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    Turnkey Bar and Restaurant Opportunity Title is generated by Realmo AI

    Ida State Line Road, Ida, LA 71044

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    Claim this Listing
    For Sale
    $200,000

    COMMERCIAL - Ida, LA

    Lot size:
    1.20 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    73
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for Ida State Line Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    231510-003-0019-00
    Lot size
    1.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Adam Lytle
    Adam Lytle

    Listing agent Adam Lytle License #0995687987

    Listing office Berkshire Hathaway HomeServices Ally Real Estate Bossier City, LA

    Listing date Mar 24, 2026

    MLS# 21063461

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mike’s Place Bar built out in 2023 and described as practically brand new from top to bottom
    • Fully equipped for operation: everything shown stays, including stocked products ready to sell
    • On‑site features include pool tables with a built‑in lease, a small karaoke stage, and video poker machines
    • Metal roof with metal siding and concrete construction; concrete flooring
    • Cooling provided by window unit(s)
    • Utilities include public water and public sewer

    Overview

    This turnkey bar and restaurant was built out in 2023 and is presented as fully “ready to step in” with a complete setup. The property is described as practically brand new from top to bottom, with everything the buyer would need included, down to the stocked products ready for sale. Entertainment amenities include pool tables with a built-in lease, a small karaoke stage, and video poker machines, supporting an active, guest-driven concept.

    Located just off the interstate in Ida, Louisiana, the listing emphasizes strong visibility and convenient drive-up appeal, with signage cited as a way to capture passing traffic. The expansive parking lot is positioned to handle larger gatherings, whether for planned events or busy weekend nights.

    For an operator, this is a straightforward fit for a buyer looking to continue running the established bar format with minimal disruption, leveraging the included equipment and existing customer base referenced in the marketing. For another business plan, the same built-out venue and event-ready setup may also support a new concept, including community-style programming and recurring gatherings, while retaining the flexibility of a large on-site parking field.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Similar Places Nearby

    • Mike's Place — 7318 Ida State Line Rd, Ida, LA 71044

    Map

    City
    Ida
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.901663
    Latitude
    33.00623

    FAQs

    What type of property is this?
    Bar & Pub - Practically new bar built out in 2023, fully equipped and ready to operate with entertainment features and ample parking.
    Where is this bar & pub located?
    The property is located at Ida State Line Road Ida, LA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Mike’s Place Bar built out in 2023 and described as practically brand new from top to bottom; Fully equipped for operation: everything shown stays, including stocked products ready to sell; On‑site features include pool tables with a built‑in lease, a small karaoke stage, and video poker machines
    (318) 231-2000
    We can help!
    Listing Contact
    Adam Lytle
    Adam Lytle
    Real Estate License ID: 0995687987
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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.

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