Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    215 Main St Westcliffe, CO 81252

    • Retail properties
    • 2,515 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 215 Main St

    Year built
    1899
    Lot size
    0.08 lot acres
    Property size
    2,515 SF
    Property type
    Retail properties

    Description

    This exceptional turnkey business opportunity in downtown Westcliffe, Colorado, presents a thriving restaurant housed in a 2,515 square foot building situated on a 0.08-acre lot. The restaurant boasts a unique rustic-chic atmosphere, blending modern flair with Western charm. The menu features popular items such as gourmet Smashburgers, ramen, and high-quality steak cuts. The establishment offers stunning views of historic Main Street from its attractive bar area, creating a memorable dining experience. The sale includes the building and the established business, providing a complete package for a new owner. This presents a rare chance to acquire a profitable, well-regarded restaurant in a desirable mountain town location. The property's prime downtown location ensures high visibility and foot traffic, contributing to the business's success. The inviting ambiance and delicious food have cultivated a loyal customer base. This is an excellent investment opportunity for an entrepreneur seeking a thriving business with significant growth potential in a picturesque Colorado setting. The sale price is $499,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westcliffe
    County
    Custer
    State
    Colorado
    Longitude
    -105.468
    Latitude
    38.1363

    Comparable in this City

    • Value Estimation by Request
      2,112 SF

      107 2Nd St

      Retail properties • 2,112 SF
      107 2Nd St, Westcliffe, CO 81252
      View Details
    • Value Estimation by Request
      1,954 SF

      802 Main St

      Automotive properties • 1,954 SF
      802 Main St, Westcliffe, CO 81252
      View Details
    • Value Estimation
      $355,000
      15,380 SF

      50 Main St

      GROCERY, SUPERMARKET • 15,380 SF
      50 Main St, Westcliffe, CO 81252-8306
      View Details
    • Value Estimation by Request
      1,920 SF

      802 Main St

      Commercial real estate • 1,920 SF
      802 Main St, Westcliffe, CO 81252
      View Details
    • Value Estimation by Request
      0.69 Acres

      Westcliffe, CO 81252

      VACANT COMMERCIAL LAND • 0.69 Acres
      Westcliffe, CO 81252
      View Details
    • Value Estimation by Request
      0.76 Acres

      Westcliffe, CO 81252

      VACANT COMMERCIAL LAND • 0.76 Acres
      Westcliffe, CO 81252
      View Details

    Similar Nearby for Sale

    • $475,000
      2,112 SF

      where you can enjoy a beautiful park as well as enjoy our Dark Skys. Studio C is zoned core commercial

      meaning you can have a commercial entity as well as live in the 2 bedroom
      107 2Nd St, Westcliffe, CO 81252
      View Details
    • $869,000
      6,129 SF

      Silver Cliff Mountain Inn

      Established business with growth potential in Silver Cliff, Colorado.
      700 Ohio St, Silver Cliff, CO 81252
      View Details
    • $3,500,000

      Auto Service Center with Acreage

      Turn-key auto service center with additional commercial acreage.
      802 Main, Westcliffe, CO 81252
      View Details
    • $425,000
      2,112 SF

      Renovated Studio in Westcliffe, Colorado

      Stunning 2,060 sq ft studio in the heart of Westcliffe.
      107 S 2 St, Westcliffe, CO 81252
      View Details
    • $4,500,000
      1,920 SF

      Established Auto Service Business For Sale

      Profitable auto service business with real estate in Westcliffe, CO.
      802 Main St, Westcliffe, CO 81252
      View Details
    • New
      $349,000
      880 SF

      Mixed-Use Building in Silver Cliff

      Versatile mixed-use property with highway frontage in Silver Cliff, Colorado.
      360 E Main St, Silver Cliff, CO 81252
      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.
    215 Main St
    Westcliffe, CO 81252
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.