Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Listing Agency: Avalon 24 Real Estate h***@avalontwofour.com Show Phone

Listed By: Joel Elgee · License #DB30193 Show Phone

Source: Exprealty

Added: May 6 Changed: Sep 13 Last Checked: Oct 15 at 5:12AM

Report an Issue

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 / Yr

$8,732

Cap Rate

6.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$174,640 $174.6K

Cap Rate 7%

$124,743 $124.7K

Cap Rate 9%

$97,022 $97.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

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 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 (±1% cap)

NOI $8,732 @ 7.0% cap · market cap 6.59%

Second Best

Industrial

$85.3K

$74.7K – $99.5K (±1% cap)

NOI $5,972 @ 7.0% cap · market cap 4.51%

Theoretical Best

Office A

$216.9K

$189.8K – $253.1K (±1% cap)

NOI $15,185 @ 7.0% cap · market cap 11.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Furniture & Home Goods Barber Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Warehouse Unit with RV Storage

6829 W Seltice Way, Post Falls, ID 83854

$132,500

1,000 SF

View details

Flex Space Garage Condo

17023 W Tulip Ct, Post Falls, ID 83854

$250,000

1,000 SF

View details

Insulated Self Storage Unit with RV Access

4419 W Grange Ave, Post Falls, ID 83854

$179,000

900 SF

View details

Insulated Flex Space with Garage Door

17011 W Tulip Ct, Post Falls, ID 83854

$249,000

931 SF

View details

Insulated Flex Condominium Unit

16989 W TULIP Ct, Post Falls, ID 83854

$250,000

1,250 SF

View details

Secure Self Storage Facility

H-2-16989 W Tulip Ct, Post Falls, ID

$250,000

1,250 SF

View details

Insulated Warehouse Condo with RV Power

16985 W TULIP Ct, Post Falls, ID 83854

$275,000

1,250 SF

View details

Insulated Flex Space with RV Access

16983 W TULIP Ct, Post Falls, ID 83854

$399,900

1,500 SF

View details

Flex Space

415 3RD, Post Falls, ID 83854

$839,000

View details

PRIME COMMERCIAL OPPORTUNITY IN POST FALLS, ID Versatile 3-Building Property with Mechanic Bays and Offices on 1.175 Acres

3310 West Seltice Way, Post Falls, ID 83854

$2,000,000

7,400 SF

View details

Flex Space with Warehouse Area

1640 E Schneidmiller Ave, Post Falls, ID 83854

$2,500,000

9,750 SF

View details

Secure Self-Storage Facility with Clubhouse

J-6-16983 W Tulip Ct, Post Falls, ID

$399,900

View details

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