Remodeled Restaurant with
For Sale
$650,000
22001 Sweet Ola Hwy, Ola, ID 83657
Includes a two-bedroom apartment, updated equipment, and covered outdoor dining space.
Property Size2,986 SF
Price / SF$217.68
Days on Market8
Property Features for 22001 Sweet Ola Hwy
General Information
Standard status
Active
Size
2,986 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Amenities
Lot Features: 10000 SF - .49 Acre, Lot Size Acres: 0.26, Lot Size Area: 0.26, Lot Size Square Feet: 11325.6, Lot Size Units: Acres
Fencing: Partial
Tax Annual Amount: 608
Flooring: Concrete, Wood
Cooling: Central Air, Ductless, Cooling YN: t
Heating: Forced Air, Propane, Wood, Baseboard, Heating YN: t
Business Name: Ola Cafe, Business Type: Business Opportunity, Listing Id: 98996256, Listing Service: Full Service, Listing Terms: Cash, Conventional, List Price: 650000, Mls Status: Active, Number Of Units Total: 1, Standard Status: Active
Parking Features: 6 - 10 Spaces, Parking Facility, Parking Total: 8
Bedrooms Total: 2
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 2986, Building Area Units: Square Feet, Building Features: Lighting, Building Name: Ola Cafe, Construction Materials: Concrete, Frame, Wood Siding, Living Area: 2986, Living Area Units: Square Feet, Year Built: 1940
City: Ola, Coordinates: -116.29284933, 44.17870562, Country: US, County Or Parish: Gem, Directions: N on Hwy 52, W on Hwy 52 9 miles, N Sweet Ola Hwy 13 miles to Ola no cell service in OLA, Latitude: 44.17870562, Longitude: -116.29284933, Postal Code: 83657, State Or Province: ID, Street Name: Sweet Ola Hwy, Street Number: 22001, Street Number Numeric: 22001, Unparsed Address: 22001 Sweet Ola Hwy, Ola ID 83657
Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: RP10N01E260115, Possible Use: Retail Suitable(Restaurant/Bar, Free Standing Building), Property Type: Commercial Sale, Road Surface Type: Paved
Electric: 110 Volt, 220 Volts, Utilities: Propane
Water Source: Well
Exterior Features: Paved Outside Area
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Evans Realty, L.L.C.
(208) 365-8545
Listed By:
John Evans · License #AB19341
(208) 365-8545
Source:
Thgboise
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 6:52AM
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 Evans Realty, L.L.C.
Investment Insights
Based on property information with market context.
This conventional restaurant property combines a 2,114-square-foot dining operation with an attached 872-square-foot apartment containing two bedrooms and one bathroom. The restaurant was fully remodeled 1 year ago and includes new equipment, the building, land, and inventory. A covered 25x17 deck provides additional outdoor dining space.
Located at 22001 Sweet Ola Hwy in Ola, Idaho, the property serves a ranching, logging, and recreational community. The setting also draws destination customers from surrounding communities, with Boise approximately 1 hour away and summer recreational traffic associated with nearby Sage Hen Reservoir. The combined property size is 2,986 square feet.
Located at 22001 Sweet Ola Hwy in Ola, Idaho, the property serves a ranching, logging, and recreational community. The setting also draws destination customers from surrounding communities, with Boise approximately 1 hour away and summer recreational traffic associated with nearby Sage Hen Reservoir. The combined property size is 2,986 square feet.
Key Highlights
- 2,114‑square‑foot restaurant with attached 872‑square‑foot apartment
- Two‑bedroom, one‑bath apartment included with the restaurant
- Restaurant fully remodeled 1 year ago
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
$41,063
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
6.32%
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%
$821,260
$821.3K
Cap Rate 7%
$586,614
$586.6K
Cap Rate 9%
$456,256
$456.3K
Market Conditions
NOI Build-Up for 2,986 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
$57.3K $19.20/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$54.8K $18.34/SF
− OpEx
−$13.7K −$4.58/SF
NOI
$41.1K $13.75/SF
Area
Gem County, ID
Vacancy
4.50%
Lease Rate
$19.20 /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%
$821,260
Cap Rate 7%
$586,614
Cap Rate 9%
$456,256
Alternative Uses
Best Use
Specialty Retail
$586.6K
$513.3K – $684.4K
NOI $41,063 @ 7.0% cap · market cap 6.32%
Second Best
Mixed Use
$529.8K
$463.6K – $618.1K
NOI $37,086 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$755.3K
$660.9K – $881.2K
NOI $52,874 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83657, ID
194
Population
119
Households
1.6
Avg Household Size
51
Median Age
7%
College-Educated
100%
High-School Grad
167.5 sq mi
ZIP Area
1
Density / Sq Mi
$65,821
Median Household Income
$27,917
Median Earnings
$482,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a two-bedroom apartment, updated equipment, and covered outdoor dining space.
Where is this conventional restaurant located?
The property is located at 22001 Sweet Ola Hwy Ola, ID.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,114‑square‑foot restaurant with attached 872‑square‑foot apartment; Two‑bedroom, one‑bath apartment included with the restaurant; Restaurant fully remodeled 1 year ago
