Secure Fenced Warehouse
New
For Sale
$128,500
6829 Seltice, Post Falls, ID 83854
Insulated unit with an oversized powered roll-up door, dedicated electrical service, and RV hookup.
Property Size975 SF
Price / SF$131.79
Days on Market2
Property Features for 6829 Seltice
General Information
Standard status
Active
Size
975 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Power
100 amps
Taxes and HOA fees
Annual Taxes
$428
Amenities
common bathrooms
security cameras
gated entrance
Garage: Paved
0.00
Paved
Building Details
Year Built
2021
Listing Agency:
Windermere/Coeur d'Alene Realty Inc
(208) 699-1860
Listed By:
Nancy Johnson · License #SP26249
Source:
Clearwaterproperties
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 6:08AM
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 Windermere/Coeur d'Alene Realty Inc
Investment Insights
Based on property information with market context.
This warehouse unit is located within a secured commercial complex completed in 2021. The 20' x 50' space has high, sloped ceilings, an insulated 14' x 14' roll-up door with automatic opener and remotes, a separate man door, and insulation at the roof and rear wall. Electrical improvements include 100amp service, a 50amp RV hookup, seven 110v outlets, and three 8' LED lights on each side. A natural gas stub is positioned at the exterior rear for a future heater installation.
The fenced and illuminated complex is monitored by security cameras and operates with a key-fob-controlled entrance plus a secured rear exit gate. Two common bathrooms are provided, including one with a shower designated for owner use. Hose bibs are distributed throughout the complex except during winter months. The property is just off I-90 in Post Falls, with access to Spokane, Coeur D'Alene, and surrounding areas.
The fenced and illuminated complex is monitored by security cameras and operates with a key-fob-controlled entrance plus a secured rear exit gate. Two common bathrooms are provided, including one with a shower designated for owner use. Hose bibs are distributed throughout the complex except during winter months. The property is just off I-90 in Post Falls, with access to Spokane, Coeur D'Alene, and surrounding areas.
Key Highlights
- 20' x 50' warehouse unit in a 2021 complex
- 14' x 14' insulated roll‑up door with automatic opener and remotes
- 100amp electrical service with 50amp RV hookup
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
$7,071
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
5.50%
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%
$141,420
$141.4K
Cap Rate 7%
$101,014
$101.0K
Cap Rate 9%
$78,567
$78.6K
Market Conditions
NOI Build-Up for 975 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
$8.8K $9.00/SF
− Vacancy
−$456 −$0.47/SF
EGI
$8.3K $8.53/SF
− OpEx
−$1.2K −$1.28/SF
NOI
$7.1K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$141,420
Cap Rate 7%
$101,014
Cap Rate 9%
$78,567
Alternative Uses
Best Use
Warehouse
$101.0K
$88.4K – $117.9K
NOI $7,071 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.5K
$185.1K – $246.8K
NOI $14,805 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
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.
Similar Off Market Nearby
- Hagadone Boat Storage — 581 N Beck Rd, Post Falls, ID 83854
- Stateline Storage — 6808 W Seltice Way, Post Falls, ID 83854
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated unit with an oversized powered roll-up door, dedicated electrical service, and RV hookup.
Where is this warehouse located?
The property is located at 6829 Seltice Post Falls, ID.
What is the asking price?
The asking price for this property is $128,500.
What are key features of this property?
This property features: 20' x 50' warehouse unit in a 2021 complex; 14' x 14' insulated roll‑up door with automatic opener and remotes; 100amp electrical service with 50amp RV hookup
