Climate-Controlled Self Storage
New
For Sale
$245,000
2007 S Saturn Way Unit 707, Boise, ID 83709
Insulated storage condo with workshop capability, epoxy flooring, and access to shared clubhouse amenities.
Property Size1,012 SF
Price / SF$242.09
Days on Market7
Property Features for 2007 S Saturn Way Unit 707
General Information
Standard status
Active
Size
1,012 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Conditioned Warehouse
Yes
Self-Storage Units
1
Additional Details
Fenced Yard
Yes
Amenities
clubhouse
kitchenette
dining area
lounging room with media center
restrooms with showers
security camera system
air station
RV dump station with water service
Lot Size Units: Acres
Door Features: Overhead Doors
Tax Legal Description: Unit 707 Bldg 07 Leightons Glen Condo
Flooring: Concrete
Cooling: Wall/Window Unit(s), Cooling YN: t
Heating: Electric, Heating YN: t
Business Type: Industrial, Listing Id: 98997169, Listing Service: Full Service, Listing Terms: Cash, List Price: 245000, Mls Status: Active, Standard Status: Active
Parking Features: 1 - 5 Spaces
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 1012, Building Area Units: Square Feet, Building Features: Lighting, Building Name: Falcon Storage Condos, Construction Materials: Steel Siding, Metal Siding, Living Area: 1012, Living Area Units: Square Feet, Year Built: 2023
City: Boise, Coordinates: -116.28078036, 43.58550977, Country: US, County Or Parish: Ada, Latitude: 43.58550977, Longitude: -116.28078036, Postal Code: 83709, State Or Province: ID, Street Dir Prefix: S, Street Name: Saturn Way, Street Number: 2007, Street Number Numeric: 2007, Unit Number: 707, Unparsed Address: 2007 S Saturn Way # 707, Boise ID 83709
Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: R5201231380, Possible Use: Industrial Suitable(Self/Mini Storage Fac.), Property Type: Commercial Sale, Road Surface Type: Paved
Electric: 110 Volt, 220 Volts
Building Details
Year Built
2023
Listing Agency:
Keller Williams Realty Boise
(208) 488-2552
Listed By:
Erich Hamm · License #SP43964
(208) 488-2552
Source:
Thgboise
Added: Aug 12
Changed: Aug 17
Last Checked: Aug 18 at 5:00AM
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 Keller Williams Realty Boise
Investment Insights
Based on property information with market context.
Built in 2023, this self storage condo at 2007 S Saturn Way, Unit 707, measures 24’ x 45’ and offers 1,012 square feet. The climate-controlled, fully insulated unit has epoxy flooring, 18’ ceilings, and a 14’ electric roll-up door. Its layout accommodates a trailer and multiple vehicles, with maneuvering room for a large RV or trailer.
Shared facilities include a clubhouse with a kitchenette, dining area, lounge, media center, restrooms, and showers. The fenced community also provides security cameras, an air station, and an RV dump station with water service. The space is positioned for storage, a hobby shop, workshop use, or classic car storage.
Shared facilities include a clubhouse with a kitchenette, dining area, lounge, media center, restrooms, and showers. The fenced community also provides security cameras, an air station, and an RV dump station with water service. The space is positioned for storage, a hobby shop, workshop use, or classic car storage.
Key Highlights
- 1,012‑square‑foot self storage condo built in 2023
- 24’ x 45’ unit with 18’ ceilings and a 14’ electric roll‑up door
- Climate‑controlled and fully insulated with epoxy flooring
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
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
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
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 condo with workshop capability, epoxy flooring, and access to shared clubhouse amenities.
Where is this self storage facility located?
The property is located at 2007 S Saturn Way Unit 707 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 self storage condo built in 2023; 24’ x 45’ unit with 18’ ceilings and a 14’ electric roll‑up door; Climate‑controlled and fully insulated with epoxy flooring
