Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    251 Center St E Pocatello, ID 83201

    View on Map
    Sponsored
    For Sale
    $714,900

    Real Estate Only - Pocatello, ID

    Property size:
    13,822 SF
    Lot size:
    0.20 Acres
    Days on Market:
    148
    Last Refresh:
    Mar 7 at 7:06 am

    Property Features for 251 Center St E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial General
    APN
    RPPOC242500 And RPRPPOC24
    Size
    13,822 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    3
    Building materials
    Block, Brick, Frame
    Roof type
    Membrane, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Wheelock

    Premier Properties (208) 232-5025

    Listing agent Michael Wheelock (208) 232-5025

    Listing date Oct 11, 2025

    MLS# 580817 Listing URL

    Copyright © 2026 Greater Pocatello Association of REALTORS®. 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

    Iconic Pocatello Bar and Restaurant

    This property features an iconic bar and restaurant space in Pocatello. It has long been the location of The Office Bar, offered as a turn-key business. The restaurant side includes a new kitchen with an updated hood, appliances, work area, and countertops. The open and common space includes a refurbished seating deck on the back side of the building. The upper two levels offer further investment opportunities, with each level having approximately 9 studio rooms that were originally hotel/housing units. Most of the upper levels, including the metal/marble stairwell with separate access from Center Street, could provide more cash flow with possibilities for Airbnb or downtown housing rentals. The main levels have been completely remodeled, with the bar space offering an upper-level stage that has hosted many live shows and entertainment events. The downstairs space, with separate Center Street access, is currently set up as a recently remodeled tattoo parlor. The building size is 13822 square feet and the lot size is 0.2 acres. The property is zoned Commercial General.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Bar & Grill Bar & Pub

    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.

    Similar Places Nearby

    First National Bar, Portneuf Valley Brewing, 313 Whiskey Bar, One One Seven, Goody's Deli

    Location Insight

    • Map
    • Local Demand
    City
    Pocatello
    County
    Bingham
    State
    Idaho
    Longitude
    -112.446655
    Latitude
    42.864303

    Nearby Similar for Sale

    • New
      $550,000
      5,180 SF

      Pocatello Investment Property For Sale

      Commercial real estate investment property with leases in place until 2029.
      240 N 18Th Ave, Pocatello, ID 83201
      View Details
    • New
      $475,000
      Pending

      Pocatello Commercial Property For Sale

      Commercial property on over an acre, suitable for office use.
      844 Mckinley Ave, Pocatello, ID 83201
      View Details
    • New
      $475,000
      4,143 SF

      Pocatello Commercial Property on Acreage

      Commercial property on over an acre suitable for office use.
      844 Mckinley Ave, Pocatello, ID 83201
      View Details
    • New
      $224,900
      1,132 SF

      Pocatello Retail/Office Opportunity

      Retail or office space on a large corner lot.
      3490 Pole Line Rd, Pocatello, ID 83201
      View Details
    • $395,000
      2,500 SF

      Pocatello Commercial Space with Kitchen

      Versatile commercial space with kitchen in Pocatello, Idaho.
      314 N Main St, Pocatello, ID 83201
      View Details
    • $530,000
      7,000 SF

      Versatile Mixed-Use Building in Pocatello

      7,000 SF building ideal for retail, industrial, or residential.
      1625 N 2Nd Ave, Pocatello, ID 83201
      View Details
    • $995,000
      5,896 SF

      Pocatello Office Building with Warehouse

      Professional office building with warehouse space and tenant leases.
      750 W Quinn, Pocatello, ID 83201
      View Details
    • $649,900
      1,250 SF

      Pocatello Commercial Space For Sale

      1,250 sqft commercial space in high-traffic Pocatello location.
      4185 Pole Line Rd, Pocatello, ID 83202
      View Details
    • $499,000
      4,631 SF

      Pocatello Office Building For Sale

      Versatile office property in a thriving commercial area.
      353 E Lander St, Pocatello, ID 83201
      View Details
    • $419,900
      2,050 SF

      Downtown Pocatello Coffee Cafe Opportunity

      Profitable coffee cafe business and real estate for sale.
      502 N Main St, Pocatello, ID 83204
      View Details
    • $1,675,000
      6,360 SF

      Remodeled Medical Office Building

      Remodeled medical office building, tenant in place, Pocatello, ID.
      246 N 18Th Ave, Pocatello, ID 83201
      View Details
    • New
      $224,900
      1,132 SF

      Pocatello Commercial Space For Sale

      Commercial space suitable for salon, office, or retail use.
      3490 Poleline Ave, Pocatello, ID 83201
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Turn-key bar and restaurant with investment opportunities.
    Where is this bar & pub located?
    The property is located at 251 Center St E Pocatello, ID.
    What is the asking price?
    The asking price for this property is $714,900.
    What are key features of this property?
    This property features: - Turn-key bar and restaurant business opportunity (The Office Bar) with remodeled main level.; - New kitchen with updated hood, appliances, work area, and countertops in the restaurant space.; - Upper levels with approximately 18 studio rooms present significant investment potential (Airbnb, rentals).
    (208) 220-1911
    Request Owner's contact information
    251 Center St E Pocatello, ID 83201
    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.
    251 Center St E
    Pocatello, ID 83201
    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
    251 Center St E Pocatello, ID 83201
    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

    We can help!
    Listing Contact
    Michael Wheelock
    (208) 220-1911 (208) 232-5025
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!