Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Established Steakhouse and Lounge Opportunity Title is generated by Realmo AI

    115 W Lake St., Sandpoint, ID 83864

    View on Map
    Claim this Listing
    For Sale
    $2,100,000

    Well-known restaurant with business, equipment, and liquor license included.

    Type:Business Opportunities
    Property size:
    6,742 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $311/SF
    Added:
    Aug 24, 2021
    Days on Market:
    1750
    Last Refresh:
    May 12 at 8:54 pm

    Property Features for 115 W Lake St.

    General Information

    Standard status
    Active
    Size
    6,742 SF
    Lot size
    0.41 Acres
    Property subtype
    Business Opportunities

    We can help!

    Listing Contact
    Tom Puckett

    Listing agent Tom Puckett

    Listing office Realm Partners, LLC.

    Listing date Aug 24, 2021

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Realm Partners, LLC.

    HighLights

    • Established Steakhouse Business: Includes business name, equipment, liquor license, and existing clientele.
    • Prime Location: Highly sought‑after commercial location in Sandpoint, minutes from shopping, hotels, and City Beach.
    • Spacious Building: 6742 sqft with multi‑room dining, commercial kitchen, and multiple fireplaces.
    • Outdoor Amenities: .41 acre lot with private parking and a large shaded lounge deck.
    • Long‑Standing History: Family‑owned and operated since 1975, a piece of Sandpoint's history.
    • Includes 3 guest facilities.

    Overview

    This is an opportunity to acquire The Hydra Steakhouse & Lounge, a local restaurant established in 1975. The sale includes rights to the business name, equipment, liquor license, and existing clientele. The 6,742-square-foot building features multi-room dining areas and multiple fireplaces. A commercial-grade kitchen supports the restaurant operations. The property is situated on 0.41 acres and includes a private parking area and a large shaded lounge deck. The location is within minutes of 1st Avenue shopping, hotels, and City Beach. This property is positioned as a sought-after commercial location in Sandpoint.
    Location Intelligence

    Current Use by Public Records

    The Hydra Steakhouse Restaurant Sandcreek Lofts at Sandpoint ... Condominium Complex DM Vacations - Sandcreek ... Vacation Rental

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.548466
    Latitude
    48.272012

    Nearby Similar for Sale

    • $800,000
      2,791 SF

      Downtown Sandpoint Commercial Property

      Commercial property in downtown Sandpoint with parking and alley access.
      525 Cedar St, Sandpoint, ID 83864
      View Details
    • $1,800,000
      6,436 SF

      Boutique Motel in Downtown Sandpoint

      Landmark motel with 19 units near Lake Pend Oreille.
      501 N 4th Ave, Sandpoint, ID 83864
      View Details
    • $1,495,000
      5,600 SF

      Sandpoint Commercial Property For Sale

      Turnkey investment opportunity: profitable business with purpose-built facility.
      102 S Division Ave, Sandpoint, ID 83869
      View Details
    • $1,995,000
      4,704 SF

      Renovated Three-Duplex Multi-Family Property

      Newly renovated six-unit duplex package with attached garages and updated HVAC, roofs, and appliances.
      1713, 1715 MAIN St, Sandpoint, ID 83864
      View Details
    • $920,000
      2,340 SF

      Three-Unit Residential Income Property

      Newly built three-unit residence offers modern finishes, off-street parking, and flexible unit mix for income-focused ownership.
      1608 Cedar St, Sandpoint, ID 83864
      View Details
    • $2,650,000
      42,253 SF

      Turnkey Sandpoint Mobile Home Park

      17-space mobile home park with full occupancy and future upside.
      702 N Florence Ave, Sandpoint, ID 83864
      View Details
    • $185,000
      1,000 SF

      Self Storage Unit with High Ceilings

      Finished tall-storage unit designed for vehicle and equipment storage, with power, heat, Wi-Fi, and RV/boat hookup.
      4002 N Boyer Rd Unit 406, Sandpoint, ID 83864
      View Details
    • $290,000
      1,000 SF

      Self Storage Condo with RV Hookups

      Individually finished units with high ceilings and dedicated RV/boat power support secure long-term storage and warehousing.
      4002 N Boyer Rd Unit 110, Sandpoint, ID 83864
      View Details
    • $175,000
      1,000 SF

      Secured Storage Condo with RV Hookup

      Individually metered, fully finished unit with high ceilings, power, and a dedicated RV/boat hookup for versatile storage or warehousing.
      4002 N Boyer Rd Unit 513, Sandpoint, ID 83864
      View Details
    • $245,000
      1,000 SF

      Secured Storage Unit Facility

      Self-storage with finished units, high ceilings, and dedicated RV/boat hookups for flexible long-term use.
      4002 N Boyer Rd Unit 107, Sandpoint, ID 83864
      View Details
    • $1,495,000

      Turnkey Sandpoint Commercial Investment Opportunity

      Profitable business and purpose-built facility for sale in Sandpoint, ID.
      102 S Division Ave, Sandpoint, ID 83864
      View Details
    • $950,000
      3,174 SF

      Downtown Sandpoint Income Property

      Income-producing property near Schweitzer Mountain and Lake Pend Oreille.
      417 Pine St, Sandpoint, ID 83864
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Well-known restaurant with business, equipment, and liquor license included.
    Where is this conventional restaurant located?
    The property is located at 115 W Lake St. Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Established Steakhouse Business: Includes business name, equipment, liquor license, and existing clientele.; Prime Location: Highly sought‑after commercial location in Sandpoint, minutes from shopping, hotels, and City Beach.; Spacious Building: 6742 sqft with multi‑room dining, commercial kitchen, and multiple fireplaces.
    (208) 255-7772
    We can help!
    Listing Contact
    Tom Puckett
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    115 W Lake St., Sandpoint, ID 83864
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!