Finished Tasting Room
For Sale
Contact for pricing
10860 Dover St, Westminster, CO 80021
Finished 1,200 SF tasting room/bar is ready for food and beverage operations with existing buildout.
Property Size1,200 SF
Price / SF$361
Days on Market340
Property Features for 10860 Dover St
General Information
Standard status
Active
Size
1,200 SF
Property subtype
RETAIL
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
W. Scott Reichenberg · License #EA.040003804
(303) 589-5261
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Sep 2
Last Checked: Sep 16 at 9:10PM
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 The Colorado Group, Inc.
Investment Insights
Based on property information with market context.
This finished tasting room/bar offers approximately 1,200 SF of ready-to-operate food and beverage space, with the interior buildout already completed. The layout is set up as an F&B core for use as a smaller experiential concept.
The property is located at 10860 Dover St in Westminster, Colorado and is offered for sale.
If you’re looking for a turnkey F&B space with the core improvements already in place, this finished tasting room/bar configuration is designed to support immediate operation.
The property is located at 10860 Dover St in Westminster, Colorado and is offered for sale.
If you’re looking for a turnkey F&B space with the core improvements already in place, this finished tasting room/bar configuration is designed to support immediate operation.
Key Highlights
- Finished 1,200 SF tasting room/bar ready for food and beverage operations
- Existing buildout already in place for a ready‑to‑operate F&B concept
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
$17,615
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
4.07%
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%
$352,300
$352.3K
Cap Rate 7%
$251,643
$251.6K
Cap Rate 9%
$195,722
$195.7K
Market Conditions
NOI Build-Up for 1,200 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
$25.2K $21.00/SF
− Vacancy
−$1.7K −$1.43/SF
EGI
$23.5K $19.57/SF
− OpEx
−$5.9K −$4.89/SF
NOI
$17.6K $14.68/SF
Area
Westminster, CO
Vacancy
6.80%
Lease Rate
$21.00 /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%
$352,300
Cap Rate 7%
$251,643
Cap Rate 9%
$195,722
Alternative Uses
Best Use
Specialty Retail
$251.6K
$220.2K – $293.6K
NOI $17,615 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.7K
$306.9K – $409.2K
NOI $24,552 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80021, CO
36,176
Population
17,353
Households
2.1
Avg Household Size
36
Median Age
53%
College-Educated
98%
High-School Grad
16.5 sq mi
ZIP Area
2,192
Density / Sq Mi
$105,645
Median Household Income
$59,947
Median Earnings
$2,054
Median Rent
$530,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Starbucks — 10445 Reed St, Westminster, CO 80021
- Turnbuckle Distilling — 7655 W 108th Ave, Broomfield, CO 80021
- Mad Rabbit Distillery - Pub — 10860 N Dover St #2000, Westminster, CO 80021
Frequently Asked Questions
What type of property is this?
Bar & Pub - Finished 1,200 SF tasting room/bar is ready for food and beverage operations with existing buildout.
Where is this bar & pub located?
The property is located at 10860 Dover St Westminster, CO.
What is the asking price?
The asking price for this property is $433,200.
What are key features of this property?
This property features: Finished 1,200 SF tasting room/bar ready for food and beverage operations; Existing buildout already in place for a ready‑to‑operate F&B concept
