Self-Storage Unit with Pallet
For Sale
$84,900
498 Garwood, Rathdrum, ID 83858
Individual storage unit with roll-up access, electrical service, lighting, and clubhouse amenities.
Property Size685 SF
Price / SF$123.94
Days on Market10
Property Features for 498 Garwood
General Information
Standard status
Active
Size
685 SF
Property subtype
General Commercial
Warehouse & Industrial
Clear Height
25 ft
Warehouse Space
679 SF
Power
30 amps
Taxes and HOA fees
Annual Taxes
$294
Amenities
Level
Paved Road, Level.
Building Details
Year Built
2004
Listing Agency:
Mike Icardo Realty
(702) 575-9628
Listed By:
Brenda Olson · License #SP56049
(702) 575-9628
Source:
Xome
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 21 at 4:28AM
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 Mike Icardo Realty
Investment Insights
Based on property information with market context.
This self-storage unit offers a 14'9 x 46' interior configuration, a 14' roll-up door, and industrial pallet racks. The space includes 30AMP electrical service, 25 ft ceiling height, and substantial lighting for storage and access.
Built in 2004, the property is located at 498 Garwood in Rathdrum, Idaho. The site has a level setting and paved-road access. Association services include electric, use of clubhouse amenities, and snow removal.
Built in 2004, the property is located at 498 Garwood in Rathdrum, Idaho. The site has a level setting and paved-road access. Association services include electric, use of clubhouse amenities, and snow removal.
Key Highlights
- 14'9 x 46' storage unit
- 14' roll‑up door with industrial pallet racks
- 30AMP electrical service
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
$5,981
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
7.04%
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%
$119,620
$119.6K
Cap Rate 7%
$85,443
$85.4K
Cap Rate 9%
$66,456
$66.5K
Market Conditions
NOI Build-Up for 685 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
$9.0K $13.20/SF
− Vacancy
−$497 −$0.73/SF
EGI
$8.5K $12.47/SF
− OpEx
−$2.6K −$3.74/SF
NOI
$6.0K $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%
$119,620
Cap Rate 7%
$85,443
Cap Rate 9%
$66,456
Alternative Uses
Best Use
Self Storage
$85.4K
$74.8K – $99.7K
NOI $5,981 @ 7.0% cap · market cap 7.04%
Second Best
Warehouse
$71.0K
$62.1K – $82.8K
NOI $4,968 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$148.6K
$130.0K – $173.4K
NOI $10,402 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 83858, ID
17,113
Population
7,660
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
112.1 sq mi
ZIP Area
153
Density / Sq Mi
$93,006
Median Household Income
$38,717
Median Earnings
$1,244
Median Rent
$452,700
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 - Individual storage unit with roll-up access, electrical service, lighting, and clubhouse amenities.
Where is this self storage facility located?
The property is located at 498 Garwood Rathdrum, ID.
What is the asking price?
The asking price for this property is $84,900.
What are key features of this property?
This property features: 14'9 x 46' storage unit; 14' roll‑up door with industrial pallet racks; 30AMP electrical service
