Climate-Controlled Storage
For Sale
$245,000
2007 S Saturn Way, Boise, ID 83709
Commercial Sale, Boise, ID
Property Size1,012 SF
Price / SF$242.09
Days on Market34
Property Features for 2007 S Saturn Way
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
R5201231380
Size
1,012 SF
Taxes and HOA fees
Tax Description
Unit 707 Bldg 07 Leightons Glen Condo
Legal Description
Unit 707 Bldg 07 Leightons Glen Condo
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
clubhouse with kitchenette, dining, lounging room, media center, restrooms, showers
security camera system
air station
RV dump station with water service
Building Details
Year built
2023
Flooring type
Concrete
Building materials
Steel Siding, Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Erich Hamm · License #SP43964
(208) 488-2552
Added: Aug 12
Changed: Sep 13
Last Checked: Sep 14 at 2:06AM
MLS# 98997169
Copyright © 2026 Intermountain 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.
Investment Insights
Based on property information with market context.
This 1,012-square-foot self-storage unit is located in Building 7 and is designed for enclosed vehicle, equipment, hobby, or workshop storage. The 24-by-45-foot space is fully insulated and climate controlled, with epoxy flooring, 14-foot electric roll-up doors, and 18-foot ceilings. Electric heating and window or wall-mounted cooling are provided, and the building was constructed in 2023.
The fully fenced property includes security cameras, an air station, and an RV dump station with water service. Shared clubhouse facilities include a kitchenette, dining area, lounge with media center, and restrooms with showers. The unit is at 2007 S Saturn Way in Boise, Idaho, 83709.
The fully fenced property includes security cameras, an air station, and an RV dump station with water service. Shared clubhouse facilities include a kitchenette, dining area, lounge with media center, and restrooms with showers. The unit is at 2007 S Saturn Way in Boise, Idaho, 83709.
Key Highlights
- 1,012‑square‑foot climate‑controlled storage unit in Building 7
- 24‑by‑45‑foot interior with 18‑foot ceilings
- Two 14‑foot electric roll‑up doors
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
$10,814
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
4.41%
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%
$216,280
$216.3K
Cap Rate 7%
$154,486
$154.5K
Cap Rate 9%
$120,156
$120.2K
Market Conditions
NOI Build-Up for 1,012 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
$14.0K $13.80/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$12.7K $12.57/SF
− OpEx
−$1.9K −$1.89/SF
NOI
$10.8K $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%
$216,280
Cap Rate 7%
$154,486
Cap Rate 9%
$120,156
Alternative Uses
Best Use
Warehouse
$154.5K
$135.2K – $180.2K
NOI $10,814 @ 7.0% cap · market cap 4.41%
Second Best
Self Storage
$137.0K
$119.9K – $159.8K
NOI $9,589 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$279.5K
$244.6K – $326.1K
NOI $19,564 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 83709, ID
59,461
Population
22,262
Households
2.7
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
33.7 sq mi
ZIP Area
1,764
Density / Sq Mi
$88,893
Median Household Income
$48,981
Median Earnings
$1,743
Median Rent
$440,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Boise, ID
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Insulated storage space with oversized roll-up access, epoxy flooring, and shared clubhouse amenities.
Where is this self storage facility located?
The property is located at 2007 S Saturn Way Boise, ID.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,012‑square‑foot climate‑controlled storage unit in Building 7; 24‑by‑45‑foot interior with 18‑foot ceilings; Two 14‑foot electric roll‑up doors
