Falcon Storage Condos For
For Sale
$750,000
2007 S Saturn way, Boise, ID 83709
High-quality, air-conditioned storage condos ideal for various uses.
Property Size5,000 SF
Days on Market170
Property Features for 2007 S Saturn way
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail - Strip
Building Details
Building Size
5,000 SF
Units
3
Listing Agency:
Lee & Associates Idaho
Listed By:
Shane Jimenez · License #ID 27814
(208) 602-4500
Source:
Commercialcafe
Added: Mar 26
Changed: Sep 9
Last Checked: Sep 11 at 5:06AM
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 Lee & Associates Idaho
Investment Insights
Based on property information with market context.
The Falcon Storage Condos are available for sale in Boise, ID. These units are high quality and feature air conditioning and heating. The buildings are fully insulated and commercially built. The project is private and gated, and includes a clubhouse with amenities. An onsite service station provides an RV dump station, water station, and air station. The condos are suitable for storing motor homes, boats, classic cars, business inventory, or for use as a hobby shop. Each Falcon Storage Condo project is professionally managed. Falcon Storage Condos is a regional provider of luxury storage condos in the Treasure Valley, with a track record of professionally managed and sustainable projects.
Key Highlights
- Climate‑controlled units with air conditioning and heating
- Gated and private community
- Onsite service station with RV dump, water, and air
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
$62,100
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
8.28%
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%
$1,242,000
$1.2M
Cap Rate 7%
$887,143
$887.1K
Cap Rate 9%
$690,000
$690.0K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$8.6K −$1.73/SF
EGI
$99.4K $19.87/SF
− OpEx
−$37.3K −$7.45/SF
NOI
$62.1K $12.42/SF
Area
Ada County, ID
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,242,000
Cap Rate 7%
$887,143
Cap Rate 9%
$690,000
Alternative Uses
Best Use
Mixed Use
$887.1K
$776.3K – $1.04M
NOI $62,100 @ 7.0% cap · market cap 8.28%
Second Best
Self Storage
$676.8K
$592.2K – $789.6K
NOI $47,376 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,660 @ 7.0% cap · market cap 12.89%
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
812
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - High-quality, air-conditioned storage condos ideal for various uses.
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 $750,000.
What are key features of this property?
This property features: Climate‑controlled units with air conditioning and heating; Gated and private community; Onsite service station with RV dump, water, and air
