New Commercial Storage
For Sale
$128,000
508 Garwood Rd #421, Rathdrum, ID 83858
Brand new 20-by-50 commercial condo with insulated drive-through-style garage door and electrical package.
Property Size955 SF
Price / SF$134.03
Days on Market50
Property Features for 508 Garwood Rd #421
General Information
Standard status
Active
Size
955 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
community club house
Listing Agency:
COLDWELL BANKER SCHNEIDMILLER
Listed By:
Brenda Burk · License #SP39689
(208) 818-3668
Source:
Clearwaterproperties
Added: Jul 19
Changed: Sep 5
Last Checked: Sep 6 at 7:13AM
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 COLDWELL BANKER SCHNEIDMILLER
Investment Insights
Based on property information with market context.
Brand new 20x50 commercial condo in an RV and boat storage complex. The unit includes 26-gauge metal roof and walls, a 14x14 insulated garage door with opener, a man door, a 100 amp electrical box, seven electrical outlets, one 220 RV outlet, and six 8-foot LED lights throughout.
The property is located just off the Garwood interchange, providing convenient access to Coeur d'Alene, Rathdrum, Sandpoint, and surrounding areas. The complex also includes a community clubhouse with kitchen and restroom, and the development offers additional units and drive-through options to select from.
This condo is configured for straightforward commercial storage use, with built-in power and an insulated overhead door to support day-to-day access.
The property is located just off the Garwood interchange, providing convenient access to Coeur d'Alene, Rathdrum, Sandpoint, and surrounding areas. The complex also includes a community clubhouse with kitchen and restroom, and the development offers additional units and drive-through options to select from.
This condo is configured for straightforward commercial storage use, with built-in power and an insulated overhead door to support day-to-day access.
Key Highlights
- Brand new 20x50 commercial condo at Hayden Lake Executive RV & Boat Storage
- Insulated drive‑through‑style garage door plus man door
- Electrical package includes 100 amp box, 7 electrical outlets, and one 220 RV outlet
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
$8,339
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
6.51%
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%
$166,780
$166.8K
Cap Rate 7%
$119,129
$119.1K
Cap Rate 9%
$92,656
$92.7K
Market Conditions
NOI Build-Up for 955 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
$12.6K $13.20/SF
− Vacancy
−$693 −$0.73/SF
EGI
$11.9K $12.47/SF
− OpEx
−$3.6K −$3.74/SF
NOI
$8.3K $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%
$166,780
Cap Rate 7%
$119,129
Cap Rate 9%
$92,656
Alternative Uses
Best Use
Self Storage
$119.1K
$104.2K – $139.0K
NOI $8,339 @ 7.0% cap · market cap 6.51%
Second Best
Warehouse
$98.9K
$86.6K – $115.4K
NOI $6,926 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$207.2K
$181.3K – $241.7K
NOI $14,501 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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 - Brand new 20-by-50 commercial condo with insulated drive-through-style garage door and electrical package.
Where is this self storage facility located?
The property is located at 508 Garwood Rd #421 Rathdrum, ID.
What is the asking price?
The asking price for this property is $128,000.
What are key features of this property?
This property features: Brand new 20x50 commercial condo at Hayden Lake Executive RV & Boat Storage; Insulated drive‑through‑style garage door plus man door; Electrical package includes 100 amp box, 7 electrical outlets, and one 220 RV outlet
