Heated Storage Garage
For Sale
$140,000
112-3100 W Dakota Ave, Hayden, ID 83835
Heated garage condo with an automatic high-clearance door for storing large RVs, boats, or trailers.
Property Size516 SF
Price / SF$271.32
Days on Market158
Property Features for 112-3100 W Dakota Ave
General Information
Standard status
Active
Size
516 SF
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$447
Amenities
on-site showers
restrooms
Listing Agency:
Berkshire Hathaway HomeServices Jacklin Real Estate
(208) 758-7474
Listed By:
Duane Oliver · License #SP39595
(208) 640-6773
Source:
Exprealty
Added: Apr 3
Changed: Sep 6
Last Checked: Sep 6 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Jacklin Real Estate
Investment Insights
Based on property information with market context.
GarageTown Hayden offers a heated, condo-style storage unit sized at 14' x 40' with a massive 14' high x 16' wide automatic door, designed for straightforward access to larger vehicles such as RVs, boats, or trailers.
The unit is located at 112-3100 W Dakota Ave in Hayden, Idaho. On-site amenities include showers and restrooms. The property’s HOA structure is also noted as covering insurance, snow removal, and maintenance, supporting a low-maintenance ownership experience for the garage condo.
The unit is located at 112-3100 W Dakota Ave in Hayden, Idaho. On-site amenities include showers and restrooms. The property’s HOA structure is also noted as covering insurance, snow removal, and maintenance, supporting a low-maintenance ownership experience for the garage condo.
Key Highlights
- Heated 516 SF garage condo (14' x 40') at GarageTown Hayden
- 14' high x 16' wide automatic door for storing large RVs, boats, or trailers
- On‑site showers and restrooms for owners
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
$4,506
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
3.22%
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%
$90,120
$90.1K
Cap Rate 7%
$64,371
$64.4K
Cap Rate 9%
$50,067
$50.1K
Market Conditions
NOI Build-Up for 516 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
$6.8K $13.20/SF
− Vacancy
−$375 −$0.73/SF
EGI
$6.4K $12.47/SF
− OpEx
−$1.9K −$3.74/SF
NOI
$4.5K $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%
$90,120
Cap Rate 7%
$64,371
Cap Rate 9%
$50,067
Alternative Uses
Best Use
Self Storage
$64.4K
$56.3K – $75.1K
NOI $4,506 @ 7.0% cap · market cap 3.22%
Second Best
Warehouse
$53.5K
$46.8K – $62.4K
NOI $3,742 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$111.9K
$97.9K – $130.6K
NOI $7,835 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
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 - Heated garage condo with an automatic high-clearance door for storing large RVs, boats, or trailers.
Where is this self storage facility located?
The property is located at 112-3100 W Dakota Ave Hayden, ID.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Heated 516 SF garage condo (14' x 40') at GarageTown Hayden; 14' high x 16' wide automatic door for storing large RVs, boats, or trailers; On‑site showers and restrooms for owners
