Restaurant with Existing
For Sale
Contact for pricing
9742 E Colfax Ave, Aurora, CO 80010
Restaurant improvements include a commercial kitchen, bar buildout, and supporting infrastructure for food-service operations.
Property Size3,999 SF
Price / SF$233.81
Days on Market53
Property Features for 9742 E Colfax Ave
General Information
Standard status
Active
Size
3,999 SF
Property subtype
Retail
Zoning
OA-MS
Investment Type
Owner/User
Listing Agency:
Hoff & Leigh Denver
Listed By:
Jayme Wilson · License #FA 100088653
(719) 630-2277
Source:
Crexi
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 18 at 7:06AM
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 Hoff & Leigh Denver
Investment Insights
Based on property information with market context.
This 3,999-square-foot restaurant property includes an existing commercial kitchen, bar buildout, and restaurant infrastructure. The improvements provide a built-out foundation for an owner-user seeking an established food-service configuration rather than an unfinished space. Zoning is OA-MS.
Located at 9742 E Colfax Ave in Aurora, Colorado, the property offers visibility along East Colfax and access to convenient public parking. The existing layout and improvements may support a restaurant operation or expansion of an established business, subject to applicable approvals and requirements.
Located at 9742 E Colfax Ave in Aurora, Colorado, the property offers visibility along East Colfax and access to convenient public parking. The existing layout and improvements may support a restaurant operation or expansion of an established business, subject to applicable approvals and requirements.
Key Highlights
- 3,999‑square‑foot restaurant property
- Existing commercial kitchen in place
- Bar buildout and restaurant infrastructure included
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
$56,596
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
6.05%
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%
$1,131,920
$1.1M
Cap Rate 7%
$808,514
$808.5K
Cap Rate 9%
$628,844
$628.8K
Market Conditions
NOI Build-Up for 3,999 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
$81.6K $20.40/SF
− Vacancy
−$6.1K −$1.53/SF
EGI
$75.5K $18.87/SF
− OpEx
−$18.9K −$4.72/SF
NOI
$56.6K $14.15/SF
Area
Aurora, CO
Vacancy
7.50%
Lease Rate
$20.40 /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%
$1,131,920
Cap Rate 7%
$808,514
Cap Rate 9%
$628,844
Alternative Uses
Best Use
Specialty Retail
$808.5K
$707.5K – $943.3K
NOI $56,596 @ 7.0% cap · market cap 6.05%
Second Best
Industrial
$693.1K
$606.5K – $808.6K
NOI $48,517 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.12M
$977.8K – $1.30M
NOI $78,220 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 20%
Apparel 18%
Groceries 10%
Little Caesars Pizza
Dining
12,399 visits/mo
0.4 miles
Arc Thrift Store
Apparel
11,212 visits/mo
0.2 miles
Conoco
Shops & Services
7,807 visits/mo
0.5 miles
Wells Fargo
Shops & Services
6,806 visits/mo
0.5 miles
Payless Liquors
Groceries
6,099 visits/mo
0.2 miles
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
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 - Restaurant improvements include a commercial kitchen, bar buildout, and supporting infrastructure for food-service operations.
Where is this conventional restaurant located?
The property is located at 9742 E Colfax Ave Aurora, CO.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: 3,999‑square‑foot restaurant property; Existing commercial kitchen in place; Bar buildout and restaurant infrastructure included
