Industrial Storage
New
For Sale
$84,900
498 W Garwood Rd, Rathdrum, ID 83858
COMMERCIAL - Rathdrum, ID
Property Size685 SF
Lot Size0.11 Acres
Price / SF$123.94
Days on Market3
Property Features for 498 W Garwood Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LINDUSTRIAL
Lot features
Level
View
Territorial
Directions
Hwy 95 N to Garwood Rd, 2nd exit to Pope Rd. L on Garwood rd, complex is on the left.
Subdivision
04 - Rathdrum/Twin Lakes
Standard status
Active
APN
035150022070
Size
685 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Hl Exec Rv & Boat Condos (Amended), Unit 207 Bldg 2, Undiv Int In Common Area 2552N04w
Tax Annual Amount
294
Legal Description
Hl Exec Rv & Boat Condos (Amended), Unit 207 Bldg 2, Undiv Int In Common Area 2552N04w
Utilities
Heating system
Electric (Heating)
Building Details
Year built
2004
Building materials
Steel Siding, Steel Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Mike Icardo Realty
(208) 661-0439
Listed By:
Brenda Olson · License #SP56049
(702) 575-9628
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 17 at 7:06PM
MLS# 26-8441
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 industrial storage unit offers 685 square feet within a steel-framed, steel-sided building constructed in 2004. The space measures 14'9 x 46' and includes a 14' roll-up door, industrial pallet racks, 30AMP electrical service, 25 ft ceiling height, and extensive lighting. Electric heating and a metal roof are also provided.
The property is zoned LINDUSTRIAL. Association services include electric, club house amenities, and snow removal, supporting straightforward use and maintenance of the facility. The configuration accommodates storage of recreational equipment, vehicles, materials, or other goods requiring a tall, accessible industrial space.
The property is zoned LINDUSTRIAL. Association services include electric, club house amenities, and snow removal, supporting straightforward use and maintenance of the facility. The configuration accommodates storage of recreational equipment, vehicles, materials, or other goods requiring a tall, accessible industrial space.
Key Highlights
- 685 square feet with interior dimensions of 14'9 x 46'
- 14' roll‑up door and industrial pallet racks
- 30AMP electrical service with extensive 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
$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 - Secure industrial storage with pallet racks, dedicated electrical service, and tall interior clearance.
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 $84,900.
What are key features of this property?
This property features: 685 square feet with interior dimensions of 14'9 x 46'; 14' roll‑up door and industrial pallet racks; 30AMP electrical service with extensive lighting
