New Commercial Storage
508 W Garwood Rd #421 Rathdrum, ID 83858
New
508 W Garwood Rd #421, Rathdrum, ID, 83858
$128,000
For Sale
$128,000
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 Market5
Property Features for 508 W Garwood Rd #421
General Information
- Standard status
- Active
- Size
- 955 SF
- Property subtype
- Commercial
Listing agency
COLDWELL BANKER SCHNEIDMILLER
(208) 818-3668
Listed by
Brenda Burk · License #SP39689
Source
Clearwaterproperties
Added: Jul 19 Updated: Jul 23 at 4:14AM Checked: Jul 23 at 4:14AM
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
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.6k | $13.20 |
| − Vacancy | −$693 | −$0.73 |
| EGI | $11.9k | $12.47 |
| − OpEx | −$3.6k | −$3.74 |
| NOI | $8.3k | $8.73 |
955 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
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 W 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
