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Property profile & analytics
FOR SALE
Commercial real estate

381 Colorado Dr Bayfield, CO 81122

3,600 SF 0.07 ac lot Built 1983
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US13-1562094
Property summary
AI-generated overview

This thriving pizza business, AJ's, presents a fantastic opportunity for aspiring entrepreneurs. Located in the heart of Bayfield, Colorado, at 381 E Colorado Drive, Unit 3, this well-known eatery enjoys a prime spot between a grocery store and Subway, ensuring consistent foot traffic and visibility. The 772 square foot space is currently operating under a transferable lease (real estate not included). The sale includes all necessary inventory, trade fixtures, and recipes, providing a seamless transition for the new owner. To further ease the transition, the current owners are offering post-closing training, eliminating the uncertainty often associated with acquiring an existing business. This turnkey operation is ready for immediate success, offering the chance to continue the established AJ's brand or launch a new venture within the same high-demand location. The asking price for this exceptional business opportunity is $69,000. This includes everything needed to begin operations immediately, making it an attractive proposition for those seeking a proven business model in a vibrant community. The business is situated on a 0-acre lot. Don't miss this chance to own a piece of Bayfield's culinary scene.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1983
Total area 3,600 SF
Lot 0.07 ac (3,049 SF)
APN 5677-122-00-060
UPID US13-1562094
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$481k
Blend (final) Blend
$560k
Owner & transaction history
Peyton P Peeples III · 20 yrs held
Peyton P Peeples III
since 2005
7 recorded transactions
2017
Price N/A
2005
$295,000
2005
Price N/A
2005
$280,000
2005
Price N/A
2005
$230,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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