Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    800 Tomichi Ave Gunnison, CO 81230

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    800 Tomichi Ave Gunnison, CO 81230

    View on Map
    • Turn key restaurants
    • 3,980 SF
    • 0.70 lot acres
    For Sale
    $875,000
    View Listing →
    Gunnison Commercial Space - Highway 50 For Sale
    $875,000
    4,550 SF

    Gunnison Commercial Space - Highway 50

    High-traffic location, remodeled commercial building.

    800 Tomichi Ave, Gunnison, CO 81230
    View Listing
    Property ID
    US13-1378495
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pie-Zan's / Restaurant
    • McDonald's / Restaurant

    Property Details for 800 Tomichi Ave

    Year built
    1982
    Lot size
    0.70 lot acres
    Property size
    3,980 SF
    Property type
    Turn key restaurants
    APN
    370136000007
    APU
    370136000007

    Description

    This exceptional commercial property, located at 800 W Tomichi in Gunnison, CO, offers 4,550 square feet of versatile space on a 0.14-acre lot. Benefitting from highly desirable Highway 50 frontage, this building is ideal for a variety of businesses. A complete remodel has been undertaken, encompassing new plumbing, electrical wiring, electrical panels, and ADA-compliant bathrooms. The roof was replaced in 2018, enhancing durability and longevity. A covered porch, added in 2019, provides additional outdoor space. A significant feature is the 2400-square-foot basement, which includes a banquet room and a fully functional bar equipped with inline beer taps. This presents a unique opportunity for businesses requiring event space or beverage service. The existing pizza business and its fixtures are available for purchase separately, providing a turnkey operation for the right buyer. The asking price for this prime commercial property is $875,000. This presents a rare opportunity to acquire a fully renovated, high-visibility commercial space in a thriving Gunnison location. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gunnison
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.917
    Latitude
    38.5448

    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
    $13,904
    $94,920
    $179,000
    $273,920
    -
    $340,200
    $671,580
    $1,011,780

    Comparable in this City

    • Value Estimation by Request
      1,428 SF

      720 Main St, Unit 1

      RESTAURANT • 1,428 SF
      720 Main St, Gunnison, CO 81230-2412
      View Details
    • Value Estimation by Request
      2,177 SF

      135 Main St

      RESTAURANT • 2,177 SF
      135 Main St, Gunnison, CO 81230-2330
      View Details
    • Value Estimation by Request
      2,025 SF

      108 Main St

      RESTAURANT • 2,025 SF
      108 Main St, Gunnison, CO 81230-2331
      View Details
    • Value Estimation by Request
      1,485 SF

      120 Main St

      RESTAURANT • 1,485 SF
      120 Main St, Gunnison, CO 81230-2331
      View Details
    • Value Estimation by Request
      152 SF

      910 New York Ave

      RESTAURANT • 152 SF
      910 New York Ave, Gunnison, CO 81230-3455
      View Details
    • Value Estimation by Request
      1,472 SF

      206 Main St

      RESTAURANT • 1,472 SF
      206 Main St, Gunnison, CO 81230-2402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,624 SF

      Freestanding Starbucks with Drive-Thru

      Freestanding Starbucks with drive-thru on Gunnison's main thoroughfare.
      501 W Tomichi Ave, Gunnison, CO 81230
      View Details
    • $150,000
      1,400 SF

      Established Art Gallery Business Opportunity

      Turnkey art gallery and framing business in Gunnison, Colorado.
      124 Main St, Gunnison, CO 81230
      View Details
    • $1,450,000
      5,724 SF

      Gunnison Industrial Zone Flex Space

      Industrial flex space with secure yard in Gunnison, Colorado.
      601 S 10Th St, Gunnison, CO 81230
      View Details
    • $489,500
      2,125 SF

      Gunnison Mixed-Use Commercial Space

      Prime Gunnison location, versatile space, great potential.
      413 New York Ave, Gunnison, CO 81230
      View Details
    • $950,000
      2,318 SF

      Downtown Gunnison Restaurant - Turnkey Operation

      Established Restaurant, High Capacity, Prime Location
      112 Main St, Gunnison, CO 81230
      View Details
    View Listing
    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.
    800 Tomichi Ave
    Gunnison, CO 81230
    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.
    Sign Up Successful!
    You now have access to more from Realmo!