Downtown Bar and Pub
New
For Sale
$1,500,000
298 D Street, Idaho Falls, ID 83402
Commercial Sale, Idaho Falls, ID
Property Size9,400 SF
Lot Size0.45 Acres
Price / SF$159.57
Days on Market1
Property Features for 298 D Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Zoning: If Commercial, Specific Zoning: Idaho Falls-Lc-Limited Commer
Rooms
Basement
Parking features
Parking Lot
Basement
Partial
Accessibility
Accessible Approach with Ramp
Directions
Use GPS for 298 D Street Idaho Falls, ID 83402
Standard status
Active
APN
RPA1980009007A
Size
9,400 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 7-9, BLOCK 9, RAILROAD NW1/4, SEC 19, T 2N, R 38 , RAILROAD Comme
Tax Annual Amount
6191
Legal Description
LOTS 7-9, BLOCK 9, RAILROAD NW1/4, SEC 19, T 2N, R 38 , RAILROAD Comme
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
on-site parking area
Building Details
Year built
1948
Building materials
Block, Block
Roof type
Membrane
Listing Agency:
Mountain Life Realty, dba MLR
(208) 982-0309
Listed By:
Kristen Andelin · License #56532
(208) 360-8850
Added: Sep 22
Last Checked: Sep 22 at 7:06PM
MLS# 2185604
Copyright © 2026 Snake River Regional MLS. 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 9,400-square-foot bar and pub property occupies approximately 0.45 acres and includes a basement, membrane roof, block construction, natural gas heating, and central air conditioning. The building was constructed in 1948 and has an on-site parking lot, providing dedicated parking within the downtown setting. An accessible approach with ramp supports entry to the property.
Located at 298 D Street in Idaho Falls, the property is served by public water and public sewer. The existing commercial building is identified for restaurant, retail, office, and entertainment uses, offering a range of possible operating formats within the established downtown area.
Located at 298 D Street in Idaho Falls, the property is served by public water and public sewer. The existing commercial building is identified for restaurant, retail, office, and entertainment uses, offering a range of possible operating formats within the established downtown area.
Key Highlights
- 9,400‑square‑foot commercial building on approximately 0.45 acres
- On‑site parking lot in downtown Idaho Falls
- Built in 1948 with block construction and a membrane roof
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
$111,355
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
7.42%
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%
$2,227,100
$2.2M
Cap Rate 7%
$1,590,786
$1.6M
Cap Rate 9%
$1,237,278
$1.2M
Market Conditions
NOI Build-Up for 9,400 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
$152.3K $16.20/SF
− Vacancy
−$3.8K −$0.41/SF
EGI
$148.5K $15.79/SF
− OpEx
−$37.1K −$3.95/SF
NOI
$111.4K $11.85/SF
Area
Bonneville County, ID
Vacancy
2.50%
Lease Rate
$16.20 /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%
$2,227,100
Cap Rate 7%
$1,590,786
Cap Rate 9%
$1,237,278
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,355 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,377 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
61k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Hotels & Casinos 20%
Applebee's
Dining
15,633 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
12,485 visits/mo
0.4 miles
KeyBank
Shops & Services
9,101 visits/mo
0.4 miles
Residence Inn Idaho Falls
Hotels & Casinos
5,499 visits/mo
0.5 miles
Hilton Garden Inn Idaho Falls
Hotels & Casinos
5,063 visits/mo
0.5 miles
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- R & R Bar — 195 S Eastern Ave, Idaho Falls, ID 83402
- That One Place Lounge (TOP) — 300 S Yellowstone Hwy, Idaho Falls, ID 83402
- Heads & Tails Distillery — 310 Park Ave, Idaho Falls, ID 83402
- New Ford's Bar — 444 A St, Idaho Falls, ID 83402
- The White Horse Bar — 545 Shoup Ave, Idaho Falls, ID 83402
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial building with on-site parking, basement space, central air, and access features including a ramped approach.
Where is this bar & pub located?
The property is located at 298 D Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,400‑square‑foot commercial building on approximately 0.45 acres; On‑site parking lot in downtown Idaho Falls; Built in 1948 with block construction and a membrane roof
