Camilla's Kaffe
New
For Sale
$699,973
206 E ASPEN AVE, Fruita, CO 81521
Established restaurant property with a food-service layout in downtown Fruita on historical Aspen Ave.
Property Size2,420 SF
Price / SF$289.25
Days on Market2
Property Features for 206 E ASPEN AVE
General Information
Standard status
Active
Size
2,420 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
special purpose commercia
Taxes and HOA fees
Annual Taxes
$8,833
Building Details
Building Size
2,420 SF
Year Built
1925
Listing Agency:
144 Realty
(970) 201-1853
Listed By:
David Gross · License #FA40043917
(970) 201-1853
Source:
Coloradopartners
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 10:28AM
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 144 Realty
Investment Insights
Based on property information with market context.
Camilla's Kaffe is a conventional restaurant property occupying 2,420 square feet in a building constructed in 1925. The existing setup supports restaurant operations and is associated with the established Camilla's Kaffe business.
The property is located at 206 E Aspen Ave in downtown Fruita, Colorado, along historical Aspen Ave. Zoning is identified as special purpose commercia.
The property is located at 206 E Aspen Ave in downtown Fruita, Colorado, along historical Aspen Ave. Zoning is identified as special purpose commercia.
Key Highlights
- 2,420‑square‑foot restaurant property
- Building constructed in 1925
- Located at 206 E ASPEN AVE, Fruita, CO 81521
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
$35,563
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
5.08%
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%
$711,260
$711.3K
Cap Rate 7%
$508,043
$508.0K
Cap Rate 9%
$395,144
$395.1K
Market Conditions
NOI Build-Up for 2,420 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
$51.4K $21.24/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$47.4K $19.59/SF
− OpEx
−$11.9K −$4.90/SF
NOI
$35.6K $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 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%
$711,260
Cap Rate 7%
$508,043
Cap Rate 9%
$395,144
Alternative Uses
Best Use
Specialty Retail
$508.0K
$444.5K – $592.7K
NOI $35,563 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.59M
$4.02M – $5.36M
NOI $321,473 @ 7.0% cap · market cap 45.93%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant property with a food-service layout in downtown Fruita on historical Aspen Ave.
Where is this conventional restaurant located?
The property is located at 206 E ASPEN AVE Fruita, CO.
What is the asking price?
The asking price for this property is $699,973.
What are key features of this property?
This property features: 2,420‑square‑foot restaurant property; Building constructed in 1925; Located at 206 E ASPEN AVE, Fruita, CO 81521
