RV Storage Condo with 50-Amp
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 Market55
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
Listed By:
Joan Genter · License #SP39140
(208) 661-3773
Source:
Purewestrealestate
Added: Aug 14
Changed: Sep 29
Last Checked: Oct 7 at 8:27AM
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 / Yr
$6,706
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Industrial in West region
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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
