Turnkey Bar on Signalized
For Sale
Contact for pricing
121 W Midland Ave, Woodland Park, CO 80863
Turnkey bar with furniture, fixtures, and equipment included, located on a signalized corner in Woodland Park.
Property Size960 SF
Price / SF$468.75
Days on Market821
Property Features for 121 W Midland Ave
General Information
Standard status
Active
Size
960 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Listing Agency:
SRS Real Estate Partners | Denver
(303) 572-1800
Listed By:
Patrick McGlinchey · License #CO FA100069925
(210) 303-3149
Source:
Moodyscre
Added: Jun 17, 2024
Changed: Sep 2
Last Checked: Sep 15 at 11:43AM
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 SRS Real Estate Partners | Denver
Investment Insights
Based on property information with market context.
This turnkey bar is offered with all furniture, fixtures, and equipment included. The space totals 960 SF and is positioned for immediate operations.
The property is located on the signalized hard corner of W Midland Ave and S Center St, providing prominent access at a key intersection. It sits on the entryway to Woodland Park’s largest new development, Woodland Station, a 6.3-acre mixed-use project that includes a restaurant, culinary school, events center, and housing.
For buyers interested in a bar concept with existing operating components included, this location offers visibility and direct adjacency to a major incoming mixed-use project.
The property is located on the signalized hard corner of W Midland Ave and S Center St, providing prominent access at a key intersection. It sits on the entryway to Woodland Park’s largest new development, Woodland Station, a 6.3-acre mixed-use project that includes a restaurant, culinary school, events center, and housing.
For buyers interested in a bar concept with existing operating components included, this location offers visibility and direct adjacency to a major incoming mixed-use project.
Key Highlights
- 960 SF turnkey bar with all furniture, fixtures, and equipment included
- Located on a signalized hard corner of W Midland Ave and S Center St
- Positioned on the entryway to Woodland Station
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
$14,515
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
3.23%
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%
$290,300
$290.3K
Cap Rate 7%
$207,357
$207.4K
Cap Rate 9%
$161,278
$161.3K
Market Conditions
NOI Build-Up for 960 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
$20.2K $21.00/SF
− Vacancy
−$806 −$0.84/SF
EGI
$19.4K $20.16/SF
− OpEx
−$4.8K −$5.04/SF
NOI
$14.5K $15.12/SF
Area
Teller County, CO
Vacancy
4.00%
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%
$290,300
Cap Rate 7%
$207,357
Cap Rate 9%
$161,278
Alternative Uses
Best Use
Specialty Retail
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.4K
$214.7K – $286.3K
NOI $17,176 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
144k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 40%
Groceries 14%
Home Improvements & Furnishings 1%
City Market
Groceries
20,191 visits/mo
0.4 miles
Loaf 'N Jug
Shops & Services
17,656 visits/mo
0.2 miles
Wendy's
Dining
16,006 visits/mo
0.4 miles
Valero Energy
Shops & Services
11,561 visits/mo
0.3 miles
SONIC Drive In
Dining
10,692 visits/mo
0.4 miles
Demographics for 80863, CO
12,738
Population
5,734
Households
2.2
Avg Household Size
49
Median Age
42%
College-Educated
97%
High-School Grad
173.4 sq mi
ZIP Area
73
Density / Sq Mi
$100,011
Median Household Income
$49,333
Median Earnings
$1,960
Median Rent
$503,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
- Over Ice — 730 Country Dr, Woodland Park, CO 80863
- Belmont whisky house — 214 w midland ave, woodland park, co 80863
- BierWerks — 121 E Midland Ave, Woodland Park, CO 80863
- Soi 24 pool hall — 104 E Midland Ave, Woodland Park, CO 80863
- 110 Reserve — 110 W Midland Ave, Woodland Park, CO 80866
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar with furniture, fixtures, and equipment included, located on a signalized corner in Woodland Park.
Where is this bar & pub located?
The property is located at 121 W Midland Ave Woodland Park, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 960 SF turnkey bar with all furniture, fixtures, and equipment included; Located on a signalized hard corner of W Midland Ave and S Center St; Positioned on the entryway to Woodland Station
