Climate-Controlled Storage
For Sale
$249,900
Eagle, ID 83616, Eagle, ID 83616
Commercial Sale, Eagle, ID
Property Size1,000 SF
Price / SF$249.90
Days on Market89
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
BP-DA
Standard status
Active
APN
R6960401000
Size
1,000 SF
Amenities
Climate control w/ smart thermostat
Fully insulated
Taped, textured and painted interiors
Luxury finishes
Fire sprinkler systems
Gated secure environment
Building Details
Year built
2026
Listing Agency:
Boise Premier Real Estate
(208) 639-0656
Listed By:
Bridger Beyer · License #5171375
(801) 440-1790
Added: Jun 17
Changed: Sep 13
Last Checked: Sep 13 at 11:06PM
MLS# 98990949
Copyright © 2026 Intermountain 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 condominium property is under construction for completion in 2026. Each 1,000-square-foot unit is designed with climate control, a smart thermostat, full insulation, and finished interior surfaces. Fire sprinkler systems are included, along with gated access for added site security.
The property is positioned near Hwy-55 and Old Horseshoe Bend Rd in Eagle, Idaho. The ownership format provides dedicated storage space within a planned condominium setting, with improvements intended for users seeking enclosed, protected space rather than conventional open storage.
The property is positioned near Hwy-55 and Old Horseshoe Bend Rd in Eagle, Idaho. The ownership format provides dedicated storage space within a planned condominium setting, with improvements intended for users seeking enclosed, protected space rather than conventional open storage.
Key Highlights
- 1,000‑square‑foot self‑storage condominium units
- Climate control with smart thermostat
- Fully insulated interiors with taped, textured, and painted surfaces
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
$10,686
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
4.28%
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%
$213,720
$213.7K
Cap Rate 7%
$152,657
$152.7K
Cap Rate 9%
$118,733
$118.7K
Market Conditions
NOI Build-Up for 1,000 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
$13.8K $13.80/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$12.6K $12.57/SF
− OpEx
−$1.9K −$1.89/SF
NOI
$10.7K $10.69/SF
Area
Ada County, ID
Vacancy
8.90%
Lease Rate
$13.80 /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%
$213,720
Cap Rate 7%
$152,657
Cap Rate 9%
$118,733
Alternative Uses
Best Use
Warehouse
$152.7K
$133.6K – $178.1K
NOI $10,686 @ 7.0% cap · market cap 4.28%
Second Best
Self Storage
$135.4K
$118.4K – $157.9K
NOI $9,475 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$276.2K
$241.7K – $322.2K
NOI $19,332 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 83616, ID
33,311
Population
13,756
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
111.3 sq mi
ZIP Area
299
Density / Sq Mi
$118,013
Median Household Income
$58,728
Median Earnings
$1,752
Median Rent
$720,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Under-construction ownership units include climate control, finished interiors, fire sprinklers, and gated access.
Where is this self storage facility located?
The property is located at Eagle, ID.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,000‑square‑foot self‑storage condominium units; Climate control with smart thermostat; Fully insulated interiors with taped, textured, and painted surfaces
