Remodeled Free-Standing Restaurant
For Sale
Contact for pricing
9701 West 44th Avenue, Wheat Ridge, CO 80033
Completely remodeled restaurant property with a built-in commercial kitchen, bar setup, and included FF&E package for turnkey operation.
Property Size3,708 SF
Price / SF$620.28
Days on Market57
Property Features for 9701 West 44th Avenue
General Information
Standard status
Active
Size
3,708 SF
Property subtype
Retail
Building Details
Year Built
1925
Listing Agency:
Real Broker LLC
(303) 968-7047
Listed By:
Lance Somerville · License #CO FA100048193
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 2 at 8:38AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This offering is for the fee simple interest in a completely remodeled, free-standing commercial restaurant building that was fully remodeled and expanded in 2024/2025. The property includes the complete FF&E package at no added cost to the buyer, including a commercial kitchen, bar infrastructure, draft lines, patio furniture, and monument signage. The existing building is currently operating as T-Birds, and the business itself is not part of this transaction; what transfers with the real estate is the equipment and improvements supporting restaurant operations.
The property sits at a signalized corner at West 44th Avenue and Independence Street in Wheat Ridge, Colorado. Beyond the primary building, the site includes a back alley area with an existing two-stall garage, which creates a natural platform for a private events concept without modifying the main building footprint.
For operators, this configuration supports an immediate focus on full-service restaurant use, with the option to add programmed events through the rear alley area. The included commercial kitchen and bar systems, along with patio furnishings, provide a practical foundation for a tenant or buyer looking for an operationally ready restaurant environment while leveraging an additional outdoor/private events setup in the back.
The property sits at a signalized corner at West 44th Avenue and Independence Street in Wheat Ridge, Colorado. Beyond the primary building, the site includes a back alley area with an existing two-stall garage, which creates a natural platform for a private events concept without modifying the main building footprint.
For operators, this configuration supports an immediate focus on full-service restaurant use, with the option to add programmed events through the rear alley area. The included commercial kitchen and bar systems, along with patio furnishings, provide a practical foundation for a tenant or buyer looking for an operationally ready restaurant environment while leveraging an additional outdoor/private events setup in the back.
Key Highlights
- Completely remodeled, free‑standing commercial restaurant building built in 1925 at the signalized corner of W 44th Ave and Independence St in Wheat Ridge
- Fully remodeled and expanded in 2024/2025
- Operating as T‑Birds and generating approximately $850,000+ in gross annual revenue; business not included in the transaction
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.1k | $27.00 |
| − Vacancy | −$4.4k | −$1.19 |
| EGI | $95.7k | $25.81 |
| − OpEx | −$23.9k | −$6.45 |
| NOI | $71.8k | $19.36 |
3,708 SF · lease $27.00/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.03M
$897.3K – $1.20M
NOI $71,783 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.25M
$7.22M – $9.63M
NOI $577,615 @ 7.0% cap · market cap 25.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 33%
Hotels & Casinos 7%
Phillips 66
Shops & Services
10,739 visits/mo
0.4 miles
Shell
Shops & Services
8,221 visits/mo
0.1 miles
Winchell's Donut House
Dining
6,525 visits/mo
0.1 miles
Dairy Queen
Dining
4,501 visits/mo
0.2 miles
Domino's Pizza
Dining
3,250 visits/mo
0.4 miles
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
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 - Completely remodeled restaurant property with a built-in commercial kitchen, bar setup, and included FF&E package for turnkey operation.
Where is this conventional restaurant located?
The property is located at 9701 West 44th Avenue Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Completely remodeled, free‑standing commercial restaurant building built in 1925 at the signalized corner of W 44th Ave and Independence St in Wheat Ridge; Fully remodeled and expanded in 2024/2025; Operating as T‑Birds and generating approximately $850,000+ in gross annual revenue; business not included in the transaction
