Established Restaurant and Bar For
For Sale
$1,200,000
127 - 129 East 3rd Street, Rifle, CO 81650
Restaurant and bar with seller financing and highway access.
Property Size4,712 SF
Price / SF$254.67
Days on Market90
Property Features for 127 - 129 East 3rd Street
General Information
Standard status
Active
Size
4,712 SF
Property subtype
Street Retail
Building Details
Building Size
4,712 SF
Year Built
1898
Listing Agency:
Antonoff & Co. Brokerage, Inc.
(303) 623-0200
Listed By:
Charles Nusbaum · License ##EA040028301
(303) 623-0200
Source:
Thebrokerlist
Added: May 27
Changed: Aug 23
Last Checked: Aug 24 at 3:11AM
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 Antonoff & Co. Brokerage, Inc.
Investment Insights
Based on property information with market context.
This commercial property, suitable for bars, pubs, conventional restaurants, and general commercial real estate use, features a combined capacity for 150 people. The sale includes all furniture, fixtures, and equipment (FFE), with the exception of some leased equipment. Seller financing options are available. The bar is currently open two nights per week, generating $50,000 in monthly sales. The restaurant achieves annual sales of $750,000. The property offers convenient access to I-70 and Highway 6. The property size is 4,712 square feet.
Key Highlights
- High combined capacity for 150 people
- Existing revenue: $50,000 monthly bar sales and $750,000 annual restaurant sales
- All Furniture, Fixtures, and Equipment (FFE) included
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
$67,847
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
5.65%
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%
$1,356,940
$1.4M
Cap Rate 7%
$969,243
$969.2K
Cap Rate 9%
$753,856
$753.9K
Market Conditions
NOI Build-Up for 4,712 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
$94.4K $20.04/SF
− Vacancy
−$4.0K −$0.84/SF
EGI
$90.5K $19.20/SF
− OpEx
−$22.6K −$4.80/SF
NOI
$67.8K $14.40/SF
Area
Garfield County, CO
Vacancy
4.20%
Lease Rate
$20.04 /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%
$1,356,940
Cap Rate 7%
$969,243
Cap Rate 9%
$753,856
Alternative Uses
Best Use
Specialty Retail
$969.2K
$848.1K – $1.13M
NOI $67,847 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,381 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 81650, CO
14,336
Population
5,088
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
1,022.7 sq mi
ZIP Area
14
Density / Sq Mi
$81,506
Median Household Income
$41,982
Median Earnings
$1,236
Median Rent
$397,100
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 - Restaurant and bar with seller financing and highway access.
Where is this bar & pub located?
The property is located at 127 - 129 East 3rd Street Rifle, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High combined capacity for 150 people; Existing revenue: $50,000 monthly bar sales and $750,000 annual restaurant sales; All Furniture, Fixtures, and Equipment (FFE) included
