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

    210 Rapids Ln Grand Lake, CO 80447

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $1,690,000

    Destination dining with owner's/employee quarters near boardwalk and beach.

    Lot size:
    0.26 Acres

    Property Features for 210 Rapids Ln

    General Information

    Property type
    Commercial
    Standard status
    Contract
    Lot size
    0.26 Acres

    Building Details

    Year built
    1915

    We can help!

    Listing Contact
    Donna Ready
    Donna Ready
    Source: Elliman

    Listing Agency: Mountain Lake Properties Listing Agent: Donna Ready

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

    Learn more

    Overview

    Riverside Restaurant with Living Quarters

    This 7,000 square foot commercial property is located just off the boardwalk and beach in Grand Lake. The property includes land ownership to the middle of the stream. Currently operating as a restaurant and bar with year-round riverside dining, the 4,000 square foot restaurant, bar, banquet room, and lobby level seats approximately 100 guests inside and 45 outside. The middle level features 2,600 square feet with 6 rooms, each with a private bath, suitable for bed and breakfast accommodations. A 984 square foot, 2-bedroom, 2-bath owner's home or manager's quarters is located on the private third floor. The property is situated a few blocks from Colorado's largest natural lake, Grand Lake. An easement for parking, snow, and trash removal is in place. The location could be suitable for a spa or a wine and cheese establishment. The property includes owner's home and employee quarters.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Grand Lake
    County
    Grand
    State
    Colorado
    Longitude
    -105.882
    Latitude
    40.2938

    Nearby Similar for Sale

    • $898,000

      Grand Lake Restaurant/Retail Opportunity

      High-visibility restaurant or retail location near Rocky Mountain National Park.
      629 Grand Ave, Grand Lake, CO 80447
      View Details
    • $1,595,000
      7,500 SF

      Grand Lake Cabins For Sale

      Eight cabins near Rocky Mountain National Park and Grand Lake.
      416 Grand Ave, Grand Lake, CO 80447
      View Details
    • $898,000

      Grand Lake Restaurant/Retail Opportunity

      High-traffic location near Rocky Mountain National Park entrance.
      629 Grand Ave, Grand Lake, CO 80447
      View Details
    • $1,876,000
      7,781 SF

      Restaurant and Beer Garden on Boardwalk

      Restaurant, beer garden, and penthouse suites in prime location.
      1000 Grand Ave, Grand Lake, CO 80447
      View Details
    • $2,599,000
      7,600 SF

      Grand Lake Restaurant & Bar

      Riverside dining, owner's quarters included.
      210 Rapids Ln, Grand Lake, CO 80447
      View Details
    • $1,095,000
      9,200 SF

      Grand Lake Restaurant & Bar

      Established Lakeside Business, Huge Potential
      600 Marina Dr, Grand Lake, CO 80447
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Destination dining with owner's/employee quarters near boardwalk and beach.
    Where is this conventional restaurant located?
    The property is located at 210 Rapids Ln Grand Lake, CO.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: - Prime Riverside Location: Only commercial property on the stream in Grand Lake, with land ownership to the middle of the stream.; - Income-Generating Potential: Established restaurant/bar with year-round dining and potential for Bed & Breakfast conversion with 6 unique rooms, each with a private bath.; - Owner's/Employee Quarters Included: Features a spacious 2-bedroom/2-bath owner's home/manager's quarters.
    (970) 627-3103
    Request Owner's contact information
    210 Rapids Ln Grand Lake, CO 80447
    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.
    210 Rapids Ln
    Grand Lake, CO 80447
    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
    210 Rapids Ln Grand Lake, CO 80447
    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

    We can help!
    Listing Contact
    Donna Ready
    Donna Ready
    Real Estate License ID: 208501
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!