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    212 Main St Smelterville, ID 83868

    View on Map
    Sponsored
    For Sale
    $316,000

    COMMERCIAL - Smelterville, ID

    Property size:
    2,328 SF
    Lot size:
    0.70 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 16 at 2:06 am

    Property Features for 212 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    APN
    RPF0200001002A
    Interior features
    Storage, Phone Prewired
    Exterior features
    Lawn
    Basement
    Finished
    Size
    2,328 SF
    Lot size
    0.70 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1980
    Building materials
    Cedar, Lap Siding, Block, Frame
    Roof type
    Aluminum
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Andrew Hobbs

    Berkshire Hathaway HomeServices Jacklin Real Estate (208) 758-7474

    Listing agent Andrew Hobbs (208) 304-3233 License #SP58753

    Listing date Mar 2, 2026

    MLS# 25-10128

    Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Bar with Liquor License

    This established bar, in business for 37 years, is located in Smelterville, Idaho. The property includes a full liquor license, one of only two issued in Smelterville. The main level bar space encompasses 1,428 square feet, with a total square footage of 2,328. Situated on a 0.07-acre lot with 80 feet of main street road frontage, the bar benefits from high visibility and convenient access to I-90, with a traffic count of over 12,000 vehicles per day. The property features an inviting main bar with ample seating, a pool table, a gaming area, and an exterior patio suitable for live entertainment. The sale includes all fixtures, furnishings, and equipment, along with the transferable liquor license. Additional features include a full-size 29x29' basement, a 36x16' addition on the west end completed in 1996-98, and a small 5'x36' outdoor patio. The seating capacity is 40, and there are two bathrooms. The property operates on a 50/50 shared income basis with a gaming company for pinball, pool table, dart board, and jukebox. A new pitched roof was installed in 2021. The bar is the first establishment visible upon exiting the interstate. Shoshone County had a population of 13,169 in the 2020 Census. Smelterville has approximately 1,500 residents and 62 business establishments. Visitor spending in Shoshone County reached $45.2 million in 2023. The property offers excellent growth potential and a loyal customer base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Home Appliance Store Mobile Phone Store (Bike/Boat/Book/etc) Store Catering Service Locksmith Supermarket Electronics & Wireless Store Computer & Electronic Repair Bakery Tech Support Center

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

    Similar Places Nearby

    Wheel Bar, Johnny's Bar, Silver Mountain Espresso, Silver Peak Espresso

    Location Insight

    • Map
    • Local Demand
    City
    Smelterville
    County
    Shoshone
    State
    Idaho
    Longitude
    -116.177401
    Latitude
    47.543573

    Nearby Similar for Sale

    • $250,000
      2,257 SF

      Smelterville Commercial Building For Sale

      Prime Silver Valley location, shop & storage space.
      203 K St, Smelterville, ID 83868
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Turnkey bar with liquor license in high-traffic location.
    Where is this bar & pub located?
    The property is located at 212 Main St Smelterville, ID.
    What is the asking price?
    The asking price for this property is $316,000.
    What are key features of this property?
    This property features: - Rare, transferable full liquor license included in the sale (only one of two in Smelterville).; - Fully operational, turnkey bar business with all fixtures, furnishings, and equipment included.; - High-traffic location directly off I-90 with 12,000+ vehicles per day and 80 ft of main street frontage.
    (208) 304-3233
    Request Owner's contact information
    212 Main St Smelterville, ID 83868
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    Smelterville, ID 83868
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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
    212 Main St Smelterville, ID 83868
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    We can help!
    Listing Contact
    Andrew Hobbs
    Real Estate License ID: SP58753
    (208) 304-3233 (208) 758-7474
    Learn more
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