Established Bar in Valley,
For Sale
$399,000
Pending
3075 3rd Ave, Valley, WA 99181
COMMERCIAL - Valley, WA
Property Size1,135 SF
Lot Size0.08 Acres
Days on Market148
Property Features for 3075 3rd Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Elementary school
Verify
Middle school
Verify
High school
Verify
Elementary school district
Valley
Directions
From Spokane, head north on US-395 toward Colville approx. 30 miles. Turn left onto WA-231 N toward Valley/Springdale. Continue approx. 15 miles, then turn right onto 3rd Ave. Property is located in town at 3075 3rd Ave.
Standard status
Pending
APN
0514900
Size
1,135 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
985
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1928
Floors in Building
1
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 317-5197
Listed By:
Greg Church
(360) 339-5093
Added: Mar 26
Changed: Aug 4
Last Checked: Aug 20 at 2:06PM
MLS# 202615659
Copyright © 2026 Spokane Association 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.
Investment Insights
Based on property information with market context.
This is a fully stocked, ready-to-operate bar located in Valley, WA, minutes from Waits Lake and situated halfway between Spokane and Colville. The sale includes the building, land, established bar, an inviting beer garden, and all necessary equipment for continued operation. Liquor and food inventory are also included. The property features a functional layout with indoor seating and outdoor space suitable for events, live music, or expanded service. The business benefits from a strong community presence and dependable year-round regulars. The property size is 1135 square feet, situated on a lot of 0.0806 acres.
Key Highlights
- Turnkey bar business in Valley, WA, with liquor and food inventory included with the sale
- Sale includes the building, land, established bar, and all equipment needed to continue operations
- Includes indoor seating plus outdoor space/beer garden for events and live music
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
$13,775
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
3.45%
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%
$275,500
$275.5K
Cap Rate 7%
$196,786
$196.8K
Cap Rate 9%
$153,056
$153.1K
Market Conditions
NOI Build-Up for 1,135 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
$19.7K $17.40/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$18.4K $16.18/SF
− OpEx
−$4.6K −$4.05/SF
NOI
$13.8K $12.14/SF
Area
Stevens County, WA
Vacancy
7.00%
Lease Rate
$17.40 /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%
$275,500
Cap Rate 7%
$196,786
Cap Rate 9%
$153,056
Alternative Uses
Best Use
Specialty Retail
$196.8K
$172.2K – $229.6K
NOI $13,775 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.8K
$256.2K – $341.6K
NOI $20,498 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99181, WA
2,057
Population
1,110
Households
1.9
Avg Household Size
48
Median Age
15%
College-Educated
92%
High-School Grad
91.3 sq mi
ZIP Area
23
Density / Sq Mi
$59,167
Median Household Income
$28,688
Median Earnings
$873
Median Rent
$254,600
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
- The Valley Drop Tine Bar and Grill — 3075 3rd Ave, Valley, WA 99181
Frequently Asked Questions
What type of property is this?
Bar & Pub - Ready-to-operate bar with loyal clientele and outdoor beer garden.
Where is this bar & pub located?
The property is located at 3075 3rd Ave Valley, WA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Turnkey bar business in Valley, WA, with liquor and food inventory included with the sale; Sale includes the building, land, established bar, and all equipment needed to continue operations; Includes indoor seating plus outdoor space/beer garden for events and live music
