Remodeled Restaurant
For Sale
$525,000
60 El Jebel Road, Carbondale, CO 81623
Commercial Sale, Carbondale, CO
Property Size1,346 SF
Price / SF$390.04
Days on Market229
Property Features for 60 El Jebel Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Subdivision
El Jebel
Directions
heading down valley from aspen or basalt, turn right at El Jebel, first right into parking lot, Hominy is on your left.
Standard status
Active
APN
239134411003
Size
1,346 SF
Taxes and HOA fees
Tax Description
Subdivision: CRAWFORD PROPERTIES, LLC TYPE A MINOR SUB PARCEL A, PART OF
Legal Description
Subdivision: CRAWFORD PROPERTIES, LLC TYPE A MINOR SUB PARCEL A, PART OF
Building Details
Year built
1972
Floors in Building
1
Building materials
Frame
Listing Agency:
Setterfield & Bright
(970) 920-1833
Listed By:
Angi Wang, CNE
(970) 274-6117
Added: Feb 23
Changed: Oct 8
Last Checked: Oct 10 at 6:06AM
MLS# 191962
Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property includes approximately 1,346 square feet of space within a frame building constructed in 1972. The interior was remodeled at the end of 2022, providing a recently updated setting for restaurant operations.
The offering is for a lease acquisition only; the underlying real estate is not included. Approximately 2 years remain on the current lease, with a 5-year option to extend. The space is located at 60 El Jebel Road in Carbondale, Colorado, and carries commercial zoning.
The offering is for a lease acquisition only; the underlying real estate is not included. Approximately 2 years remain on the current lease, with a 5-year option to extend. The space is located at 60 El Jebel Road in Carbondale, Colorado, and carries commercial zoning.
Key Highlights
- Approximately 1,346 square feet of restaurant space
- Interior remodel completed at the end of 2022
- Lease acquisition only; real estate is not included
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.
Property Analytics
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Open 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
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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Similar Off Market Nearby
- Epicurious Fine Foods LLC — 400 E Valley Rd, Carbondale, CO 81623
Frequently Asked Questions
What type of property is this?
Restaurant - Commercially zoned restaurant space with a recent interior renovation and lease extension option.
Where is this 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: Approximately 1,346 square feet of restaurant space; Interior remodel completed at the end of 2022; Lease acquisition only; real estate is not included
