Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Breckenridge Floating Restaurant Opportunity Title is generated by Realmo AI

    180 W Jefferson Avenue Unit 0, Breckenridge, CO 80424

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

    Unique real estate opportunity: floating restaurant in historic downtown.

    Type:General Commercial
    Added:
    May 3, 2022
    Days on Market:
    1491
    Last Refresh:
    May 13 at 8:38 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

    HighLights

    • 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.
    • Includes a penthouse apartment on the 3rd level with 2 bedrooms and valley views.
    • Features a stainless‑steel kitchen, oversized coolers, and tons of storage.
    • Located in the middle of Historic Downtown Breckenridge.

    Overview

    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

    • $1,995,000
      2,901 SF

      Mountain Modern Breckenridge Home

      Contemporary mountain home with views, hot tub, and convenient location.
      260 N Fuller Placer Road, BRECKENRIDGE, CO 80424
      View Details
    • $2,300,000

      Established Boutique in Downtown Breckenridge

      Turn-key designer boutique with real estate and strong growth.
      224 S Main Street, BRECKENRIDGE, CO 80424
      View Details
    • $1,000,000
      1,473 SF

      Breckenridge Duplex in Farmers Grove

      Duplex in sought-after Farmers Grove neighborhood with mountain lifestyle.
      87 Audrey Circle, BRECKENRIDGE, CO 80424
      View Details
    • $2,495,000
      2,822 SF

      Breckenridge Duplex in Highlands Neighborhood

      Three-bedroom duplex in Breckenridge's Highlands neighborhood with mountain views.
      713 Fairways Drive, BRECKENRIDGE, CO 80424
      View Details
    • $3,300,000
      2,878 SF

      Riverfront Luxury Mountain Home

      Luxury riverfront home near downtown Breckenridge with ski slope views.
      341 River Park Drive, BRECKENRIDGE, CO 80424
      View Details
    • $489,000

      Commercial Space on Airport Road

      End-unit commercial space with excellent exposure and dual entrances.
      1900 Airport Road, BRECKENRIDGE, CO 80424
      View Details
    • $2,100,000

      Iconic Breckenridge Retail Establishment

      Long-standing Breckenridge retail business with real estate for sale.
      100 N Main Street, BRECKENRIDGE, CO 80424
      View Details
    • $1,500,000
      1,813 SF

      Breckenridge Duplex with Mountain Views

      Duplex in Breckenridge Historic District, close to Main Street.
      105 S High Street, BRECKENRIDGE, CO 80424
      View Details
    • $2,050,000
      3,440 SF

      Mountain Cabin Retreat with Views

      Spacious mountain cabin retreat with views of the Tenmile Range.
      92 Emmett Lode Road, Breckenridge, CO 80424
      View Details
    • $2,430,000
      2,600 SF

      Exquisite Breckenridge Home Near Blue River

      Stunning duplex near downtown Breckenridge, ski resorts, and golf.
      308 Shores Lane, BRECKENRIDGE, CO 80424
      View Details
    • $4,299,000
      2,399 SF

      Breckenridge Duplex Near Gondola

      Like-new duplex with ski access and mountain views.
      21 UNION Trail, BRECKENRIDGE, CO 80424
      View Details
    • $2,395,000
      1,314 SF

      New Construction Breckenridge Home

      Luxurious mountain residence near gondola with panoramic views.
      203 N Ridge Street, 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

    Thank You for Inquiry
    180 W Jefferson Avenue Unit 0, Breckenridge, CO 80424
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!