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    Property profile & analytics

    246 E Bridge St Hotchkiss, CO 81419

    • Commercial real estate
    • 928 SF
    • 0.10 lot acres
    For Sale
    View listing
    $370,000
    Last Sale
    Sep 28, 2021
    $135,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1905934
    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

    • Two Four Six Coffee / Cafe & Coffee Shop
    • Two Four Six Coffeehouse / Cafe & Coffee Shop

    Property Details for 246 E Bridge St

    Year built
    1905
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    928 SF
    Property type
    Commercial real estate
    APN
    324330312012
    APU
    324330312012

    Description

    This exceptional opportunity presents a thriving, established coffee bar and retail space nestled in the heart of Hotchkiss, Colorado. Located on busy Bridge Street and Highway 92, this 1,097 square foot property sits on a 0.14-acre lot and enjoys a prime position along the West Elk Loop Scenic Byway, benefiting from both robust summer tourist traffic and a loyal year-round local clientele. The business operates seven days a week, from 7 am to 4 pm, offering a turnkey operation with all high-quality equipment and furnishings included. The historic building has been meticulously maintained and updated with modern amenities, ensuring a seamless transition for the new owner. Hotchkiss itself is known for its desirable climate, flourishing organic fruit orchards, and proximity to the renowned West Elk viticulture area, providing a picturesque and attractive setting for this profitable venture. The asking price for this established business and property is $415,000. This presents a rare chance to acquire a successful, ready-to-operate business in a stunning Colorado location. The property's combination of prime location, established clientele, and turnkey operation makes it an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hotchkiss
    County
    Delta
    State
    Colorado
    Longitude
    -107.719
    Latitude
    38.7992

    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
    $2,453
    $8,370
    $25,222
    $33,592
    -
    $30,000
    $90,402
    $120,402

    Comparable in this City

    • Value Estimation by Request
      5,295 SF

      180 Bridge St

      Commercial real estate • 5,295 SF
      180 Bridge St, Hotchkiss, CO 81419
      View Details
    • Value Estimation by Request
      7,449 SF

      121 Brg St

      COMMERCIAL (GENERAL) • 7,449 SF
      121 Brg St, Hotchkiss, CO 81419-5058
      View Details
    • Value Estimation by Request
      7,320 SF

      165 Brg St

      COMMERCIAL (GENERAL) • 7,320 SF
      165 Brg St, Hotchkiss, CO 81419
      View Details
    • Value Estimation by Request
      505 SF

      179 Brg St

      COMMERCIAL CONDOMINUIM • 505 SF
      179 Brg St, Hotchkiss, CO 81419-9753
      View Details
    • Value Estimation
      $585,000
      4,048 SF

      39126 Hwy 133

      COMMERCIAL (GENERAL) • 4,048 SF
      39126 Hwy 133, Hotchkiss, CO 81419-7316
      View Details
    • Value Estimation by Request
      1,658 SF

      204 Brg St

      COMMERCIAL (GENERAL) • 1,658 SF
      204 Brg St, Hotchkiss, CO 81419
      View Details

    Similar Nearby for Sale

    • $370,000
      1,097 SF

      Thriving Coffee Bar and Shop

      Turnkey coffee bar and shop in Hotchkiss, Colorado for sale.
      246 E Bridge St, Hotchkiss, CO 81419
      View Details
    • $400,000
      23.00 Acres

      23-Acre Land with Utilities

      23-acre property with utilities, ready for immediate use.
      15444 3050 Rd Unit Tbd 3050 Rd, Hotchkiss, CO 81419
      View Details
    • Contact for pricing

      North Fork Valley Farmland

      64.12 acre farm with irrigation water and city water.
      35971 Back River Rd, Hotchkiss, CO 81419
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    • $380,000
      2,620 SF

      Hotchkiss Retail Space - Prime Location

      Established Restaurant/Tavern, High Visibility
      170 Bridge St, Hotchkiss, CO 81419
      View Details
    • $950,000
      6,273 SF

      Hotchkiss Commercial Building with Adaptability

      High-quality commercial building in Hotchkiss with strong visibility and modern systems.
      365 W Bridge St, Hotchkiss, CO 81419
      View Details
    • $400,000
      23.18 Acres

      Land with Utilities in Place

      23-acre property with well, septic, electricity, and improvements.
      15444 3050 Ln, Hotchkiss, CO 81419
      View Details

    Similar Nearby for Lease

    • $120 SF/Yr
      3,450 SF

      Hotchkiss Office Suites Available

      Downtown Hotchkiss Retail & Office Space
      130 Bridge St, Hotchkiss, CO 81419
      View Details
    • New
      $834 /Mo
      8,316 SF

      Renovated Retail Space in Hotchkiss

      Charming, renovated retail space in downtown Hotchkiss with modern updates.
      130 E Bridge St, Hotchkiss, CO 81419
      View Details
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    Hotchkiss, CO 81419
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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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