Gated Self Storage
New
For Sale
$250,000
16989 TULIP, Post Falls, ID 83854
Insulated garage condominium with dedicated power, climate equipment, smart controls, and shared clubhouse amenities.
Property Size1,250 SF
Price / SF$200
Days on Market3
Property Features for 16989 TULIP
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Warehouse & Industrial
Drive-In Doors
1
Power
100 amps
Three-Phase Power
No
Additional Details
Fenced Yard
Yes
Amenities
24-7 access
video surveillance security system
private restrooms
clubhouse
pool table
virtual golf
dartboard
office suites
conference room
kitchenette
Garage: Paved
0.00
Paved
Building Details
Year Built
2026
Listing Agency:
Coldwell Banker Schneidmiller Realty
(208) 659-6527
Listed By:
Greg Rowley · License #SP39746
Source:
Clearwaterproperties
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 4:18AM
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 Coldwell Banker Schneidmiller Realty
Investment Insights
Based on property information with market context.
This self-storage condominium offers a 1,250-square-foot insulated garage with a 16-by-14-foot steel overhead door, remote operation, LED lighting, and a 100-amp single-phase electrical service. The unit includes a dedicated circuit, 50-amp RV and boat outlets, a 100-inch ceiling fan, and a natural gas 125,000 BTU heater. Individual smart technology supports controlled unit access and monitoring. Floor coating, paint, a vehicle lift, and mezzanine or loft additions are available as customization options.
The gated property at 16989 Tulip in Post Falls, Idaho, provides 24-hour access, video surveillance, paved exterior areas, private restrooms, and a shared clubhouse. Clubhouse features include a pool table, virtual golf, dartboard, office suites, conference room, and kitchenette. Units may also be combined into larger drive-through or wide configurations. The space is suited to vehicle, boat, RV, hobby, and light industrial storage, as well as investment use. Built in 2026.
The gated property at 16989 Tulip in Post Falls, Idaho, provides 24-hour access, video surveillance, paved exterior areas, private restrooms, and a shared clubhouse. Clubhouse features include a pool table, virtual golf, dartboard, office suites, conference room, and kitchenette. Units may also be combined into larger drive-through or wide configurations. The space is suited to vehicle, boat, RV, hobby, and light industrial storage, as well as investment use. Built in 2026.
Key Highlights
- 1,250‑square‑foot fully insulated garage condominium
- 16‑by‑14‑foot insulated steel overhead door with remote opener
- 100‑amp single‑phase service with dedicated circuit and 50‑amp RV/boat 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
$10,915
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
4.37%
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%
$218,300
$218.3K
Cap Rate 7%
$155,929
$155.9K
Cap Rate 9%
$121,278
$121.3K
Market Conditions
NOI Build-Up for 1,250 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
$16.5K $13.20/SF
− Vacancy
−$908 −$0.73/SF
EGI
$15.6K $12.47/SF
− OpEx
−$4.7K −$3.74/SF
NOI
$10.9K $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%
$218,300
Cap Rate 7%
$155,929
Cap Rate 9%
$121,278
Alternative Uses
Best Use
Self Storage
$155.9K
$136.4K – $181.9K
NOI $10,915 @ 7.0% cap · market cap 4.37%
Second Best
Warehouse
$129.5K
$113.3K – $151.1K
NOI $9,065 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$271.2K
$237.3K – $316.4K
NOI $18,981 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
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 - Insulated garage condominium with dedicated power, climate equipment, smart controls, and shared clubhouse amenities.
Where is this self storage facility located?
The property is located at 16989 TULIP Post Falls, ID.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,250‑square‑foot fully insulated garage condominium; 16‑by‑14‑foot insulated steel overhead door with remote opener; 100‑amp single‑phase service with dedicated circuit and 50‑amp RV/boat outlets
