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    Drive-Thru Restaurant Opportunity Title is generated by Realmo AI

    1423 W Appleway Ave, Coeur d Alene, ID 83814

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    For Sale
    $2,200,000

    2,884 SF fast-food building with drive-thru in prime location.

    Type:Retail
    Property size:
    2,884 SF
    Price / SF:
    $762/SF
    Added:
    Nov 21, 2025
    Days on Market:
    192
    Last Refresh:
    May 8 at 10:06 pm

    Property Features for 1423 W Appleway Ave

    General Information

    Standard status
    Active
    Size
    2,884 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Guy D. Byrd, SIOR

    Listing agent Guy D. Byrd, SIOR License #WA #17968

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Guy D. Byrd, SIOR

    HighLights

    • High‑visibility location in a thriving retail center anchored by WinCo Foods, with significant daily traffic counts.
    • Rare opportunity to acquire a 2,884 SF fast‑food building with a fully operational drive‑thru.
    • Last available retail pad in the Crossroads Retail Shopping Center, offering drive‑thru potential.
    • Development‑ready pad with existing parking, curbs, sidewalks, and landscaping.
    • Ample seating (80 indoor, 38 outdoor) and parking (46 dedicated spaces plus reciprocal parking).
    • Located in a growing market (Coeur d'Alene) with increasing population and strong retail demand.

    Overview

    This is a rare opportunity to acquire a 2,884 SF fast-food building with a fully operational drive-thru. The building is located in the thriving Crossroads Retail Shopping Center, anchored by WinCo Foods. The building is now vacant, offering flexibility for an owner-operator or new tenant. This prime fast-food spot offers high visibility on West Appleway Avenue with 12,000+ daily vehicles and easy access to I-90 and Highway 95. The property features 80 indoor and 38 outdoor seats, plus 46 dedicated on-site parking spaces with additional reciprocal parking from the adjacent shopping center. It is surrounded by national retailers like WinCo, Starbucks, and MOD Pizza. This is the last retail pad available, complete with existing parking, curbs, sidewalks, and landscaping. It offers drive-thru potential. The location has excellent exposure from N Ramsey Rd (32,000+ daily vehicles) and N Appleway Ave (12,000+ daily vehicles). Coeur d'Alene's population is increasing at 1.88% per year, fueling strong retail demand. It is ideal for quick-service restaurants or drive-thru concepts in a growing, high-traffic area.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Chicken Shanty Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coeur d Alene
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.805
    Latitude
    47.7022

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    FAQs

    What type of property is this?
    Drive through restaurant - 2,884 SF fast-food building with drive-thru in prime location.
    Where is this drive through restaurant located?
    The property is located at 1423 W Appleway Ave Coeur d Alene, ID.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: High‑visibility location in a thriving retail center anchored by WinCo Foods, with significant daily traffic counts.; Rare opportunity to acquire a 2,884 SF fast‑food building with a fully operational drive‑thru.; Last available retail pad in the Crossroads Retail Shopping Center, offering drive‑thru potential.
    (509) 953-5109
    We can help!
    Listing Contact
    Guy D. Byrd, SIOR
    Real Estate License ID: WA #17968
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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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