Climate-Controlled Storage
New
For Sale
$335,000
186-823 N Highway 16, Eagle, ID 83616
Flexible storage space with epoxy flooring, electrical service, and water and sewer connections.
Property Size1,500 SF
Price / SF$223.33
Days on Market4
Property Features for 186-823 N Highway 16
General Information
Standard status
Active
Size
1,500 SF
Warehouse & Industrial
Power
30 amps
Voltage
220 V
Conditioned Warehouse
Yes
Additional Details
Utilities to Site
Yes
Listing Agency:
Desert Edge Commercial
(208) 570-9698
Listed By:
Kimberly Britton
(208) 901-1311
Source:
Exprealty
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 17 at 2:59AM
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 Desert Edge Commercial
Investment Insights
Based on property information with market context.
This self-storage unit provides approximately 1,500 square feet within a 30-by-50-foot configuration. Interior improvements include durable epoxy flooring and two mini-split systems for climate control. Dedicated electrical service includes a 220V/30-amp plug-in, while water and sewer connections extend into the unit and support consideration of a future bathroom addition.
The property is located at 186-823 N Highway 16 in Eagle, Idaho. The enclosed space can accommodate storage of vehicles, recreational equipment, business property, or personal belongings, subject to applicable requirements and approvals.
The property is located at 186-823 N Highway 16 in Eagle, Idaho. The enclosed space can accommodate storage of vehicles, recreational equipment, business property, or personal belongings, subject to applicable requirements and approvals.
Key Highlights
- Approximately 1,500 square feet in a 30' x 50' storage unit
- Two mini‑split systems provide year‑round climate control
- Dedicated electrical service with a 220V/30‑amp plug‑in
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
$16,029
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
4.78%
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%
$320,580
$320.6K
Cap Rate 7%
$228,986
$229.0K
Cap Rate 9%
$178,100
$178.1K
Market Conditions
NOI Build-Up for 1,500 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
$20.7K $13.80/SF
− Vacancy
−$1.8K −$1.23/SF
EGI
$18.9K $12.57/SF
− OpEx
−$2.8K −$1.89/SF
NOI
$16.0K $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 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%
$320,580
Cap Rate 7%
$228,986
Cap Rate 9%
$178,100
Alternative Uses
Best Use
Warehouse
$229.0K
$200.4K – $267.2K
NOI $16,029 @ 7.0% cap · market cap 4.78%
Second Best
Self Storage
$203.0K
$177.7K – $236.9K
NOI $14,213 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 83616, ID
33,311
Population
13,756
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
111.3 sq mi
ZIP Area
299
Density / Sq Mi
$118,013
Median Household Income
$58,728
Median Earnings
$1,752
Median Rent
$720,300
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 - Flexible storage space with epoxy flooring, electrical service, and water and sewer connections.
Where is this self storage facility located?
The property is located at 186-823 N Highway 16 Eagle, ID.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Approximately 1,500 square feet in a 30' x 50' storage unit; Two mini‑split systems provide year‑round climate control; Dedicated electrical service with a 220V/30‑amp plug‑in
