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    Industrial Storage Condo Unit Title is generated by Realmo AI

    508 W GARWOOD Rd, Rathdrum, ID 83858

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    For Sale
    $132,000

    COMMERCIAL - Rathdrum, ID

    Property size:
    1,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $132/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 508 W GARWOOD Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    INDUSTRIAL
    Exterior features
    Lighting
    Basement
    None
    Standard status
    Active
    APN
    0L8180044170
    Size
    1,000 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Hl Exec Rv & Boat Condos Amend No 5, Bldg 4 Unit 417 Undiv Int In Common Area 2552N04w
    Tax Annual Amount
    463

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    2023
    Building materials
    Steel Siding, Steel Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kayla McCollor
    Kayla McCollor

    Listing agent Kayla McCollor License #SP40704

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

    Listing date Jun 5, 2026

    MLS# 26-5773

    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

    • Nearly new 20x50 commercial condo built in 2023
    • 26‑gauge metal roof and walls, steel frame with steel siding for durable, low‑maintenance construction
    • Epoxy floor coating plus 6 LED lights throughout the unit
    • Electrical includes a 100 amp box, 7 outlets, and one 220 RV outlet
    • 14x14 insulated garage door with opener and a separate man door
    • Complex features 24/7 gated access with video surveillance and a community clubhouse with kitchen and restroom

    Overview

    This nearly new 20x50 commercial condo is set up for storage with a durable, low-maintenance epoxy floor coating and a 14x14 insulated garage door with opener. The unit also includes a man door, a 100 amp box, and 7 electrical outlets, including one 220 RV outlet. Interior lighting is provided by six 8-foot LED lights. For exterior durability, the unit is built with 26-gauge metal on the roof and walls.

    The property is located at 508 W Garwood Rd in Rathdrum, Idaho, and is positioned for convenient access to the surrounding region, including Coeur d'Alene, Rathdrum, and Sandpoint. The complex features a community clubhouse with a kitchen and restroom, along with 24/7 gate access and video surveillance.

    Designed for flexible storage needs, the unit is well suited for boat and RV storage and can also serve as personal storage. With dedicated electrical support for RV use, the configuration offers a straightforward setup for operators or owners looking for an enclosed storage solution within an organized self-storage community.

    Local Financial Insights For Self Storage

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $13.2k $13.20
    − Vacancy −$726 −$0.73
    EGI $12.5k $12.47
    − OpEx −$3.7k −$3.74
    NOI $8.7k $8.73
    1,000 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $124.7K
    $109.2K – $145.5K (±1% cap)
    NOI $8,732 @ 7.0% cap · market cap 6.62%
    Second Best
    Industrial
    $85.3K
    $74.7K – $99.5K (±1% cap)
    NOI $5,972 @ 7.0% cap · market cap 4.52%
    Theoretical Best
    Office A
    $216.9K
    $189.8K – $253.1K (±1% cap)
    NOI $15,185 @ 7.0% cap · market cap 11.50%
    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.

    Location Insight

    • Map
    • Local Demand
    City
    Rathdrum
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.783222
    Latitude
    47.831152

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    FAQs

    What type of property is this?
    Self storage facility - Neat, nearly new storage condo with insulated garage door, epoxy flooring, and robust electrical support for boats and RVs.
    Where is this self storage facility located?
    The property is located at 508 W GARWOOD Rd Rathdrum, ID.
    What is the asking price?
    The asking price for this property is $132,000.
    What are key features of this property?
    This property features: Nearly new 20x50 commercial condo built in 2023; 26‑gauge metal roof and walls, steel frame with steel siding for durable, low‑maintenance construction; Epoxy floor coating plus 6 LED lights throughout the unit
    (208) 791-6005
    We can help!
    Listing Contact
    Kayla McCollor
    Kayla McCollor
    Real Estate License ID: SP40704
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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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