Remodeled Restaurant
New
For Sale
$525,000
60 El Jebel Road, Carbondale, CO 81623
The restaurant premises have commercial zoning and a lease with an extension option.
Property Size1,346 SF
Price / SF$390.04
Days on Market5
Property Features for 60 El Jebel Road
General Information
Standard status
Active
Size
1,346 SF
Property subtype
Commercial
Zoning
commercial
Building Details
Building Size
1,346 SF
Year Built
1972
Year Renovated
2022
Stories
1
Listing Agency:
Setterfield & Bright
(970) 920-1833
Listed By:
Angi Wang, CNE
(970) 274-6117
Source:
Frontierhomeandranch
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:13PM
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 Setterfield & Bright
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,346-square-foot restaurant space in El Jebel was remodeled in late 2022. The offering is for the lease only; the real estate is not included in the transaction. The building was constructed in 1972, and the premises carry commercial zoning.
Approximately two years remain on the lease, with a five-year extension option. The property is at 60 El Jebel Road in Carbondale, Colorado.
Approximately two years remain on the lease, with a five-year extension option. The property is at 60 El Jebel Road in Carbondale, Colorado.
Key Highlights
- 1,346 square feet of restaurant space
- Remodeled in late 2022
- Approximately 2 years remain on the lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,381
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,620
$387.6K
Cap Rate 7%
$276,871
$276.9K
Cap Rate 9%
$215,344
$215.3K
Market Conditions
NOI Build-Up for 1,346 SF
Gross rent
$27.0K $20.04/SF
− Vacancy
−$1.1K −$0.84/SF
EGI
$25.8K $19.20/SF
− OpEx
−$6.5K −$4.80/SF
NOI
$19.4K $14.40/SF
Area
Garfield County, CO
Vacancy
4.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,620
Cap Rate 7%
$276,871
Cap Rate 9%
$215,344
Alternative Uses
Best Use
Specialty Retail
$276.9K
$242.3K – $323.0K
NOI $19,381 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.5K
$308.4K – $411.3K
NOI $24,675 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 25%
Dining 23%
Leisure 11%
City Market
Groceries
24,214 visits/mo
0.3 miles
Wendy's
Dining
13,829 visits/mo
0.0 miles
Conoco
Shops & Services
6,814 visits/mo
0.5 miles
Bow Tie Cinemas Movieland 7
Leisure
6,420 visits/mo
0.2 miles
Shell
Shops & Services
6,346 visits/mo
0.1 miles
Demographics for 81623, CO
16,110
Population
7,280
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
88%
High-School Grad
433.8 sq mi
ZIP Area
37
Density / Sq Mi
$98,549
Median Household Income
$46,026
Median Earnings
$2,094
Median Rent
$835,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant premises have commercial zoning and a lease with an extension option.
Where is this conventional restaurant located?
The property is located at 60 El Jebel Road Carbondale, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,346 square feet of restaurant space; Remodeled in late 2022; Approximately 2 years remain on the lease
