Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    180 W Jefferson Avenue Unit 0 Breckenridge, CO 80424

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,950,000

    Unique real estate opportunity: floating restaurant in historic downtown.

    Type:General Commercial
    Added:
    May 3, 2022
    Days on Market:
    1446
    Last Refresh:
    Apr 1 at 9:14 pm

    Property Features for 180 W Jefferson Avenue Unit 0

    General Information

    Standard status
    Active
    Property subtype
    General Commercial

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Keller Williams Top Of Rockies

    Listing agent Keller Williams Top Of Rockies

    Listing office

    Listing date May 3, 2022

    Source Xome

    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 Top Of Rockies

    Overview

    Historic Breckenridge Floating Restaurant Opportunity

    This is a rare opportunity to own a piece of history in the middle of Historic Downtown Breckenridge. The re-created Dredge boat is the highest floating restaurant in North America and features a reputable current tenant. The restaurant seats 250 with additional outdoor seating on multiple decks. It includes a stainless-steel kitchen, oversized coolers, ample storage, and extra space in the hull. The property also features a penthouse apartment on the 3rd level, offering 2 bedrooms with valley views. The sale is for the real estate only; the business is not for sale.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Breckenridge
    County
    Summit
    State
    Colorado
    Longitude
    -106.062
    Latitude
    39.4661

    Nearby Similar for Sale

    • $489,000

      Commercial Space on Airport Road

      End-unit commercial space with excellent exposure in Breckenridge, Colorado.
      1900 AIRPORT ROAD, Breckenridge, CO 80424
      View Details
    • $1,200

      Private Office in Breckenridge Heart

      Private office space in central Breckenridge with mountain views.
      130 SKI HILL ROAD, Breckenridge, CO 80424
      View Details
    • $2,300,000

      Established Boutique in Downtown Breckenridge

      Profitable designer boutique with real estate in prime location.
      224 S MAIN STREET, Breckenridge, CO 80424
      View Details
    • $2,100,000

      Iconic Retail Establishment For Sale

      Long-standing Breckenridge retail business with real estate included.
      100 N MAIN STREET, Breckenridge, CO 80424
      View Details
    • $20,700

      Prime Retail Space on Main

      Excellent retail opportunity in Breckenridge's best location.
      401 S MAIN STREET, Breckenridge, CO 80424
      View Details
    • $98,000

      Established Breckenridge Coffee House

      Turn-key coffee shop business opportunity in Breckenridge, Colorado.
      118 S Ridge Street #7, Breckenridge, CO 80424
      View Details
    • $480,000
      608 SF

      Breckenridge Condo with Mountain Views

      Conveniently located condo with south-facing views and building amenities.
      34 Highfield Trail 203, Breckenridge, CO 80424
      View Details
    • $489,000

      End-Unit Commercial Space For Sale

      Commercial space with excellent exposure and current lease in place.
      1900 Airport Road #C2, Breckenridge, CO 80424
      View Details
    • $2,100,000
      1,264 SF

      Iconic Breckenridge Retail Establishment

      Long-standing retail business for sale in Breckenridge, Colorado.
      100 N Main Street #110, Breckenridge, CO 80424
      View Details
    • $6,750,000
      9,533 SF

      Equestrian Estate in Breckenridge Oasis

      35+ acre equestrian estate near Breckenridge with mountain views.
      300 Gold Hill, Breckenridge, CO 80424
      View Details
    • $2,100,000

      Iconic Breckenridge Retail Establishment

      Long-standing retail business with real estate for sale.
      100 N Main Street #110, Breckenridge, CO 80424
      View Details
    • $305,000

      RV Lot in Tiger Run Resort

      Pull-thru RV site with amenities near Breckenridge.
      85 Revett (Lot 336), Breckenridge, CO 80424
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Unique real estate opportunity: floating restaurant in historic downtown.
    Where is this conventional restaurant located?
    The property is located at 180 W Jefferson Avenue Unit 0 Breckenridge, CO.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Rare opportunity to own a unique, re‑created Dredge boat in Historic Downtown Breckenridge.; Highest floating restaurant in North America with a reputable current tenant.; Restaurant seats 250 plus outdoor seating on multiple decks.
    (970) 368-7000
    We can help!
    Listing Contact
    Keller Williams Top Of Rockies
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!