Restaurant Space on Aspen
206 E Aspen, Fruita, CO 81521
For Sale
$779,000
Restaurant space with indoor/outdoor seating in high-traffic area.
Property Size2,400 SF
Lot Size0.07 Acres
Price / SF$324.58
Days on Market276
Property Features for 206 E Aspen
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
2 or more Heat Sources Heating
Central Air Cooling
Common Heating
Ductless Heating
Flat Roof
Forced Air Heating
Multi Units Cooling
Rubber Roof
Tar/Gravel Roof
Building Details
Year Built
Listing Agency:
HomeSmart
(303) 858-8100
Listed By:
BRIAN CHRINKA
(303) 478-0373
Source:
Corcoran
Added: Feb 7
Changed: Aug 8
Last Checked: Aug 8 at 1:36PM
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 HomeSmart
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on Aspen Avenue in Fruita, this property offers high visibility, foot traffic, and accessibility. The 2,400 square foot restaurant space includes indoor and outdoor seating, a full-sized commercial kitchen, a walk-in refrigerator and freezer, a coffee bar, a chef's kitchen, and a reception area. It also features two restrooms and a separate storage shed. This property may be suitable for an owner-user seeking long-term stability.
Key Highlights
- Prime location on Fruita's Aspen Ave. with high visibility and foot traffic.
- 2400 sq ft restaurant space with indoor/outdoor seating.
- Full‑sized commercial kitchen and walk‑in refrigerator/freezer.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,269
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,380
$705.4K
Cap Rate 7%
$503,843
$503.8K
Cap Rate 9%
$391,878
$391.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.0K $21.24/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$47.0K $19.59/SF
− OpEx
−$11.8K −$4.90/SF
NOI
$35.3K $14.70/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,380
Cap Rate 7%
$503,843
Cap Rate 9%
$391,878
Alternative Uses
Best Use
Specialty Retail
$503.8K
$440.9K – $587.8K
NOI $35,269 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81521, CO
16,446
Population
6,531
Households
2.5
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
181.6 sq mi
ZIP Area
91
Density / Sq Mi
$82,632
Median Household Income
$41,801
Median Earnings
$1,249
Median Rent
$385,300
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with indoor/outdoor seating in high-traffic area.
Where is this conventional restaurant located?
The property is located at 206 E Aspen Fruita, CO.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Prime location on Fruita's Aspen Ave. with high visibility and foot traffic.; 2400 sq ft restaurant space with indoor/outdoor seating.; Full‑sized commercial kitchen and walk‑in refrigerator/freezer.
