Commercial Storage Units For
For Sale
$132,500
206-6829 W Seltice Way, Post Falls, ID 83854
Commercial storage units suitable for RV, vessel, or business storage.
Property Size1,000 SF
Price / SF$132.50
Days on Market118
Property Features for 206-6829 W Seltice Way
General Information
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Annual Taxes
$457
Listing Agency:
Avalon 24 Real Estate
(509) 868-5264
Listed By:
Joel Elgee · License #DB30193
(509) 868-5264
Source:
Exprealty
Added: May 6
Changed: Aug 20
Last Checked: Aug 30 at 8:42PM
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 Avalon 24 Real Estate
Investment Insights
Based on property information with market context.
A commercial storage unit is available for purchase, with the option to acquire up to five adjacent units. Each unit provides approximately 1,000 square feet (20' x 50') of space. Individual units are offered, or buyers can purchase two or more units. Each unit is designed to accommodate RV, commercial, or vessel storage needs. Features include a 12' x 14' roll-up door, a 36'' x 80'' man door, and 16-foot ceiling heights. Units are equipped with 50-amp electrical service, seven 110-volt outlets, and six LED light bars. Up to five adjacent units are available, allowing buyers to combine spaces for a total of approximately 5,000 square feet. The property includes two on-site restrooms approximately 150' from the units, one of which includes a shower. Additional amenities include a main electronic security gate approximately 150' away, full perimeter security fencing, and convenient access to I-90 (approximately 1 mile). These units allow a great opportunity for personal storage, business use, or investment.
Key Highlights
- Option to purchase multiple adjacent units (up to 5) for approximately 5,000 sq ft
- Designed for RV, commercial, or vessel storage with a large 12' x 14' roll‑up door and 16‑foot ceiling height
- Equipped with 50‑amp electrical service and LED lighting
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
$8,732
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
6.59%
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%
$174,640
$174.6K
Cap Rate 7%
$124,743
$124.7K
Cap Rate 9%
$97,022
$97.0K
Market Conditions
NOI Build-Up for 1,000 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
$13.2K $13.20/SF
− Vacancy
−$726 −$0.73/SF
EGI
$12.5K $12.47/SF
− OpEx
−$3.7K −$3.74/SF
NOI
$8.7K $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%
$174,640
Cap Rate 7%
$124,743
Cap Rate 9%
$97,022
Alternative Uses
Best Use
Self Storage
$124.7K
$109.2K – $145.5K
NOI $8,732 @ 7.0% cap · market cap 6.59%
Second Best
Industrial
$85.3K
$74.7K – $99.5K
NOI $5,972 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$216.9K
$189.8K – $253.1K
NOI $15,185 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
820
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - Commercial storage units suitable for RV, vessel, or business storage.
Where is this self storage facility located?
The property is located at 206-6829 W Seltice Way Post Falls, ID.
What is the asking price?
The asking price for this property is $132,500.
What are key features of this property?
This property features: Option to purchase multiple adjacent units (up to 5) for approximately 5,000 sq ft; Designed for RV, commercial, or vessel storage with a large 12' x 14' roll‑up door and 16‑foot ceiling height; Equipped with 50‑amp electrical service and LED lighting
