Self-Storage Facility with
New
For Sale
$121,500
1183 Exchange St. #Unit E-6, Boise, ID 83716
I-1-zoned storage property includes a shared clubhouse with kitchen, restrooms and ADA showers.
Property Size675 SF
Lot Size4.17 Acres
Price / SF$180
Days on Market4
Property Features for 1183 Exchange St. #Unit E-6
General Information
Standard status
Active
Size
675 SF
Lot size
4.17 Acres
Property subtype
Commercial
Zoning
I-1
Site & Location
Neighborhood
Southeast Boise
Additional Details
Self-Storage Units
82
Property Use
Self Storage
Amenities
clubhouse
kitchen
restrooms with full ADA showers
Building Details
Building Size
675 SF
Year Built
2023
Buildings
7
Listing Agency:
Lee & Associates Idaho LLC
(208) 343-2300
Listed By:
Jesse Young · License #AB26555
(208) 890-7020
Source:
Idahofarmandhome
Added: Oct 29
Last Checked: Oct 29 at 2:35PM
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 Lee & Associates Idaho LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this self-storage property spans 4.17 acres and comprises 82 units across 7 buildings, with approximately 75,143 square feet. The facility includes a clubhouse with a kitchen, 2 restrooms and ADA showers. Exterior walls have R-30 insulation, and each unit has a separate power meter. Units may accommodate HVAC or other electrical needs with a 100 amp panel; the source describes this panel as a possible addition. Garage door openers draw power from each building’s house panel.
The property is zoned I-1 and is described as minutes from I-84, the Micron Development and Lucky Peak Reservoir.
The property is zoned I-1 and is described as minutes from I-84, the Micron Development and Lucky Peak Reservoir.
Key Highlights
- Approximately 75,143 square feet across 82 units and 7 buildings
- 4.17‑acre site with I‑1 zoning
- Constructed in 2023; exterior walls have R‑30 insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,213
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,260
$144.3K
Cap Rate 7%
$103,043
$103.0K
Cap Rate 9%
$80,144
$80.1K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$9.3K $13.80/SF
− Vacancy
−$829 −$1.23/SF
EGI
$8.5K $12.57/SF
− OpEx
−$1.3K −$1.89/SF
NOI
$7.2K $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 Rate 5%
$144,260
Cap Rate 7%
$103,043
Cap Rate 9%
$80,144
Alternative Uses
Best Use
Warehouse
$103.0K
$90.2K – $120.2K
NOI $7,213 @ 7.0% cap · market cap 5.94%
Second Best
Self Storage
$91.4K
$80.0K – $106.6K
NOI $6,396 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$186.4K
$163.1K – $217.5K
NOI $13,049 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 83716, ID
21,583
Population
9,032
Households
2.4
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
1,039.1 sq mi
ZIP Area
21
Density / Sq Mi
$125,827
Median Household Income
$65,551
Median Earnings
$1,949
Median Rent
$573,300
Median Home Value
Market
Vacancy Rate% for Industrial in Boise, ID
Frequently Asked Questions
What type of property is this?
Self storage facility - I-1-zoned storage property includes a shared clubhouse with kitchen, restrooms and ADA showers.
Where is this self storage facility located?
The property is located at 1183 Exchange St. #Unit E-6 Boise, ID.
What is the asking price?
The asking price for this property is $121,500.
What are key features of this property?
This property features: Approximately 75,143 square feet across 82 units and 7 buildings; 4.17‑acre site with I‑1 zoning; Constructed in 2023; exterior walls have R‑30 insulation
