1601 W Highway 34, Drake, CO 80515
22+ acres with river frontage, bar/restaurant, RV spaces.
- Added:
- May 22, 2025
- Days on Market:
- 398
- Last Refresh:
- Mar 16 at 1:16 pm
Property Features for 1601 W Highway 34
General Information
- Standard status
- Active
- Size
- 8,795 SF
- Lot size
- 22.00 Acres
- Property subtype
- Hospitality, Mixed Use, Special Purpose
Listing agent Sandy Colohan License #025105
Listing office Keller Williams Realty DTC Llc
Listing date May 22, 2025
Source Crexi
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 Keller Williams Realty DTC Llc
HighLights
- 22+ acres with river frontage
- Bar/Restaurant with full liquor license and outdoor seating
- 12 RV spaces on the River
- US Post Office land lease (expires 2031 w/extensions)
- Main floor 1 bedroom apartment and store front/office space
- Up/Down Duplex in the back
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.1k | $14.79 |
| − Vacancy | −$3.8k | −$0.43 |
| EGI | $126.3k | $14.36 |
| − OpEx | −$31.6k | −$3.59 |
| NOI | $94.7k | $10.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Drake
- County
- Larimer
- State
- Colorado
- Longitude
- -105.348759
- Latitude
- 40.427268