Breakfast & Diner Space with
For Sale
Contact for pricing
9181 COMMERCE CENTER CIR # F5 HIGHLANDS RANCH CO 80129-1560, Highlands Ranch, CO 80126
Two connected condo units combine a themed diner and saloon with installed furnishings and entertainment features.
Property Size1,360 SF
Price / SF$513.97
Days on Market19
Property Features for 9181 COMMERCE CENTER CIR # F5 HIGHLANDS RANCH CO 80129-1560
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Industrial, Special Purpose
Additional Details
Business Included
Yes
Building Details
Units
2
Listing Agency:
Pinnacle Real Estate Advisors
(303) 407-9784
Listed By:
Corey Sandberg · License #CO FA100074750
Source:
Crexi
Added: Aug 12
Changed: Aug 30
Last Checked: Aug 30 at 1:22AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This commercial property combines two side-by-side warehouse condominium units in a distinctive hospitality-oriented setting. The interior includes a fully built-out 1950s-themed diner and a separate 1800s-inspired saloon, with period décor and fixtures throughout. A pool table and professional karaoke equipment are also part of the setup, creating defined entertainment areas within the space.
The property is located at 9181 Commerce Center Cir. #F5 in Highlands Ranch, Colorado. The offering includes the existing furnishings, decorative elements, and installed features; cars shown as part of the décor are excluded. The two-unit configuration provides a specialized environment for a breakfast and diner concept with an adjoining saloon component.
The property is located at 9181 Commerce Center Cir. #F5 in Highlands Ranch, Colorado. The offering includes the existing furnishings, decorative elements, and installed features; cars shown as part of the décor are excluded. The two-unit configuration provides a specialized environment for a breakfast and diner concept with an adjoining saloon component.
Key Highlights
- Two side‑by‑side warehouse condominium units
- Fully built‑out 1950s‑themed diner
- Separate 1800s‑inspired saloon interior
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
$25,814
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
3.69%
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%
$516,280
$516.3K
Cap Rate 7%
$368,771
$368.8K
Cap Rate 9%
$286,822
$286.8K
Market Conditions
NOI Build-Up for 1,360 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
$35.7K $26.28/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$34.4K $25.31/SF
− OpEx
−$8.6K −$6.33/SF
NOI
$25.8K $18.98/SF
Area
Highlands Ranch, CO
Vacancy
3.70%
Lease Rate
$26.28 /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%
$516,280
Cap Rate 7%
$368,771
Cap Rate 9%
$286,822
Alternative Uses
Best Use
Specialty Retail
$368.8K
$322.7K – $430.2K
NOI $25,814 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Murdoch's Ranch & Home Supply
Home Improvements & Furnishings
29,517 visits/mo
0.2 miles
Demographics for 80126, CO
44,221
Population
16,304
Households
2.7
Avg Household Size
40
Median Age
69%
College-Educated
99%
High-School Grad
10.8 sq mi
ZIP Area
4,095
Density / Sq Mi
$166,501
Median Household Income
$71,711
Median Earnings
$2,379
Median Rent
$713,500
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?
Breakfast & diner - Two connected condo units combine a themed diner and saloon with installed furnishings and entertainment features.
Where is this breakfast & diner located?
The property is located at 9181 COMMERCE CENTER CIR # F5 HIGHLANDS RANCH CO 80129-1560 Highlands Ranch, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two side‑by‑side warehouse condominium units; Fully built‑out 1950s‑themed diner; Separate 1800s‑inspired saloon interior
