Insulated Self-Storage Garage
For Sale
$249,000
17011 Tulip, Post Falls, ID 83854
Gated access, utility service, clubhouse access, and an on-site vehicle wash area support storage or light industrial operations.
Property Size931 SF
Price / SF$267.45
Days on Market21
Property Features for 17011 Tulip
General Information
Standard status
Active
Size
931 SF
Property subtype
Commercial
Warehouse & Industrial
Drive-In Doors
1
Power
100 amps
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$682
Amenities
private clubhouse
area to spray off outdoor vehicles
Garage: Paved
1.00
Paved
Building Details
Year Built
2023
Listing Agency:
EXP Realty
Listed By:
Donnie Wilkins · License #SP41244
(208) 717-7355
Source:
Clearwaterproperties
Added: Aug 17
Changed: Sep 5
Last Checked: Sep 5 at 8:43AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 20-by-50-foot garage condominium is designed for secure storage and light industrial operations. The insulated unit features epoxy flooring, a private bathroom, gas heat, and a 14-by-14-foot insulated overhead door with a remote opener.
Utility improvements include 100-amp electrical service, an RV/Boat outlet, six standard outlets, and six LED shop lights. The gated facility also provides an outdoor vehicle spray-off area and access to a private clubhouse, adding practical support for vehicle, equipment, or business-related storage.
Utility improvements include 100-amp electrical service, an RV/Boat outlet, six standard outlets, and six LED shop lights. The gated facility also provides an outdoor vehicle spray-off area and access to a private clubhouse, adding practical support for vehicle, equipment, or business-related storage.
Key Highlights
- 20‑by‑50‑foot insulated garage condominium
- 14‑by‑14‑foot insulated garage door with remote opener
- 100‑amp service with RV/Boat outlet
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
$8,129
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
3.26%
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%
$162,580
$162.6K
Cap Rate 7%
$116,129
$116.1K
Cap Rate 9%
$90,322
$90.3K
Market Conditions
NOI Build-Up for 931 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
$12.3K $13.20/SF
− Vacancy
−$676 −$0.73/SF
EGI
$11.6K $12.47/SF
− OpEx
−$3.5K −$3.74/SF
NOI
$8.1K $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%
$162,580
Cap Rate 7%
$116,129
Cap Rate 9%
$90,322
Alternative Uses
Best Use
Self Storage
$116.1K
$101.6K – $135.5K
NOI $8,129 @ 7.0% cap · market cap 3.26%
Second Best
Warehouse
$96.5K
$84.4K – $112.5K
NOI $6,752 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 5.68%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Gated access, utility service, clubhouse access, and an on-site vehicle wash area support storage or light industrial operations.
Where is this self storage facility located?
The property is located at 17011 Tulip Post Falls, ID.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 20‑by‑50‑foot insulated garage condominium; 14‑by‑14‑foot insulated garage door with remote opener; 100‑amp service with RV/Boat outlet
