Turnkey Bar and Grill Corner
For Sale
$1,695,000
611 Seltice, Post Falls, ID 83854
Turnkey bar and grill on a high-visibility corner lot with separate full-service restaurant and bar spaces.
Property Size6,751 SF
Lot Size1.00 Acre
Price / SF$251.07
Days on Market102
Property Features for 611 Seltice
General Information
Standard status
Active
Size
6,751 SF
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Business Included
Yes
Traffic Count
17,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$6,922
Amenities
Garage: Paved
0.00
Paved
Building Details
Year Built
1960
Listing Agency:
Windermere/Coeur d'Alene Realty Inc
(208) 691-0390
Listed By:
Josh Suhr · License #31054
Source:
Clearwaterproperties
Added: May 14
Changed: Aug 23
Last Checked: Aug 23 at 8:01AM
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 Windermere/Coeur d'Alene Realty Inc
Investment Insights
Based on property information with market context.
This turnkey bar and grill is positioned on a high-visibility corner lot and includes two distinct revenue-generating spaces. The property contains a 2,382 SF full-service restaurant and a 4,369 SF bar, together totaling 6,751 SF of operating space designed to support dining and bar service.
Located along Seltice Way, a heavily traveled commercial corridor with an average traffic count of 17,000 daily, the site offers strong street presence and convenience for drive-up patrons. The property also includes ample parking.
With a combined setup that supports both restaurant and bar operations, the layout provides straightforward continuity for an owner looking to maintain the current concept, while also offering flexibility for future adjustments within the existing footprint.
Located along Seltice Way, a heavily traveled commercial corridor with an average traffic count of 17,000 daily, the site offers strong street presence and convenience for drive-up patrons. The property also includes ample parking.
With a combined setup that supports both restaurant and bar operations, the layout provides straightforward continuity for an owner looking to maintain the current concept, while also offering flexibility for future adjustments within the existing footprint.
Key Highlights
- Turnkey bar and grill on a high‑visibility corner lot along Seltice Way in Post Falls
- Average traffic count of 17,000 daily along Seltice Way
- Approx. 1‑acre lot with ample parking
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
Well-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.
Similar Off Market Nearby
- The Bunker Bar — 702 N Spokane St, Post Falls, ID 83854
- Snack Vault — 905 E 2nd Ave, Post Falls, ID 83854
- 99 Whiskey Lounge — Upstairs, 302 N Spokane St, Post Falls, ID 83854
- Republic Kitchen+Taphouse — 120 E 4th Ave, Post Falls, ID 83854
- The Filling Station Post Falls — 306 N Spokane St, Post Falls, ID 83854
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar and grill on a high-visibility corner lot with separate full-service restaurant and bar spaces.
Where is this bar & pub located?
The property is located at 611 Seltice 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: Turnkey bar and grill on a high‑visibility corner lot along Seltice Way in Post Falls; Average traffic count of 17,000 daily along Seltice Way; Approx. 1‑acre lot with ample parking
