Insulated Storage Condominium
For Sale
$142,000
Pending
508 W GARWOOD Rd, Rathdrum, ID 83858
COMMERCIAL - Rathdrum, ID
Property Size1,000 SF
Lot Size0.06 Acres
Days on Market49
Property Features for 508 W GARWOOD Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LIGHT INDUST
Exterior features
Lighting
Basement
None
Lot features
Open Lot, Level
Directions
North on Hwy 95 - exit 439 to ID-53 E - right on ID-53 E - 2nd exit at roundabout to N Pope Rd - Left to W Garwood Rd - 0.4 miles - complex will be on the left.
Subdivision
04 - Rathdrum/Twin Lakes
Standard status
Pending
APN
0L8180044080
Size
1,000 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HL EXEC RV & BOAT CONDOS AMEND NO 5, BLDG 4 UNIT 408 UNDIV INT IN COMMON AREA 2552N04W
Tax Annual Amount
463
Legal Description
HL EXEC RV & BOAT CONDOS AMEND NO 5, BLDG 4 UNIT 408 UNDIV INT IN COMMON AREA 2552N04W
Utilities
Heating system
Electric (Heating)
Building Details
Year built
2023
Building materials
Steel Siding, Steel Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Coldwell Banker Schneidmiller Realty · Coldwell Banker Real Estate
(800) 829-2555
Listed By:
Brenda Burk · License #SP39689
(208) 818-3668
Added: Jun 19
Changed: Aug 4
Last Checked: Aug 6 at 7:06AM
MLS# 26-6370
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This nearly new storage condominium unit is fully insulated throughout and designed for versatile, secure storage. The interior measures 20' x 50' and includes an insulated 14' x 14' overhead door with an automatic opener, plus a separate man door for walk-in access. Electrical service includes 100-amp power, standard outlets, and an RV outlet to support equipment and vehicle storage needs. An 8-foot LED lighting system is installed throughout the unit for clear visibility during use.
Located at Hayden Lake Executive RV & Boat Storage and positioned just off the Garwood Interchange, the property offers convenient access to Hayden, Coeur d'Alene, Rathdrum, Sandpoint, and surrounding North Idaho communities. The listing is part of Phase 2 within the storage community, and the site is zoned LIGHT INDUST.
The unit is well suited for buyers looking to own a dedicated space for secure RV, boat, vehicle, warehouse-style storage, or personal storage. Owners also have access to the community clubhouse, which includes a kitchen and restroom facilities, adding everyday convenience for residents and visitors.
Located at Hayden Lake Executive RV & Boat Storage and positioned just off the Garwood Interchange, the property offers convenient access to Hayden, Coeur d'Alene, Rathdrum, Sandpoint, and surrounding North Idaho communities. The listing is part of Phase 2 within the storage community, and the site is zoned LIGHT INDUST.
The unit is well suited for buyers looking to own a dedicated space for secure RV, boat, vehicle, warehouse-style storage, or personal storage. Owners also have access to the community clubhouse, which includes a kitchen and restroom facilities, adding everyday convenience for residents and visitors.
Key Highlights
- Nearly new 20' x 50' insulated commercial condo (Phase 2) built in 2023
- 14' x 14' insulated overhead door with automatic opener, plus separate man door
- 100‑amp electrical service with standard outlets and an RV outlet
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 | $13.2k | $13.20 |
| − Vacancy | −$726 | −$0.73 |
| EGI | $12.5k | $12.47 |
| − OpEx | −$3.7k | −$3.74 |
| NOI | $8.7k | $8.73 |
1,000 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$124.7K
$109.2K – $145.5K
NOI $8,732 @ 7.0% cap · market cap 6.15%
Second Best
Warehouse
$103.6K
$90.7K – $120.9K
NOI $7,252 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$216.9K
$189.8K – $253.1K
NOI $15,185 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - Nearly new, fully insulated 20' x 50' unit with an insulated 14' x 14' overhead door, power, and LED lighting.
Where is this self storage facility located?
The property is located at 508 W GARWOOD Rd Rathdrum, ID.
What is the asking price?
The asking price for this property is $142,000.
What are key features of this property?
This property features: Nearly new 20' x 50' insulated commercial condo (Phase 2) built in 2023; 14' x 14' insulated overhead door with automatic opener, plus separate man door; 100‑amp electrical service with standard outlets and an RV outlet
