Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Profitable Bbq Restaurant & Bar -Under An Hour To Denver & Boulder Black Hawk, CO 80422

    • Retail properties
    • 2,300 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Profitable Bbq Restaurant & Bar -Under An Hour To Denver & Boulder

    Year built
    2018
    Property size
    2,300 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This thriving barbecue restaurant and bar, established in 2018, presents a unique investment opportunity. Located in Gilpin County, Colorado, less than an hour from Denver and Boulder, this 2,300 square foot establishment boasts impressive financials. 2023 annual sales reached nearly $700,000, generating owner earnings of $78,000. 2024 year-to-date sales show a 14% increase, projecting owner earnings to exceed $100,000. The restaurant features both indoor and outdoor seating for over 100 patrons, a full bar with a liquor license, and a menu of barbecue favorites alongside other options. The business benefits from an exceptionally low monthly rent of $158 and comes with eight experienced, trained employees. The current owner is offering a minimum of two weeks of training to ensure a smooth transition. The sale includes various assets such as a smoker, POS system, and ATM. Seller financing is available for qualified buyers up to 40% of the asking price of $149,000. The lease has approximately five years remaining. This turnkey operation is priced aggressively, representing less than two times its earnings, making it an exceptional value in a desirable location with strong growth potential. The restaurant's success is further enhanced by its prime location in a community known for its recreational opportunities and proximity to major urban areas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Black Hawk
    County
    Gilpin
    State
    Colorado
    Longitude
    -105.495
    Latitude
    39.8039

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      Black Hawk, CO 80422

      VACANT COMMERCIAL LAND • 0.38 Acres
      Black Hawk, CO 80422
      View Details
    • Value Estimation by Request

      Black Hawk, CO 80422

      VACANT COMMERCIAL LAND
      Black Hawk, CO 80422
      View Details
    • Value Estimation by Request
      4.93 Acres

      Black Hawk, CO 80422

      VACANT COMMERCIAL LAND • 4.93 Acres
      Black Hawk, CO 80422
      View Details
    • Value Estimation by Request
      5.04 Acres

      Black Hawk, CO 80422

      CAMPGROUND, RV PARK • 5.04 Acres
      Black Hawk, CO 80422
      View Details
    • Value Estimation by Request
      36.02 Acres

      Black Hawk, CO 80422

      CAMPGROUND, RV PARK • 36.02 Acres
      Black Hawk, CO 80422
      View Details
    • Value Estimation by Request
      0.17 Acres

      Black Hawk, CO 80422

      VACANT COMMERCIAL LAND • 0.17 Acres
      Black Hawk, CO 80422
      View Details

    Similar Nearby for Sale

    • $1,995,000
      3,416 SF

      Retail Opportunity in Black Hawk

      Storefront with essentials for locals near State Parks.
      14936 Co 119, Black Hawk, CO 80422
      View Details
    • $52,000

      Secluded Land Surrounded by Forest

      Secluded land for camping, hunting, and exploring near National Forest.
      5340 Fs 718.1, Black Hawk, CO 80422
      View Details
    • $59,000

      Black Hawk Investment Property

      3.65 acres near Main Street in Black Hawk, Colorado.
      1 Miners Rd, Black Hawk, CO 80422
      View Details
    • $1,200,000
      41.42 Acres

      Black Hawk Commercial Land

      41 Acres, Mountain Development Opportunity
      1650 Upper Apex Rd, Central City, CO 80422
      View Details
    • $69,000
      0.53 Acres

      Black Hawk Land For Sale

      Flat, wooded lot with utilities and convenient access to amenities.
      121 Aurora Rd, Black Hawk, CO 80422
      View Details
    • $459,000

      40 Acre Mountain Sanctuary Land

      Secluded 40 acre mountain land bordering US Forest Service.
      850 Lupine Pl, Black Hawk, CO 80422
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Profitable Bbq Restaurant & Bar -Under An Hour To Denver & Boulder
    Black Hawk, CO 80422
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.