Insulated Self Storage
For Sale
$249,000
17011 W Tulip Ct, Post Falls, ID 83854
COMMERCIAL - Post Falls, ID
Property Size931 SF
Lot Size0.06 Acres
Price / SF$267.45
Days on Market28
Property Features for 17011 W Tulip Ct
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LightIndustrial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Security features
Security System
Interior features
Handicap Facility, 3 Phase Power, Handicap Restrooms
Exterior features
Lighting, Handicap Access, Sprinkler System
Fencing
Fenced
Basement
None
Accessibility
Accessible Approach with Ramp
Lot features
Irregular Lot, Landscaped, Level, Cul-De-Sac
View
Territorial
Directions
Pleasant View, left at the roundabout, onto Prairie Ave, Left onto Kira, Right onto Tulip Court , Right side to Private Gated entry.
Subdivision
02 - Post Falls
Standard status
Active
APN
0L67800A0050
Size
931 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Locked And Loaded Garage Condos, Unit 5 Bldg A & Undiv Interest In Common Area 3051N05w
Tax Annual Amount
682
Legal Description
Locked And Loaded Garage Condos, Unit 5 Bldg A & Undiv Interest In Common Area 3051N05w
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Amenities
gated
highly secured
bathroom
gas heat
RV/Boat outlet
outdoor vehicle wash area
private clubhouse
Building Details
Year built
2023
Building materials
Steel Siding, Steel Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
eXp Realty
(888) 452-7689
Listed By:
Donnie Wilkins · License #SP41244
(208) 717-7355
Added: Jul 28
Changed: Aug 15
Last Checked: Aug 24 at 8:06AM
MLS# 26-7740
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This self storage garage condo was built in 2023 with an insulated interior, epoxy flooring, gas heat, a bathroom, and a remotely operated insulated garage door. The unit includes 100 amp service, an RV/Boat outlet, six standard outlets, and six LED shop lights. Light industrial zoning supports storage and compatible business use.
The property is enclosed by fencing and includes a designated area for rinsing outdoor vehicles before storage. Ownership also includes access to a private clubhouse. Additional building features include steel siding, a steel frame, a metal roof, public sewer, forced-air heating, natural gas, lighting, sprinkler equipment, and an accessible approach with ramp.
The property is enclosed by fencing and includes a designated area for rinsing outdoor vehicles before storage. Ownership also includes access to a private clubhouse. Additional building features include steel siding, a steel frame, a metal roof, public sewer, forced-air heating, natural gas, lighting, sprinkler equipment, and an accessible approach with ramp.
Key Highlights
- 2023‑built insulated garage condo with epoxy flooring and gas heat
- 100 amp service with RV/Boat outlet, 6 regular outlets, and 6 LED shop lights
- 14x14 insulated garage door with remote‑operated opener
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
$8,129
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
3.26%
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%
$162,580
$162.6K
Cap Rate 7%
$116,129
$116.1K
Cap Rate 9%
$90,322
$90.3K
Market Conditions
NOI Build-Up for 931 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
$12.3K $13.20/SF
− Vacancy
−$676 −$0.73/SF
EGI
$11.6K $12.47/SF
− OpEx
−$3.5K −$3.74/SF
NOI
$8.1K $8.73/SF
Area
Kootenai County, ID
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$162,580
Cap Rate 7%
$116,129
Cap Rate 9%
$90,322
Alternative Uses
Best Use
Self Storage
$116.1K
$101.6K – $135.5K
NOI $8,129 @ 7.0% cap · market cap 3.26%
Second Best
Warehouse
$96.5K
$84.4K – $112.5K
NOI $6,752 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Gated garage condo with dedicated utilities, vehicle service features, and access to a private clubhouse.
Where is this self storage facility located?
The property is located at 17011 W Tulip Ct Post Falls, ID.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2023‑built insulated garage condo with epoxy flooring and gas heat; 100 amp service with RV/Boat outlet, 6 regular outlets, and 6 LED shop lights; 14x14 insulated garage door with remote‑operated opener
