Warehouse Condo with Roll-Up
For Sale
$95,000
498 W GARWOOD Rd, Rathdrum, ID 83858
Commercial Sale, Commercial Condo, Rathdrum, ID
Property Size733 SF
Lot Size0.06 Acres
Price / SF$129.60
Days on Market23
Property Features for 498 W GARWOOD Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LT INDUSTRIAL
Basement
None
Lot features
Level
View
Territorial
Directions
Hwy 95 North to Garwood Rd exit. Take the second exit at the roundabout to Pope Rd. Left onto Garwood Rd. Complex on the left. 498 W Garwood Rd
Subdivision
04 - Rathdrum/Twin Lakes
Standard status
Active
APN
035150022360
Size
733 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HL EXEC RV & BOAT CONDOS (AMENDED), UNIT 236 BLDG 2, UNDIV I NT IN COMMON AREA 2552N04W
Tax Annual Amount
310
Legal Description
HL EXEC RV & BOAT CONDOS (AMENDED), UNIT 236 BLDG 2, UNDIV I NT IN COMMON AREA 2552N04W
Amenities
clubhouse
owner bathrooms
gated
camera-secured
Building Details
Year built
2004
Building materials
Steel Siding, Steel Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Coldwell Banker Schneidmiller Realty · Coldwell Banker Real Estate
(800) 829-2555
Listed By:
Scott Kramer · License #SP49699
(509) 979-4644
Added: Aug 14
Changed: Aug 19
Last Checked: Sep 5 at 10:06PM
MLS# 26-8426
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 733-square-foot warehouse condo was built in 2004 and offers a 15'9'' x 48' interior footprint, durable concrete flooring, fluorescent lighting, and a manual 12x14 roll-up door. The unit also provides over 25 feet of rear ceiling height and 50 AMP electrical service. Steel siding, a steel frame, and a metal roof complete the structure.
The property is part of a fully paved, gated complex with camera security, an on-site clubhouse, and owner bathrooms. Its south-facing orientation and position just off Hwy 95 and Garwood Rd provide practical access for stored equipment and recreational vehicles. The property is zoned LT INDUSTRIAL and includes a 0.06-acre parcel.
The property is part of a fully paved, gated complex with camera security, an on-site clubhouse, and owner bathrooms. Its south-facing orientation and position just off Hwy 95 and Garwood Rd provide practical access for stored equipment and recreational vehicles. The property is zoned LT INDUSTRIAL and includes a 0.06-acre parcel.
Key Highlights
- 733 SF warehouse condo on a 0.06‑acre parcel
- 15'9'' x 48' unit with a south‑facing orientation
- Manual 12x14 roll‑up door and over 25ft rear ceiling height
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
$5,316
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
5.60%
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%
$106,320
$106.3K
Cap Rate 7%
$75,943
$75.9K
Cap Rate 9%
$59,067
$59.1K
Market Conditions
NOI Build-Up for 733 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
$6.6K $9.00/SF
− Vacancy
−$343 −$0.47/SF
EGI
$6.3K $8.53/SF
− OpEx
−$938 −$1.28/SF
NOI
$5.3K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$106,320
Cap Rate 7%
$75,943
Cap Rate 9%
$59,067
Alternative Uses
Best Use
Warehouse
$75.9K
$66.5K – $88.6K
NOI $5,316 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$159.0K
$139.1K – $185.5K
NOI $11,130 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83858, ID
17,113
Population
7,660
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
112.1 sq mi
ZIP Area
153
Density / Sq Mi
$93,006
Median Household Income
$38,717
Median Earnings
$1,244
Median Rent
$452,700
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse condo with secure gated access, concrete flooring, high ceilings, and dedicated electrical service.
Where is this warehouse located?
The property is located at 498 W GARWOOD Rd Rathdrum, ID.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 733 SF warehouse condo on a 0.06‑acre parcel; 15'9'' x 48' unit with a south‑facing orientation; Manual 12x14 roll‑up door and over 25ft rear ceiling height
