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    Turnkey Mixed-Use Brick Building Title is generated by Realmo AI

    216 & 220 6th St, Wallace, ID 83873

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    Claim this Listing
    For Sale
    $1,999,999

    COMMERCIAL - Wallace, ID

    Property size:
    7,500 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $266/SF
    Added:
    Jun 14, 2024
    Days on Market:
    721
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 216 & 220 6th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    WA-Wallace
    Rooms
    Basement
    Security features
    Security System
    Interior features
    Storage, Cable Internet Available, DSL Available, High Speed Internet, Satellite, Smart Thermostat, Mini-Split A/C, 3 Phase Power, Tile/Stone Flooring
    Exterior features
    Lighting, Handicap Access
    Basement
    Unfinished
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    RPB0050017019CA & RPB0050017019DA
    Size
    7,500 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    See Attached Exhibit A
    Tax Annual Amount
    6371

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Ductless (Heating), Natural Gas, Electric (Heating)
    Cooling system
    Wall Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1914
    Building materials
    Steel Siding, Concrete, Brick, Frame, Post & Beam
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Owen Webster Cotter
    Owen Webster Cotter

    Listing agent Owen Webster Cotter License #SP46862

    Listing office Silvercreek Realty Group, LLC 1099 S Wells Street STE 200, Meridian, ID

    Listing date Jun 14, 2024

    MLS# 24-5785

    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.

    HighLights

    • Turnkey mixed‑use brick building ('Camia') with extensive 2023 renovation including new plumbing, HVAC, electrical, roof, and energy‑efficient windows.
    • Prime Downtown Wallace location, just 15 minutes from Lookout Pass and Silver Mountain ski resorts.
    • Street level features a beautifully designed upscale bar and lounge with a cigar/library sitting room, plus an open restaurant space ready for buildout.
    • Four fully furnished, well‑appointed lofts on the second and third floors, designed for short‑stay and long‑term rentals.
    • Advanced security features: key/keyless access control systems and remote monitor 'Smart' CCTV system throughout the property.
    • Historical exposed brick charm combined with modern infrastructure and permitted work with City, County, and State.

    Overview

    This turnkey mixed-use brick building, originally built in 1914 and extensively renovated in 2023, is located in the heart of Downtown Wallace, 15 minutes from Lookout Pass and Silver Mountain ski resorts. The renovation included interior engineering and remodel, exposed post/beam installation, new plumbing, HVAC, and electrical systems, dual pane energy-efficient windows, and a new roof. The street level features an upscale bar and lounge with a cigar/library sitting room. The three commercial spaces have vaulted 12'-16' ceilings with a total floor space of approximately 5,625 sqft, plus a 1,875 sqft basement. Attached to the lounge is an open restaurant space of 1,875 sqft ready for design and buildout. The second and third floors feature four fully furnished lofts with open floor plans, bathrooms with walk-in dual head showers, laundry rooms, and full kitchens with stainless steel appliances. The lofts are designed for short-stay and long-term rentals, with key and/or keyless access control systems and a remote monitor CCTV system. The building maintains its historical exposed brick charm, with new plumbing, electrical, HVAC, and energy-efficient infrastructure standards of 2023. All work is permitted with the City, County, and State. The property size is 7,500 square feet and the lot size is 0.08 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Linden Lofts Hotel Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Shoshone
    State
    Idaho
    Longitude
    -115.92424
    Latitude
    47.473443

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    • $1,999,999
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      Turnkey Mixed-Use Brick Building

      Renovated mixed-use building with bar, restaurant, and residential lofts.
      216-220 6th St, Wallace, ID
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use building in downtown Wallace near ski resorts.
    Where is this mixed-use property located?
    The property is located at 216 & 220 6th St Wallace, ID.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: Turnkey mixed‑use brick building ('Camia') with extensive 2023 renovation including new plumbing, HVAC, electrical, roof, and energy‑efficient windows.; Prime Downtown Wallace location, just 15 minutes from Lookout Pass and Silver Mountain ski resorts.; Street level features a beautifully designed upscale bar and lounge with a cigar/library sitting room, plus an open restaurant space ready for buildout.
    (208) 691-9591
    We can help!
    Listing Contact
    Owen Webster Cotter
    Owen Webster Cotter
    Real Estate License ID: SP46862
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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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    216 & 220 6th St, Wallace, ID 83873
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