Iconic Restaurant Bar
For Sale
Contact for pricing
601 W APPLEWAY AVE, Coeur d Alene, ID 83815
Turnkey restaurant and bar established in 1977 on Appleway.
Property Size5,600 SF
Lot Size0.42 Acres
Price / SF$330.36
Days on Market886
Property Features for 601 W APPLEWAY AVE
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.42 Acres
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Beutler & Associates
Listed By:
Robert Reagan · License #ID
Source:
Crexi
Added: Apr 5, 2024
Changed: Aug 28
Last Checked: Sep 7 at 1:38AM
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 CENTURY 21 Beutler & Associates
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar has been in operation since 1977, presenting a significant opportunity for a new owner with potential for growth. The 5600 square foot building is situated on a 0.42-acre corner lot on Appleway. The building is in excellent condition and benefits from all city services. This property is suitable for bars, pubs, restaurants, and other commercial real estate ventures.
Key Highlights
- Established Restaurant Bar Operating Since 1977
- Turn‑Key Business Opportunity
- 5600 Sq. Ft. Building
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
$64,485
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
3.49%
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%
$1,289,700
$1.3M
Cap Rate 7%
$921,214
$921.2K
Cap Rate 9%
$716,500
$716.5K
Market Conditions
NOI Build-Up for 5,600 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
$89.4K $15.96/SF
− Vacancy
−$3.4K −$0.61/SF
EGI
$86.0K $15.35/SF
− OpEx
−$21.5K −$3.84/SF
NOI
$64.5K $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%
$1,289,700
Cap Rate 7%
$921,214
Cap Rate 9%
$716,500
Alternative Uses
Best Use
Specialty Retail
$921.2K
$806.1K – $1.07M
NOI $64,485 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,035 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,685
Businesses Nearby
203k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 32%
Home Improvements & Furnishings 16%
Groceries 4%
McDonald's
Dining
30,534 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
30,487 visits/mo
0.3 miles
Taco Bell
Dining
25,191 visits/mo
0.3 miles
Holiday Station Store
Shops & Services
12,556 visits/mo
0.3 miles
Arby's
Dining
11,753 visits/mo
0.1 miles
Demographics for 83815, ID
39,412
Population
17,031
Households
2.3
Avg Household Size
39
Median Age
33%
College-Educated
96%
High-School Grad
15.6 sq mi
ZIP Area
2,526
Density / Sq Mi
$77,139
Median Household Income
$39,257
Median Earnings
$1,445
Median Rent
$472,300
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.
Similar Off Market Nearby
- Paddy's Sports Bar — 601 West Appleway Ave., Coeur d'Alene, ID 83814
- The Growler Guys — 225 West Appleway Ave., Coeur d'Alene, ID 83814
- Sunset Bar — 122 E Appleway Ave, Coeur d'Alene, ID 83814
- Stylus Wine and Vinyl Bar — 2605 N 4th St Ste. 105, Coeur d'Alene, ID 83815
- Sand Trap Indoor Golf - Coeur d’Alene — 2930 N Government Wy, Coeur d'Alene, ID 83815
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey restaurant and bar established in 1977 on Appleway.
Where is this bar & pub located?
The property is located at 601 W APPLEWAY AVE Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Established Restaurant Bar Operating Since 1977; Turn‑Key Business Opportunity; 5600 Sq. Ft. Building
