Listing Agency: CENTURY 21 Beutler & Associates

Listed By: Robert Reagan · License #ID

Source: Crexi

Added: Apr 5, 2024 Changed: Oct 15 Last Checked: Oct 20 at 6:18PM

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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 / Yr

$64,485

Cap Rate

3.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,289,700 $1.3M

Cap Rate 7%

$921,214 $921.2K

Cap Rate 9%

$716,500 $716.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,600 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $85,035 @ 7.0% cap · market cap 4.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Paddy's Sports Bar Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store HVAC Service Mobile Phone Store Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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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