Self-Storage Facility with Expansion
For Sale
$1,300,000
1405 W Half Moon Rd, Colbert, WA 99005
Commercial Sale, Warehouse, Colbert, WA
Property Size14,120 SF
Lot Size9.44 Acres
Price / SF$92.07
Days on Market72
Property Features for 1405 W Half Moon Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
STA
Security features
Security System
Exterior features
Lighting
Fencing
Fenced
Lot features
Open Lot, Level
View
Territorial
Directions
395 North to Half Moon Rd, 1/4 of a mile to the west; property on south side of road.
Subdivision
Washington Counties
Standard status
Active
APN
37072.9030
Size
14,120 SF
Lot size
9.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
07-27-43 PTN NW1/4: W1/2 OF W1/2 OF GOV LOT 1 EXC HALF MOON RD (PARCEL A, ROS AFN 5567675)
Tax Annual Amount
8762
Legal Description
07-27-43 PTN NW1/4: W1/2 OF W1/2 OF GOV LOT 1 EXC HALF MOON RD (PARCEL A, ROS AFN 5567675)
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Water source
Well
Building Details
Year built
2016
Building materials
Steel Siding, Pole
Roof type
Metal
Architectural style
Other
Additional Structures
Workshop
Listing Agency:
eXp Realty
(208) 890-7776
Listed By:
Collin Kelley · License #SP39766
(208) 597-3700
Added: Aug 6
Changed: Oct 15
Last Checked: Oct 16 at 6:06AM
MLS# 26-10239
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.
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Investment Insights
Based on property information with market context.
This self-storage property covers 9.44 acres and contains 14,120 square feet of storage space. The mix includes a 3,600-square-foot building, an 1,800-square-foot unit and 24 storage units of approximately 300 square feet each. Built in 2016, the improvements feature steel siding, pole construction and metal roofing. The property is fenced and has lighting, electric heat, a well and a septic system. Zoning is STA, and permits are in place for additional expansion.
Key Highlights
- 9.44‑acre self‑storage property with permits for additional expansion
- 14,120 square feet of property area
- Includes a 3,600 SF building and an 1,800 SF unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,836
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,720
$2.0M
Cap Rate 7%
$1,411,943
$1.4M
Cap Rate 9%
$1,098,178
$1.1M
Market Conditions
NOI Build-Up for 14,120 SF
Gross rent
$127.1K $9.00/SF
− Vacancy
−$10.8K −$0.77/SF
EGI
$116.3K $8.24/SF
− OpEx
−$17.4K −$1.24/SF
NOI
$98.8K $7.00/SF
Area
Spokane County, WA
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,720
Cap Rate 7%
$1,411,943
Cap Rate 9%
$1,098,178
Alternative Uses
Best Use
Self Storage
$1.77M
$1.55M – $2.07M
NOI $123,945 @ 7.0% cap · market cap 9.53%
Second Best
Warehouse
$1.41M
$1.24M – $1.65M
NOI $98,836 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$3.26M
$2.85M – $3.81M
NOI $228,392 @ 7.0% cap · market cap 17.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 99005, WA
10,253
Population
3,656
Households
2.8
Avg Household Size
42
Median Age
36%
College-Educated
97%
High-School Grad
39.6 sq mi
ZIP Area
259
Density / Sq Mi
$123,259
Median Household Income
$49,775
Median Earnings
$1,185
Median Rent
$488,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Storage space is fully occupied, with permits in place for additional development.
Where is this self storage facility located?
The property is located at 1405 W Half Moon Rd Colbert, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 9.44‑acre self‑storage property with permits for additional expansion; 14,120 square feet of property area; Includes a 3,600 SF building and an 1,800 SF unit
