Restaurant and Bar Business
For Sale
Contact for pricing
127-129 E 3rd St, Rifle, CO 81650
Restaurant and bar business with real estate for sale.
Property Size4,712 SF
Price / SF$254.67
Days on Market147
Property Features for 127-129 E 3rd St
General Information
Standard status
Active
Size
4,712 SF
Property subtype
RETAIL
Listing Agency:
Antonoff & Co. Brokerage Inc.
(303) 623-0200
Listed By:
Charles Nusbaum · License ##EA040028301
(303) 668-9892
Source:
Moodyscre
Added: May 21
Changed: Sep 13
Last Checked: Oct 12 at 9:05PM
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 is a restaurant and bar business opportunity with the building for sale. The combined capacity is 150 people. The sale includes all furniture, fixtures, and equipment, with the exception of some leased equipment. Seller financing is available. The bar is open two nights per week and generates $50,000 in monthly sales. The annual restaurant sales are $750,000. The property offers easy access to I-70 and Highway 6. The building size is 4,712 square feet.
Key Highlights
- Established Restaurant/Bar Business with $750,000 Annual Sales
- Includes Building and Business
- 150 Person Combined Capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,847
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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?
Bar & Pub - Restaurant and bar business with real estate for sale.
Where is this bar & pub located?
The property is located at 127-129 E 3rd St 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: Established Restaurant/Bar Business with $750,000 Annual Sales; Includes Building and Business; 150 Person Combined Capacity
