RV Storage Condo with 50-Amp
New
For Sale
$102,000
498 W Garwood Road Unit #215, Rathdrum, ID 83858
Dedicated storage in a gated development with utility access, exterior lighting, and shared clubhouse amenities.
Property Size768 SF
Price / SF$132.81
Days on Market4
Property Features for 498 W Garwood Road Unit #215
General Information
Standard status
Active
Size
768 SF
Zoning
County LTIND
Additional Details
Utilities to Site
Yes
Amenities
concrete floor
overhead fluorescent lighting
50 amp outlet
24-hour security gate
exterior lights
clubhouse
water spigots
Building Details
Year Built
2004
Listing Agency:
Windermere/Coeur d'Alene Realty Inc
(208) 661-3773
Listed By:
Joan Genter · License #SP39140
Source:
Purewestrealestate
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 17 at 4:32AM
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 Windermere/Coeur d'Alene Realty Inc
Investment Insights
Based on property information with market context.
This self-storage condo at 498 W Garwood Road, Unit #215, provides a 16x48 enclosed unit suited to RVs, boats, ATVs, and other stored possessions. The space includes a concrete floor, overhead fluorescent lighting, a 14 roll-up door, a separate man door, and a 50 amp outlet for RVBoat use. These features support the title's dedicated power and enclosed storage configuration.
The condominium development includes a 24-hour security gate, exterior lighting, a clubhouse, and water spigots near the building for rinsing equipment. Association services cover power, water, snowplowing, property maintenance, and building insurance. The property is zoned County LTIND, was built in 2004, and is located in Rathdrum near Hwy 95.
The condominium development includes a 24-hour security gate, exterior lighting, a clubhouse, and water spigots near the building for rinsing equipment. Association services cover power, water, snowplowing, property maintenance, and building insurance. The property is zoned County LTIND, was built in 2004, and is located in Rathdrum near Hwy 95.
Key Highlights
- 16x48 enclosed storage unit
- 14 roll‑up door plus separate man door
- 50 amp outlet for RVBoat use
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
$6,706
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
6.57%
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%
$134,120
$134.1K
Cap Rate 7%
$95,800
$95.8K
Cap Rate 9%
$74,511
$74.5K
Market Conditions
NOI Build-Up for 768 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
$10.1K $13.20/SF
− Vacancy
−$558 −$0.73/SF
EGI
$9.6K $12.47/SF
− OpEx
−$2.9K −$3.74/SF
NOI
$6.7K $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 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%
$134,120
Cap Rate 7%
$95,800
Cap Rate 9%
$74,511
Alternative Uses
Best Use
Self Storage
$95.8K
$83.8K – $111.8K
NOI $6,706 @ 7.0% cap · market cap 6.57%
Second Best
Warehouse
$79.6K
$69.6K – $92.8K
NOI $5,570 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$166.6K
$145.8K – $194.4K
NOI $11,662 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
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 - Dedicated storage in a gated development with utility access, exterior lighting, and shared clubhouse amenities.
Where is this self storage facility located?
The property is located at 498 W Garwood Road Unit #215 Rathdrum, ID.
What is the asking price?
The asking price for this property is $102,000.
What are key features of this property?
This property features: 16x48 enclosed storage unit; 14 roll‑up door plus separate man door; 50 amp outlet for RVBoat use
