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 Market96
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: Oct 21
Last Checked: Oct 20 at 7:15PM
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
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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 / Yr
$8,339
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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See the owner, sales and loan history
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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
