Insulated Storage Condo with Overhead
508 W Garwood Road Unit # 408 Rathdrum, ID 83858
508 W Garwood Road Unit # 408, Rathdrum, ID, 83858
$142,000
For Sale
$142,000
Nearly new insulated unit with an overhead door and electrical service for flexible RV, boat, and vehicle storage.
Property Size1,000 SF
Price / SF$142
Days on Market25
Property Features for 508 W Garwood Road Unit # 408
General Information
- Standard status
- Active
- Size
- 1,000 SF
Building Details
- Year Built
- 2023
Listing Agency
Coldwell Banker Schneidmiller Realty
Listed by
Brenda Burk
Source
Purewestrealestate
Added: Jun 22 Checked: Jul 16 at 1:43 am
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 Realty
Investment Insights
Based on property information with market context.
This nearly new commercial storage condo offers a 20 x 50 enclosed unit with full insulation throughout. The space includes a 14 x 14 insulated overhead door with an automatic opener, plus a separate man door for convenient pedestrian access. Electrical and lighting are built in, with a 100-amp electrical service, standard outlets, an RV outlet, and 8-foot LED lighting throughout.
The unit is part of Hayden Lake Executive RV & Boat Storage, located just off the new Garwood Interchange. The property is positioned to provide convenient access to the surrounding North Idaho communities, including Hayden, Coeur dAlene, Rathdrum, Sandpoint, and nearby areas. Owners also have access to a community clubhouse that includes a kitchen and restroom facilities.
This unit is a strong fit for operators or owners seeking secure, functional storage space for RVs, boats, vehicles, or general warehouse-style storage. The insulated enclosure, overhead door configuration, and dedicated RV outlet are practical features for customers who need weather-protected storage and straightforward move-in/move-out access.
The unit is part of Hayden Lake Executive RV & Boat Storage, located just off the new Garwood Interchange. The property is positioned to provide convenient access to the surrounding North Idaho communities, including Hayden, Coeur dAlene, Rathdrum, Sandpoint, and nearby areas. Owners also have access to a community clubhouse that includes a kitchen and restroom facilities.
This unit is a strong fit for operators or owners seeking secure, functional storage space for RVs, boats, vehicles, or general warehouse-style storage. The insulated enclosure, overhead door configuration, and dedicated RV outlet are practical features for customers who need weather-protected storage and straightforward move-in/move-out access.
Key Highlights
- Nearly new 20 x 50 insulated commercial storage condo (Year built 2023)
- 14 x 14 insulated overhead door with automatic opener
- 100‑amp electrical service plus standard outlets and an 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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Nearly new insulated unit with an overhead door and electrical service for flexible RV, boat, and vehicle storage.
Where is this self storage facility located?
The property is located at 508 W Garwood Road Unit # 408 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 storage condo (Year built 2023); 14 x 14 insulated overhead door with automatic opener; 100‑amp electrical service plus standard outlets and an RV outlet
