Gated Boat and RV Storage
New
For Sale
$95,000
498 W GARWOOD Rd, Rathdrum, ID 83858
COMMERCIAL - Rathdrum, ID
Property Size733 SF
Lot Size0.06 Acres
Price / SF$129.60
Days on Market4
Property Features for 498 W GARWOOD Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LT INDUSTRIAL
Basement
None
Lot features
Level
View
Territorial
Directions
Hwy 95 North to Garwood Rd exit. Take the second exit at the roundabout to Pope Rd. Left onto Garwood Rd. Complex on the left. 498 W Garwood Rd
Subdivision
04 - Rathdrum/Twin Lakes
Standard status
Active
APN
035150022360
Size
733 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HL EXEC RV & BOAT CONDOS (AMENDED), UNIT 236 BLDG 2, UNDIV I NT IN COMMON AREA 2552N04W
Tax Annual Amount
310
Legal Description
HL EXEC RV & BOAT CONDOS (AMENDED), UNIT 236 BLDG 2, UNDIV I NT IN COMMON AREA 2552N04W
Amenities
clubhouse
owner bathrooms
gated
camera-secured
Building Details
Year built
2004
Building materials
Steel Siding, Steel Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Coldwell Banker Schneidmiller Realty · Coldwell Banker Real Estate
(800) 829-2555
Listed By:
Scott Kramer · License #SP49699
(509) 979-4644
Added: Aug 14
Last Checked: Aug 17 at 7:06PM
MLS# 26-8426
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 733-square-foot storage condo was built in 2004 within a steel-framed, steel-sided facility. The south-facing unit measures approximately 15'9'' by 48' and features a 12x14 manual roll-up door, more than 25 feet of rear ceiling height, concrete floors, fluorescent lighting, and 50 AMP electrical service. Its layout supports storage of boats, RVs, and other large personal collections.
The property is located at 498 W Garwood Rd in Rathdrum, just off Hwy 95 and Garwood Rd. The LT INDUSTRIAL-zoned complex is fully paved, gated, and camera-secured, with an on-site clubhouse and owner bathrooms. HOA services include electricity, snow removal, grounds maintenance, and clubhouse privileges.
The property is located at 498 W Garwood Rd in Rathdrum, just off Hwy 95 and Garwood Rd. The LT INDUSTRIAL-zoned complex is fully paved, gated, and camera-secured, with an on-site clubhouse and owner bathrooms. HOA services include electricity, snow removal, grounds maintenance, and clubhouse privileges.
Key Highlights
- 733 SF storage condo with approximately 15'9'' x 48' dimensions
- 12x14 manual roll‑up door and more than 25 feet of rear ceiling height
- 50 AMP electrical service, concrete floors, and fluorescent 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
$6,400
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
6.74%
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%
$128,000
$128.0K
Cap Rate 7%
$91,429
$91.4K
Cap Rate 9%
$71,111
$71.1K
Market Conditions
NOI Build-Up for 733 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
$9.7K $13.20/SF
− Vacancy
−$532 −$0.73/SF
EGI
$9.1K $12.47/SF
− OpEx
−$2.7K −$3.74/SF
NOI
$6.4K $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%
$128,000
Cap Rate 7%
$91,429
Cap Rate 9%
$71,111
Alternative Uses
Best Use
Self Storage
$91.4K
$80.0K – $106.7K
NOI $6,400 @ 7.0% cap · market cap 6.74%
Second Best
Warehouse
$75.9K
$66.5K – $88.6K
NOI $5,316 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$159.0K
$139.1K – $185.5K
NOI $11,130 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - South-facing storage condo with roll-up access, durable concrete flooring, and 50 AMP electrical service.
Where is this self storage facility located?
The property is located at 498 W GARWOOD Rd Rathdrum, ID.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 733 SF storage condo with approximately 15'9'' x 48' dimensions; 12x14 manual roll‑up door and more than 25 feet of rear ceiling height; 50 AMP electrical service, concrete floors, and fluorescent lighting
