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    Restaurant and Bar with Living Space Title is generated by Realmo AI

    11 N 2nd Avenue, Haines, AK 99827

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    For Sale
    $875,000

    COMMERCIAL - Haines, AK

    Property size:
    7,655 SF
    Price / SF:
    $114/SF
    Added:
    Apr 18, 2025
    Days on Market:
    413
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 11 N 2nd Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Elevator(s), Extra Storage, Private Bathrooms, Skylight(s), ADA Improvements, Separate Entrance, Grease Separator
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active

    Utilities

    Heating system
    Baseboard, Radiant

    Building Details

    Flooring type
    Carpet, Wood floors, Laminate, Tile
    Building materials
    Wood Frame
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Erica Simpson
    Erica Simpson

    Listing agent Erica Simpson

    Listing office Real Broker, LLC Juneau Home Group 2 Marine Way STE 111, Eagle River, AK

    Listing date Apr 18, 2025

    MLS# 25360

    Copyright © 2026 Southeast Alaska 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

    • 4,655 sq ft restaurant and bar area with seating for 100 patrons in downtown Haines, Alaska
    • Additional 3,000 sq ft upper level for flexible residential or lodging use
    • Accessible features include an installed accessible elevator and ADA improvements
    • Restaurant‑support features include a grease separator, separate entrance, and private bathrooms
    • Wood frame construction with a metal roof
    • Heating includes baseboard and radiant heat; flooring includes laminate, carpet, wood floors, and tile

    Overview

    This property combines The Bamboo Room and Pioneer Bar in a single offering. The restaurant and bar area totals 4,655 square feet and is configured for seating of 100 patrons. An additional 3,000-square-foot upper level sits above the hospitality space.

    Located at 11 N 2nd Avenue in Haines, Alaska, the building is positioned in downtown Haines. It presents a live-and-work configuration, with the hospitality operation on the lower level and the upper level available for residential-style use.

    For an owner-operator, this layout allows day-to-day business use below while keeping a separate living area overhead. The upper level can be considered for an apartment, a bed & breakfast, or an owner’s residence, depending on how an interested buyer intends to use the property. The combination of an operating restaurant/bar setup and an independently purposed upper floor makes the building a practical fit for buyers seeking a consolidated hospitality-and-living footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Map

    City
    Haines
    County
    Haines
    State
    Alaska
    Longitude
    -135.445723
    Latitude
    59.235364

    FAQs

    What type of property is this?
    Bar & Pub - Restaurant and bar with 100-seat capacity and a separate upper level that can support residential use.
    Where is this bar & pub located?
    The property is located at 11 N 2nd Avenue Haines, AK.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 4,655 sq ft restaurant and bar area with seating for 100 patrons in downtown Haines, Alaska; Additional 3,000 sq ft upper level for flexible residential or lodging use; Accessible features include an installed accessible elevator and ADA improvements
    (907) 227-7370
    We can help!
    Listing Contact
    Erica Simpson
    Erica Simpson
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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
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