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    Versatile Commercial Storage Unit Title is generated by Realmo AI

    498 W GARWOOD Rd, Rathdrum, ID 83858

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    For Sale
    $99,900

    COMMERCIAL - Rathdrum, ID

    Property size:
    733 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $136/SF
    Added:
    Mar 16, 2026
    Days on Market:
    69
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for 498 W GARWOOD Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LIGHT INDUSTR.
    Exterior features
    Lighting, Sprinkler System
    Basement
    None
    Standard status
    Active
    APN
    035150011130
    Size
    733 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HL EXEC RV & BOAT CONDOS (AMENDED), UNIT 113 BLDG 1, UNDIV INT IN COMMON AREA
    Tax Annual Amount
    310

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    2004
    Building materials
    Steel Siding, Steel Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Krista Parks
    Krista Parks

    Listing agent Krista Parks License #SP41180

    Listing office Coldwell Banker Schneidmiller Realty 1924 Northwest Blvd, Coeur D'Alene, ID

    Listing date Mar 16, 2026

    MLS# 26-2313

    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.

    HighLights

    • Versatile 47' x 15.6' commercial storage unit suitable for personal, business, or investment purposes.
    • Features a 12' x 14' roll‑up door and 50 AMP RV/boat outlet ideal for RV, boat, and recreational storage.
    • Rear ceiling height exceeds 25 feet, allowing for lifts, mezzanines, or expanded storage.
    • Benefit from 24‑hour security and gated access.
    • Property is equipped with a fire sprinkler system for safety.
    • Includes timed lighting system, snow removal, and clubhouse access.

    Overview

    This commercial storage unit, measuring 47' x 15.6' (733 square feet), offers space, security, and flexibility. It is located in Rathdrum, Kootenai County, Idaho. The unit is suitable for personal use, business needs, or as an investment. It features a 12' x 14' roll-up door and a 50 AMP RV/boat outlet, making it suitable for RV, boat, and recreational storage. The rear ceiling height exceeds 25 feet, providing vertical space for lifts, mezzanines, racking, or expanded storage. The property includes a timed lighting system, gated access, 24-hour security, a fire sprinkler system, snow removal, and clubhouse access. The zoning is LIGHT INDUSTR. The lot size is 0.11 acres. It is suitable for boat or RV storage, warehouse use, or as an income-producing investment.

    Financial Insights

    Value Estimation Calculated for Self Storage

    Conservative
    $71.1K
    NOI $6,400 @ 9.00% cap · cautious / downside scenario
    Moderate
    $91.4K
    NOI $6,400 @ 7.00% cap · market / base-case scenario
    Aggressive
    $128.0K
    NOI $6,400 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Self Storage

    Component $ $/SF
    Gross rent $9.7k $13.20
    − Vacancy −$532 −$0.73
    EGI $9.1k $12.47
    − OpEx −$2.7k −$3.74
    NOI $6.4k $8.73
    733 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Self Storage
    $91.4K
    $80.0K – $106.7K (±1% cap)
    NOI $6,400 @ 7.0% cap · market cap 6.41%
    Second Best
    Warehouse
    $75.9K
    $66.5K – $88.6K (±1% cap)
    NOI $5,316 @ 7.0% cap · market cap 5.32%
    Theoretical Best
    Office A
    $159.0K
    $139.1K – $185.5K (±1% cap)
    NOI $11,130 @ 7.0% cap · market cap 11.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom HVAC Service Storage Facility Furniture & Home Goods Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • CF Outdoor Auto, Boat and RV Storage — 18434 n pope rd, hayden, id 83835
    • CF Outdoor Storage — 18434 N Pope Rd, Hayden, ID 83835
    • Alpine Storage and RV — 17611 N Pope Rd, Hayden, ID 83835

    Location Insight

    • Map
    • Local Demand
    City
    Rathdrum
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.7813819
    Latitude
    47.8316204

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    FAQs

    What type of property is this?
    Warehouse - Commercial storage unit with security, flexibility, and investment potential.
    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 $99,900.
    What are key features of this property?
    This property features: Versatile 47' x 15.6' commercial storage unit suitable for personal, business, or investment purposes.; Features a 12' x 14' roll‑up door and 50 AMP RV/boat outlet ideal for RV, boat, and recreational storage.; Rear ceiling height exceeds 25 feet, allowing for lifts, mezzanines, or expanded storage.
    (208) 290-1313
    We can help!
    Listing Contact
    Krista Parks
    Krista Parks
    Real Estate License ID: SP41180
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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