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    Property profile & analytics

    1201 Pearl St Denver, CO 80210

    • Turn key restaurants
    • 5,170 SF
    • 0.08 lot acres
    For Sale
    View listing
    $1,700,000
    Last Sale
    Sep 02, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0640858
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lincoln's Roadhouse / Restaurant / Cajun Restaurant

    Property Details for 1201 Pearl St

    Year built
    1911
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    5,170 SF
    Zone code
    U-MS-3
    Property type
    Turn key restaurants
    APN
    05221-14-034-000
    APU
    522114034000

    Description

    This exceptional investment opportunity presents a fully operational, 5,212 square foot restaurant and bar located at 1201 S Pearl St, Denver, CO 80210. Currently operating as the well-regarded Lincoln's Roadhouse, this single-tenant property boasts 100% occupancy and sits on a 3,702 square foot lot. Built in 1911, the two-story building is zoned U-MS-3, offering flexibility for potential future uses. The asking price is $1,700,000. This prime location within Denver's vibrant Pearl Street corridor ensures high visibility and foot traffic, making it ideal for an owner-user seeking to establish or rebrand an upscale dining experience. The property's established reputation and strong performance history provide a solid foundation for continued success. The building's substantial size and prime location offer significant potential for growth and return on investment. This is a rare chance to acquire a thriving business in a highly desirable area. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $369,000
      Market price range: $370k - $1.10M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.981
    Latitude
    39.6946
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,022
    $120,750
    $150,550
    $271,300
    -
    $462,800
    $539,600
    $1,002,400

    Comparable in this City

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      1729 Evans Ave

      RESTAURANT • 2,670 SF
      1729 Evans Ave, Denver, CO 80210-4601
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    • Value Estimation
      $320,000
      2,551 SF

      1800 Evans Ave

      RESTAURANT • 2,551 SF
      1800 Evans Ave, Denver, CO 80210-4604
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    • Value Estimation
      $420,000
      6,320 SF

      2651 Broadway

      RESTAURANT • 6,320 SF
      2651 Broadway, Denver, CO 80210-5704
      View Details
    • Value Estimation
      $810,000
      2,000 SF

      1643 Broadway, Unit 1645

      RESTAURANT • 2,000 SF
      1643 Broadway, Denver, CO 80210-2609
      View Details
    • Value Estimation
      $380,000
      3,530 SF

      2017 University Blvd

      RESTAURANT • 3,530 SF
      2017 University Blvd, Denver, CO 80210-4318
      View Details

    Similar Nearby for Sale

    • $1,700,000
      5,212 SF

      Lincoln's Roadhouse: Prime Denver Location

      Established Restaurant, High-Traffic Area, For Sale
      1201 Pearl St, Denver, CO 80210
      View Details
    • $1,650,000
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      Restaurant and Nightclub Opportunity

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      Retail Building Near Washington Park

      Multi-tenant retail building in ideal Washington Park location.
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      1,752 SF

      Historic South Pearl Street Retail

      Retail property on historic South Pearl Street with parking.
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    Similar Nearby for Lease

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      2,844 SF

      Restaurant Space Near Denver University

      Restaurant space with upgrades, near Denver University and South Pearl.
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      Restaurant space adjacent to apartments and near light rail station.
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      Retail/Restaurant Space in Luxury Building

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      Retail and Restaurant Space Available

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      Restaurant/Retail Space Available For Lease

      3,300 SF restaurant/retail space available, can be demised.
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    • $12 SF/Yr
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      Aurora Retail Space Available

      Retail property available for lease in Aurora, Colorado.
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      View Details
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    1201 Pearl St
    Denver, CO 80210
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    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
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