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    104 W Elkhorn Road Salmon, ID 83467

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    For Sale
    $800,000

    COMMERCIAL - Salmon, ID

    Property size:
    2,216 SF
    Price / SF:
    $361/SF
    Added:
    Jun 29, 2025
    Days on Market:
    313
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 104 W Elkhorn Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Parking Lot
    Exterior features
    Lighting
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    0007400400A1A
    Size
    2,216 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SALMON RIVER EST UNT 1 T-6149 & LOT B & LOT 1 BLOCK 4 MH201 AKA LOT A
    Tax Annual Amount
    2420

    Utilities

    Heating system
    Propane (Heating)
    Water source
    Well
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1984
    Floors in Building
    1
    Building materials
    Frame, Hardboard/Composition
    Roof type
    Metal

    We can help!

    Listing Contact
    Courtney Thoreson

    Listing agent Courtney Thoreson License #SP53488

    Listing office Homes of Idaho 148 N Yale St., Nampa, ID

    Listing date Jun 29, 2025

    MLS# 2177504

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key, fully operational bar and grill business opportunity.
    • Includes a 2 bed, 2 bath modular home for owner residence, employee housing, or rental income.
    • Enjoy mountain and river views on this 1.3‑acre property with full RV hookups.
    • Renovated bar and grill features a full commercial kitchen, office, and ample storage.
    • Outdoor patio, tent, and dance floor are perfect for events and gatherings.
    • Short walk to the Salmon River and a 2‑mile drive to Gold Bug Hot Springs.

    Overview

    Turnkey Bar and Grill Business

    This is a turnkey bar and grill business opportunity, currently open and operating. The property spans 1.3 acres and features mountain and river views, along with full RV hookups. It includes a 2-bed, 2-bath modular home, suitable for owner residence, employee housing, or rental income. The bar and grill has been completely renovated and offers ample internal and external storage, a full commercial kitchen, and an office. A shower house, currently used for storage, is also present. The dining area has hosted events and social gatherings, while the patio, tent, and dance floor provide space for outdoor activities. The property is a short walk to the Salmon River and a 2-mile drive to the Gold Bug Hot Springs access. The location is in the Elk Bend community.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Hotel & Motel Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Dusty Mule Bar & Grill — 104 W Elk Horn Rd, Salmon, ID 83467

    Location Insight

    • Map
    • Local Demand
    City
    Salmon
    County
    Lemhi
    State
    Idaho
    Longitude
    -113.970778
    Latitude
    44.904509

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    FAQs

    What type of property is this?
    Bar & Pub - Operating bar and grill with RV hookups and living quarters.
    Where is this bar & pub located?
    The property is located at 104 W Elkhorn Road Salmon, ID.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Turn‑key, fully operational bar and grill business opportunity.; Includes a 2 bed, 2 bath modular home for owner residence, employee housing, or rental income.; Enjoy mountain and river views on this 1.3‑acre property with full RV hookups.
    (208) 442-1530
    We can help!
    Listing Contact
    Courtney Thoreson
    Real Estate License ID: SP53488
    Learn More
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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.

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