Building Details

Year Built 1947

Listing Agency: Heart and Homes Northwest Realty

Listed By: Will & Laura Realty · License #SP46329/SP46307 Show Phone

Source: Clearwaterproperties

Added: Aug 30 Changed: Oct 16 Last Checked: Oct 16 at 8:51AM

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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 Heart and Homes Northwest Realty

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Investment Insights

Based on property information with market context.

This mixed-use property includes a 2,304-square-foot store and a 1,080-square-foot upstairs apartment with two bedrooms and one bathroom. The retail space conveys with current store inventory and equipment, including a walk-in beverage cooler, shelving, racks, freezers, coolers, a register, security equipment, and a firewood box. Additional leased items may be continued subject to available lease information.

Building improvements include updated paint, siding, electrical work, insulation, roofing, and windows. The residence has an outdoor balcony oriented toward Lake Pend Oreille and the town docks serving boats and float homes. Constructed in 1947, the property is zoned Commercial and is located at 34135 N Main Street in Bayview, Idaho.

Key Highlights

• 2,304 sq.ft. retail store with current inventory and equipment
• 1,080 sq.ft. upstairs apartment with 2 bedrooms and 1 bathroom
• Outdoor balcony facing Lake Pend Oreille and town docks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,967

Cap Rate

5.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$779,340 $779.3K

Cap Rate 7%

$556,671 $556.7K

Cap Rate 9%

$432,967 $433.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,384 SF

Gross rent

$54.0K $15.96/SF

− Vacancy

−$2.1K −$0.61/SF

EGI

$52.0K $15.35/SF

− OpEx

−$13.0K −$3.84/SF

NOI

$39.0K $11.52/SF

Area

Kootenai County, ID

Vacancy

3.80%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$779,340

Cap Rate 7%

$556,671

Cap Rate 9%

$432,967

Alternative Uses

Best Use

Specialty Retail

$556.7K

$487.1K – $649.5K (±1% cap)

NOI $38,967 @ 7.0% cap · market cap 5.20%

Second Best

Mixed Use

$505.8K

$442.6K – $590.1K (±1% cap)

NOI $35,405 @ 7.0% cap · market cap 4.72%

Theoretical Best

Office A

$734.1K

$642.3K – $856.4K (±1% cap)

NOI $51,385 @ 7.0% cap · market cap 6.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Restaurant Food Market

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

1

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

53

Businesses Nearby

Explore this area Business Placement

Demographics for 83803, ID

764

Population

642

Households

1.2

Avg Household Size

57

Median Age

51%

College-Educated

100%

High-School Grad

125.0 sq mi

ZIP Area

6

Density / Sq Mi

$59,307

Median Household Income

$38,472

Median Earnings

$661,200

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercially zoned property combines a retail operation with two-bedroom living space.

Where is this mixed-use property located?

The property is located at 34135 Main Bayview, ID.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 2,304 sq.ft. retail store with current inventory and equipment; 1,080 sq.ft. upstairs apartment with 2 bedrooms and 1 bathroom; Outdoor balcony facing Lake Pend Oreille and town docks