Established Restaurant
For Sale
$250,000
Wingnutz Bar & Grill, Rifle, CO 81650
Commercial Sale, Rifle, CO
Property Size1,512 SF
Lot Size0.30 Acres
Price / SF$165.34
Days on Market95
Property Features for Wingnutz Bar & Grill
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Light Industrial
Subdivision
Meisner Add
Directions
Located directly off of Highway 13/Railroad Ave. Just before the intersection of Railroad Ave & Whiteriver
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
217704307003
Size
1,512 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Sale includes the established commercial business of Western Slope Investments more commonly known as WingNutz Bar and Grill. The sale includes furniture, fixtures, equipment, goodwill, trade name, and business assets. Inventory to be negotiated separately. NO REAL ESTATE INCLUDED.
Legal Description
Sale includes the established commercial business of Western Slope Investments more commonly known as WingNutz Bar and Grill. The sale includes furniture, fixtures, equipment, goodwill, trade name, and business assets. Inventory to be negotiated separately. NO REAL ESTATE INCLUDED.
Utilities
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Listing Agency:
Property Professionals
(970) 625-2255
Listed By:
Kevin Atchison · License #FA100071604
(970) 379-0199
Added: Jun 6
Changed: Sep 5
Last Checked: Sep 8 at 3:06PM
MLS# 193172
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.
The sale includes the established WingNutz Bar & Grill business at 2178 Railroad Ave. in Rifle, Colorado. Included assets comprise the trade name, goodwill, furniture, fixtures, equipment, and operational infrastructure, along with the rights to operate under the WingNutz name. Inventory is subject to separate negotiation, and no real estate is included.
The business has served the Rifle community for more than 21 years. Property-related improvements supporting operations include expanded kitchen capacity, utility upgrades, HVAC enhancements, and walk-in refrigeration and freezer facilities. The business is located in a 1,512-square-foot commercial setting associated with a 1980 building and public water service.
The business has served the Rifle community for more than 21 years. Property-related improvements supporting operations include expanded kitchen capacity, utility upgrades, HVAC enhancements, and walk-in refrigeration and freezer facilities. The business is located in a 1,512-square-foot commercial setting associated with a 1980 building and public water service.
Key Highlights
- Established WingNutz Bar & Grill business serving Rifle for more than 21 years
- Sale includes the WingNutz trade name, goodwill, furniture, fixtures, equipment, and business assets
- Expanded kitchen capacity, utility upgrades, HVAC improvements, and walk‑in refrigeration/freezer facilities
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
$21,771
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
8.71%
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%
$435,420
$435.4K
Cap Rate 7%
$311,014
$311.0K
Cap Rate 9%
$241,900
$241.9K
Market Conditions
NOI Build-Up for 1,512 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
$30.3K $20.04/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$29.0K $19.20/SF
− OpEx
−$7.3K −$4.80/SF
NOI
$21.8K $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 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%
$435,420
Cap Rate 7%
$311,014
Cap Rate 9%
$241,900
Alternative Uses
Best Use
Specialty Retail
$311.0K
$272.1K – $362.9K
NOI $21,771 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.0K
$346.5K – $462.0K
NOI $27,718 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81650, CO
14,336
Population
5,088
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
1,022.7 sq mi
ZIP Area
14
Density / Sq Mi
$81,506
Median Household Income
$41,982
Median Earnings
$1,236
Median Rent
$397,100
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 business includes the WingNutz trade name, furniture, fixtures, equipment, and supporting operational infrastructure.
Where is this conventional restaurant located?
The property is located at Wingnutz Bar & Grill Rifle, CO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Established WingNutz Bar & Grill business serving Rifle for more than 21 years; Sale includes the WingNutz trade name, goodwill, furniture, fixtures, equipment, and business assets; Expanded kitchen capacity, utility upgrades, HVAC improvements, and walk‑in refrigeration/freezer facilities
