Heated Storage Unit with Overhead
For Sale
$120,000
3100 W Dakota Avenue Unit 508, Hayden, ID 83835
Heated, separately metered storage unit with a 14-foot overhead door, keyless entry, and tenant access to onsite amenities.
Property Size560 SF
Price / SF$214.29
Days on Market151
Property Features for 3100 W Dakota Avenue Unit 508
General Information
Standard status
Active
Size
560 SF
Zoning
LT INDUSTRIAL
Additional Details
Drive-In Doors
1
Building Details
Year Built
2006
Listing Agency:
Coldwell Banker Schneidmiller Realty
Listed By:
Scott Kramer · License #SP49699
(509) 979-4644
Source:
Purewestrealestate
Added: Apr 9
Changed: Aug 8
Last Checked: Sep 5 at 3:40AM
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 Coldwell Banker Schneidmiller Realty
Investment Insights
Based on property information with market context.
Unit 508 at 3100 W Dakota Avenue is a heated storage unit designed for enclosed, secure storage. The unit measures 14 x 40 and is equipped with a 14-foot overhead door that is 12 feet wide, plus keyless entry. It is separately metered with power and lighting inside the unit.
The property includes community clubhouse and restrooms with a shower for tenants. Unit 508 is tenant occupied through the end of April 2026, and interior photos provided are stock photos of a similar unit.
For buyers or investors seeking a climate-controlled storage setup with its own metering, this unit combines controlled access, enclosed space, and onsite shared restroom and shower facilities.
The property includes community clubhouse and restrooms with a shower for tenants. Unit 508 is tenant occupied through the end of April 2026, and interior photos provided are stock photos of a similar unit.
For buyers or investors seeking a climate-controlled storage setup with its own metering, this unit combines controlled access, enclosed space, and onsite shared restroom and shower facilities.
Key Highlights
- High‑end Hayden Garage Town storage unit, built in 2006
- Unit 508 measures 14 x 40 and includes a 14‑ft overhead door (12 wide) with keyless entry
- Heated unit with power and lighting for year‑round storage access
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
$4,890
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
4.08%
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%
$97,800
$97.8K
Cap Rate 7%
$69,857
$69.9K
Cap Rate 9%
$54,333
$54.3K
Market Conditions
NOI Build-Up for 560 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
$7.4K $13.20/SF
− Vacancy
−$407 −$0.73/SF
EGI
$7.0K $12.47/SF
− OpEx
−$2.1K −$3.74/SF
NOI
$4.9K $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%
$97,800
Cap Rate 7%
$69,857
Cap Rate 9%
$54,333
Alternative Uses
Best Use
Self Storage
$69.9K
$61.1K – $81.5K
NOI $4,890 @ 7.0% cap · market cap 4.08%
Second Best
Warehouse
$58.0K
$50.8K – $67.7K
NOI $4,061 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$121.5K
$106.3K – $141.7K
NOI $8,503 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
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 - Heated, separately metered storage unit with a 14-foot overhead door, keyless entry, and tenant access to onsite amenities.
Where is this self storage facility located?
The property is located at 3100 W Dakota Avenue Unit 508 Hayden, ID.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: High‑end Hayden Garage Town storage unit, built in 2006; Unit 508 measures 14 x 40 and includes a 14‑ft overhead door (12 wide) with keyless entry; Heated unit with power and lighting for year‑round storage access
