Equipped Conventional
For Sale
$400,000
226 Oak, Eaton, CO 80615
Includes furniture, fixtures, and equipment for continued restaurant operations.
Property Size1,132 SF
Price / SF$353.36
Days on Market10
Property Features for 226 Oak
General Information
Standard status
Active
Size
1,132 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Asking Price
$400,000
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$6,965
Amenities
Central air
Central Air Cooling
Composition Roof
Forced Air Heating
Level
Building Details
Year Built
1919
Listing Agency:
WHEELER PROPERTIES, INC
(970) 352-5860
Listed By:
JESSICA FLOREZ · License #FA.100099707
Source:
Corcoran
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 22 at 8:05AM
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 = 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
$13,708
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
3.43%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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 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
