Restaurant Property with
For Sale
$1,695,000
611 E Seltice Way, Post Falls, ID 83854
Commercial Sale, Restaurant, Post Falls, ID
Property Size6,751 SF
Lot Size1.09 Acres
Price / SF$251.07
Days on Market127
Property Features for 611 E Seltice Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PF-CCS
Security features
Security System
Interior features
Storage, Cable Internet Available, High Speed Internet, Satellite, Handicap Restrooms
Exterior features
Lighting, Handicap Access
Basement
Crawl Space, None
Accessibility
Accessible Approach with Ramp
Subdivision
Post Falls
Lot features
Corner Lot, Level, Southern Exposure
View
City
Directions
West on Highway 95, Exit 6/Seltice Way, make a right on Seltice Way, property on right hand side on corner of Seltice and Brigger
Standard status
Active
APN
P5700003001A
Size
6,751 SF
Lot size
1.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Moeller Add To Pf, Lts 1, 2, 3, 7, 8, Ptn Vac Alley Block 3, Ptn Vac Rws & Vac Alley Pf Downtown Urd 2022 0350N05w
Tax Annual Amount
6923
Legal Description
Moeller Add To Pf, Lts 1, 2, 3, 7, 8, Ptn Vac Alley Block 3, Ptn Vac Rws & Vac Alley Pf Downtown Urd 2022 0350N05w
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1960
Building materials
Wood Siding, Aluminum Siding, Stone, Frame
Roof type
Composition, Aluminum
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Windermere/Coeur d'Alene Realty Inc · Windermere Real Estate
(208) 664-9221
Listed By:
Josh Suhr · License #SP31054
(208) 691-0390
Added: Apr 28
Changed: Aug 19
Last Checked: Sep 1 at 8:06AM
MLS# 26-4083
Copyright © 2026 Coeur d'Alene Multiple Listing Service. 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 restaurant property includes two distinct commercial areas within 6,751 square feet: a 2,382 SF full-service restaurant and a 4,369 SF bar. The building supports dining, entertainment, event hosting, storage, handicap restrooms, and accessible entry with a ramp. Construction includes wood and aluminum siding, stone, and frame components, with natural gas forced-air heating. Public water and sewer serve the property, which was built in 1960.
The approximately 1.09-acre site occupies a corner along Seltice Way in Post Falls, with a reported average traffic count of 17,000 daily. Exterior lighting, ample parking, and street presence are provided on the site. The property is zoned PF-CCS and includes cable availability, public utilities, and composition and aluminum roof materials.
The approximately 1.09-acre site occupies a corner along Seltice Way in Post Falls, with a reported average traffic count of 17,000 daily. Exterior lighting, ample parking, and street presence are provided on the site. The property is zoned PF-CCS and includes cable availability, public utilities, and composition and aluminum roof materials.
Key Highlights
- 6,751 SF property with separate 2,382 SF restaurant and 4,369 SF bar areas
- Approximately 1.09‑acre corner site along Seltice Way
- Reported average traffic count of 17,000 daily
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
$77,739
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
4.59%
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%
$1,554,780
$1.6M
Cap Rate 7%
$1,110,557
$1.1M
Cap Rate 9%
$863,767
$863.8K
Market Conditions
NOI Build-Up for 6,751 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
$107.7K $15.96/SF
− Vacancy
−$4.1K −$0.61/SF
EGI
$103.7K $15.35/SF
− OpEx
−$25.9K −$3.84/SF
NOI
$77.7K $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 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%
$1,554,780
Cap Rate 7%
$1,110,557
Cap Rate 9%
$863,767
Alternative Uses
Best Use
Specialty Retail
$1.11M
$971.7K – $1.30M
NOI $77,739 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,513 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property combines full-service dining with a separate bar area, plus space for entertainment and events.
Where is this conventional restaurant located?
The property is located at 611 E Seltice Way Post Falls, ID.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 6,751 SF property with separate 2,382 SF restaurant and 4,369 SF bar areas; Approximately 1.09‑acre corner site along Seltice Way; Reported average traffic count of 17,000 daily
