Equipped Restaurant Building in
For Sale
$2,150,000
9604 Ralston Road, Arvada, CO 80004
Turnkey restaurant with transferable license, high-end build-out, and patio.
Property Size4,932 SF
Days on Market162
Property Features for 9604 Ralston Road
General Information
Standard status
Active
Size
4,932 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$34,186
Building Details
Building Size
4,932 SF
Year Built
1972
Listing Agency:
Brokers Guild Real Estate
(720) 231-8887
Listed By:
Elaine Chen · License #100041036
Source:
Corken
Added: Mar 16
Changed: Aug 23
Last Checked: Aug 23 at 5:49AM
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 Brokers Guild Real Estate
Investment Insights
Based on property information with market context.
This is a fully equipped restaurant building located in Arvada. The turnkey restaurant offering includes all FF&E and a transferable Liquid License. The space features a complete, high-end build-out completed in 2024, and is currently configured as a successful Hot Pot concept. The current Hot Pot setup can remain, or the space can be easily converted to a different dining concept. The property includes an outdoor patio and is in close proximity to public transportation. It is situated on a high-visibility corner lot with excellent signage exposure and abundant on-site parking. The property is zoned MX-U (Mixed Use Urban District) and should be able to add a Drive-Thru (subject to City of Arvada verification). This zoning opens the door to a wide variety of alternative uses, including Daycare, Medical/General Office, School, Hotel/Motel, Brewery, or a Continuing Care Facility. The bike score is 28, indicating it is somewhat bikeable. The walk score is 23, indicating car-dependent. The transit score is 22, indicating minimal transit.
Key Highlights
- Turnkey restaurant opportunity with all FF&E included for immediate operation.
- Transferable Liquid License allows for immediate alcohol sales.
- High‑end build‑out completed in 2024**, currently configured as a successful Hot Pot concept.
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
$78,012
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
3.63%
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%
$1,560,240
$1.6M
Cap Rate 7%
$1,114,457
$1.1M
Cap Rate 9%
$866,800
$866.8K
Market Conditions
NOI Build-Up for 4,932 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
$112.4K $22.80/SF
− Vacancy
−$8.4K −$1.71/SF
EGI
$104.0K $21.09/SF
− OpEx
−$26.0K −$5.27/SF
NOI
$78.0K $15.82/SF
Area
Arvada, CO
Vacancy
7.50%
Lease Rate
$22.80 /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%
$1,560,240
Cap Rate 7%
$1,114,457
Cap Rate 9%
$866,800
Alternative Uses
Best Use
Specialty Retail
$1.11M
$975.2K – $1.30M
NOI $78,012 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,327 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80004, CO
36,076
Population
15,447
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
5,081
Density / Sq Mi
$99,576
Median Household Income
$57,604
Median Earnings
$1,771
Median Rent
$590,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with transferable license, high-end build-out, and patio.
Where is this conventional restaurant located?
The property is located at 9604 Ralston Road Arvada, CO.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity with all FF&E included for immediate operation.; Transferable Liquid License allows for immediate alcohol sales.; High‑end build‑out completed in 2024**, currently configured as a successful Hot Pot concept.
