Heated Storage Garage
For Sale
$239,000
3100 W Dakota Avenue Unit #405, Hayden, ID 83835
Heated garage condo unit with extensive shelving and an oversized automatic overhead door for large vehicles.
Property Size1,152 SF
Price / SF$207.47
Days on Market158
Property Features for 3100 W Dakota Avenue Unit #405
General Information
Standard status
Active
Size
1,152 SF
Additional Details
Drive-In Doors
1
Amenities
common-area restrooms
common-area showers
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Jacklin Real Estate
Listed By:
Duane Oliver · License #SP39595
(208) 640-6773
Source:
Purewestrealestate
Added: Apr 3
Changed: Jul 22
Last Checked: Sep 6 at 3:49AM
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.
This heated storage garage unit is located within the GarageTown Hayden complex and features extensive shelving, along with a CMU firewall. Access is provided by an oversized automatic overhead door measuring approximately 14 feet high and 16 feet wide, with bright overhead lighting and multiple electrical outlets for practical day-to-day use.
The complex includes access to clean common-area restrooms and showers. The property is part of a garage condo community with HOA dues of $765 per year, which includes blanket property insurance, professional snow removal, and general complex maintenance.
Unit #405 is approximately sized at 24 by 48 feet and is designed to accommodate larger vehicles and storage needs within a controlled garage environment.
The complex includes access to clean common-area restrooms and showers. The property is part of a garage condo community with HOA dues of $765 per year, which includes blanket property insurance, professional snow removal, and general complex maintenance.
Unit #405 is approximately sized at 24 by 48 feet and is designed to accommodate larger vehicles and storage needs within a controlled garage environment.
Key Highlights
- Heated garage condo unit in GarageTown Hayden Complex, built in 2006
- Oversized automatic overhead door: 14 ft high and 16 ft wide for RVs, boats, trailers, and large vehicles
- Approx. 1,152 SF unit with extensive shelving plus bright overhead lighting and multiple electrical outlets
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
$10,059
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
4.21%
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%
$201,180
$201.2K
Cap Rate 7%
$143,700
$143.7K
Cap Rate 9%
$111,767
$111.8K
Market Conditions
NOI Build-Up for 1,152 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
$15.2K $13.20/SF
− Vacancy
−$836 −$0.73/SF
EGI
$14.4K $12.47/SF
− OpEx
−$4.3K −$3.74/SF
NOI
$10.1K $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%
$201,180
Cap Rate 7%
$143,700
Cap Rate 9%
$111,767
Alternative Uses
Best Use
Self Storage
$143.7K
$125.7K – $167.7K
NOI $10,059 @ 7.0% cap · market cap 4.21%
Second Best
Warehouse
$119.4K
$104.4K – $139.3K
NOI $8,355 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$249.9K
$218.7K – $291.6K
NOI $17,493 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Well-served
Demand for This Use
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?
Parking lot & garage - Heated garage condo unit with extensive shelving and an oversized automatic overhead door for large vehicles.
Where is this parking lot & garage located?
The property is located at 3100 W Dakota Avenue Unit #405 Hayden, ID.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Heated garage condo unit in GarageTown Hayden Complex, built in 2006; Oversized automatic overhead door: 14 ft high and 16 ft wide for RVs, boats, trailers, and large vehicles; Approx. 1,152 SF unit with extensive shelving plus bright overhead lighting and multiple electrical outlets
