Listing Agency: eXp Realty, LLC g***@exprealty.com Show Phone

Listed By: Greg Church Show Phone

Source: Exprealty

Added: Mar 26 Changed: Aug 20 Last Checked: Aug 19 at 11:42AM

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Investment Insights

Based on property information with market context.

This for-sale package is a fully stocked, ready-to-operate bar designed for day-to-day use. The sale includes the building and land, the established bar, an inviting beer garden, and the equipment needed to continue operations. Liquor and food inventory are also included, creating a true plug-and-play setup for an owner-operator or an incoming operator. The layout supports both indoor seating and outdoor space for gatherings, including events and live music, as well as room to expand service.

The property is located at 3075 3rd Ave in Valley, Washington, just minutes from Waits Lake. It is positioned halfway between Spokane and Colville, offering an address that fits both local patronage and recreational area demand tied to the lake.

For buyers looking for an operating business with the core components already in place, this offering includes the key operational items along with the physical improvements for a bar and beer garden. The configuration provides flexible space for events and live music, supporting a range of programming within the existing indoor-and-outdoor setup. Schedule a private showing to review the included equipment and inventory and to confirm the details for continued operations.

Key Highlights

• Ready‑to‑operate bar in Valley, WA, with sale including the building, land, and established bar
• Includes inviting beer garden plus indoor seating and outdoor space for events or live music
• All equipment included to continue operations

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 (±1% cap)

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 (±1% cap)

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

The Valley Drop Tine ... Bar & Pub

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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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 includes building, land, seating, beer garden, equipment, and liquor and food inventory included.

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: Ready‑to‑operate bar in Valley, WA, with sale including the building, land, and established bar; Includes inviting beer garden plus indoor seating and outdoor space for events or live music; All equipment included to continue operations