned at the base of Grand Mesa, this family-run business benefits from strong support from the local community and visitors, including hunters and tourists. This business offers a rich history, character, and income potential.
Key Highlights
- Turnkey restaurant and saloon business with all furniture, equipment, and inventory included.
- Established business with strong community and tourist support in a popular recreation area.
- Prime Main Street location on Hwy 330 with high visibility and easy access.
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
$32,536
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
8.15%
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%
$650,720
$650.7K
Cap Rate 7%
$464,800
$464.8K
Cap Rate 9%
$361,511
$361.5K
Market Conditions
NOI Build-Up for 2,214 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
$47.0K $21.24/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$43.4K $19.59/SF
− OpEx
−$10.8K −$4.90/SF
NOI
$32.5K $14.70/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$21.24 /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%
$650,720
Cap Rate 7%
$464,800
Cap Rate 9%
$361,511
Alternative Uses
Best Use
Specialty Retail
$464.8K
$406.7K – $542.3K
NOI $32,536 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.20M
$3.68M – $4.90M
NOI $294,108 @ 7.0% cap · market cap 73.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81624, CO
1,196
Population
803
Households
1.5
Avg Household Size
47
Median Age
21%
College-Educated
92%
High-School Grad
548.8 sq mi
ZIP Area
2
Density / Sq Mi
$89,900
Median Household Income
$31,382
Median Earnings
$1,563
Median Rent
$467,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey restaurant and bar with strong community support.
Where is this bar & pub located?
The property is located at 108 Main St Collbran, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Turnkey restaurant and saloon business with all furniture, equipment, and inventory included.; Established business with strong community and tourist support in a popular recreation area.; Prime Main Street location on Hwy 330 with high visibility and easy access.
