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    75 W Bates Rd, Unit 103 Driggs, ID 83422

    View on Map
    Sponsored
    For Sale
    $275,000

    COMMERCIAL - Driggs, ID

    Property size:
    1,204 SF
    Days on Market:
    1
    Last Refresh:
    Mar 6 at 8:06 pm

    Property Features for 75 W Bates Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    RPA0018004008C
    Size
    1,204 SF

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Concrete, Brick, Steel Siding, Stick Built On Site
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Sean Brawner

    Keller Williams Jackson Hole (307) 413-5846

    Listing agent Sean Brawner

    Listing date Mar 6, 2026

    MLS# 25-2531

    Copyright © 2026 Teton Board 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

    Established Wine Bar & Bistro

    Lula Wine Bar & Bistro, established in January 2025, is a refined gathering space located in downtown Driggs, Idaho. This turnkey business features new high-end construction encompassing 1,200 square feet. The sale includes FF&E, POS and staff systems, vendor accounts, recipes, and a strong digital infrastructure. The bistro offers seating for 49 patrons, with an additional timber pergola providing space for 24. Multiple revenue streams are generated through food and wine sales, a wine club, and community events. The business benefits from excellent reviews and first-page Google visibility. With limited competition, a loyal customer base, and a prime location, Lula is positioned for growth through private events, retail wine sales, and club expansion. The property is located at 75 W BATES Road, unit 103, in Driggs, ID 83422. The property size is 1,204 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

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

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

    Similar Places Nearby

    O'Rourkes Bar & Grille

    Location Insight

    • Map
    • Local Demand
    City
    Driggs
    County
    Teton
    State
    Idaho
    Longitude
    -111.112914
    Latitude
    43.723391

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey wine bar and bistro in downtown Driggs, Idaho.
    Where is this bar & pub located?
    The property is located at 75 W Bates Rd, Unit 103 Driggs, ID.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Turnkey business established in January 2025 with strong revenue streams and growth potential.; - Prime downtown Driggs location with limited competition and a loyal customer base.; - New high-end construction (1,200 sq. ft.) with seating for 49 inside and 24 on a timber pergola.
    (307) 413-5846
    Request Owner's contact information
    75 W Bates Rd, Unit 103 Driggs, ID 83422
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    Driggs, ID 83422
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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
    75 W Bates Rd, Unit 103 Driggs, ID 83422
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    We can help!
    Listing Contact
    Sean Brawner
    (307) 413-5846
    Learn more
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