Equipped Conventional
For Sale
$400,000
226 Oak Ave, Eaton, CO 80615
Includes furniture, fixtures, and equipment for continued restaurant operations.
Property Size1,132 SF
Price / SF$353.36
Days on Market54
Property Features for 226 Oak Ave
General Information
Standard status
Active
Size
1,132 SF
Additional Details
Furnished
Yes
Asking Price
$400,000
Equipment Included
Yes
Building Details
Year Built
1919
Listing Agency:
Wheeler Properties, Inc
Listed By:
Jessica Florez · License #FA.100099707
(970) 352-5860
Source:
Thestrohmangroup
Added: Aug 15
Changed: Sep 11
Last Checked: Oct 5 at 10:45PM
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 Wheeler Properties, Inc
Investment Insights
Based on property information with market context.
This conventional restaurant property comprises 1,132 SF and includes furniture, fixtures, and equipment associated with the operation. The improvements date to 1919, providing an established building framework for the restaurant use.
Located at 226 Oak in Eaton, Colorado, the property is offered in its existing as-is, where-is condition. The included equipment and furnishings are part of the offering, providing a defined physical setup for a restaurant occupant or owner-user.
Located at 226 Oak in Eaton, Colorado, the property is offered in its existing as-is, where-is condition. The included equipment and furnishings are part of the offering, providing a defined physical setup for a restaurant occupant or owner-user.
Key Highlights
- 1,132 SF conventional restaurant property
- Furniture, fixtures, and equipment included
- Improvements date to 1919
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,708
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,160
$274.2K
Cap Rate 7%
$195,829
$195.8K
Cap Rate 9%
$152,311
$152.3K
Market Conditions
NOI Build-Up for 1,132 SF
Gross rent
$20.4K $18.00/SF
− Vacancy
−$2.1K −$1.85/SF
EGI
$18.3K $16.15/SF
− OpEx
−$4.6K −$4.04/SF
NOI
$13.7K $12.11/SF
Area
Weld County, CO
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,160
Cap Rate 7%
$195,829
Cap Rate 9%
$152,311
Alternative Uses
Best Use
Specialty Retail
$195.8K
$171.4K – $228.5K
NOI $13,708 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$206.3K
$180.5K – $240.7K
NOI $14,441 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 17%
Home Improvements & Furnishings 14%
McDonald's
Dining
18,952 visits/mo
0.3 miles
A&W Restaurant
Dining
7,883 visits/mo
0.4 miles
Poulsen Ace Hardware
Home Improvements & Furnishings
7,505 visits/mo
0.4 miles
Exxon
Shops & Services
4,313 visits/mo
0.1 miles
Casa Maria
Dining
4,070 visits/mo
0.5 miles
Demographics for 80615, CO
9,486
Population
3,684
Households
2.6
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
105.9 sq mi
ZIP Area
90
Density / Sq Mi
$106,948
Median Household Income
$54,897
Median Earnings
$1,661
Median Rent
$489,400
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes furniture, fixtures, and equipment for continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 226 Oak Ave Eaton, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,132 SF conventional restaurant property; Furniture, fixtures, and equipment included; Improvements date to 1919
