Convenience Store With
For Sale
$750,000
34135 N Main St, Bayview, ID 83803
Commercial Sale, Split Entry, Bayview, ID
Property Size3,384 SF
Lot Size0.15 Acres
Price / SF$221.63
Days on Market8
Property Features for 34135 N Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Storage, High Speed Internet, Mini-Split A/C, Phone Prewired
Exterior features
Lighting, Handicap Access
Basement
None
Accessibility
Accessible Approach with Ramp
Subdivision
Bayview
Lot features
Open Lot, Level
View
Lake, Territorial
Directions
From CDA - US-95 N to Exit 449 take R on ID-54 E take 2nd exit to stay on ID-54 E to Bayview Mercantile on L
Standard status
Active
APN
B0999022005A
Size
3,384 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Bayview, Lt 5,6 Block 22 3454N02w
Tax Annual Amount
937
Legal Description
Bayview, Lt 5,6 Block 22 3454N02w
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Pellet Stove, Electric (Heating)
Amenities
balcony
Building Details
Year built
1947
Building materials
Wood Siding, Asbestos, Fiber Cement, Lap Siding, Frame
Roof type
Rubber, Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Heart and Homes Northwest Realty
(509) 447-3144
Listed By:
Will & Laura Realty · License #SP46329/SP46307
(208) 262-6000
Added: Aug 28
Changed: Sep 3
Last Checked: Sep 4 at 9:06PM
MLS# 26-8876
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.
Investment Insights
Based on property information with market context.
This Bayview commercial property combines a convenience store with an upstairs apartment on a 0.15-acre parcel. The retail area measures 2,304 square feet and includes merchandise inventory, shelving, display racks, freezers, coolers, a walk-in beverage cooler, register, security equipment, and a firewood box. The building has received updates to the paint, siding, electrical system, insulation, roof, and windows.
The 1,080-square-foot apartment contains two bedrooms, one bathroom, and an outdoor balcony oriented toward the lake and town docks. Additional features include storage, high-speed internet, mini-split A/C, phone prewiring, lighting, handicap access, and a ramped approach. Built in 1947, the property has commercial zoning and uses septic service.
The 1,080-square-foot apartment contains two bedrooms, one bathroom, and an outdoor balcony oriented toward the lake and town docks. Additional features include storage, high-speed internet, mini-split A/C, phone prewiring, lighting, handicap access, and a ramped approach. Built in 1947, the property has commercial zoning and uses septic service.
Key Highlights
- 2,304‑square‑foot convenience store with current merchandise inventory and equipment
- 1,080‑square‑foot upstairs apartment with 2 bedrooms and 1 bathroom
- 0.15‑acre parcel at 34135 N Main St, Bayview, ID 83803
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,967
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,340
$779.3K
Cap Rate 7%
$556,671
$556.7K
Cap Rate 9%
$432,967
$433.0K
Market Conditions
NOI Build-Up for 3,384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.0K $15.96/SF
− Vacancy
−$2.1K −$0.61/SF
EGI
$52.0K $15.35/SF
− OpEx
−$13.0K −$3.84/SF
NOI
$39.0K $11.52/SF
Area
Kootenai County, ID
Vacancy
3.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,340
Cap Rate 7%
$556,671
Cap Rate 9%
$432,967
Alternative Uses
Best Use
Specialty Retail
$556.7K
$487.1K – $649.5K
NOI $38,967 @ 7.0% cap · market cap 5.20%
Second Best
Mixed Use
$505.8K
$442.6K – $590.1K
NOI $35,405 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$734.1K
$642.3K – $856.4K
NOI $51,385 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83803, ID
764
Population
642
Households
1.2
Avg Household Size
57
Median Age
51%
College-Educated
100%
High-School Grad
125.0 sq mi
ZIP Area
6
Density / Sq Mi
$59,307
Median Household Income
$38,472
Median Earnings
$661,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bayview Mercantile — 34135 N Main Ave, Bayview, ID 83803
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercially zoned village property includes operating retail improvements, merchandise, equipment, and an upstairs residential apartment.
Where is this grocery and convenience store located?
The property is located at 34135 N Main St Bayview, ID.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,304‑square‑foot convenience store with current merchandise inventory and equipment; 1,080‑square‑foot upstairs apartment with 2 bedrooms and 1 bathroom; 0.15‑acre parcel at 34135 N Main St, Bayview, ID 83803
