Self-Storage Units with Roll-Up
For Sale
$642,500
6829 W Seltice Way, Post Falls, ID 83854
COMMERCIAL - Post Falls, ID
Property Size5,000 SF
Price / SF$128.50
Days on Market109
Property Features for 6829 W Seltice Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Storage, 3 Phase Power
Exterior features
Lighting
Basement
None
Lot features
Corner Lot, Level
Directions
GPS is accurate
Subdivision
02 - Post Falls
Standard status
Active
APN
TL5040022020
Size
5,000 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Stateline Garage Villas Project Amend No 1, Unit 206 Bldg 2 & Undiv Int In Common Area 0150N06w
Tax Annual Amount
457
Legal Description
Stateline Garage Villas Project Amend No 1, Unit 206 Bldg 2 & Undiv Int In Common Area 0150N06w
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Water source
Public
Amenities
Restrooms
Shower
Electronic access gate
Perimeter fencing
Building Details
Year built
2019
Building materials
Steel Siding, Aluminum Siding, Pole, Steel Frame
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Avalon 24 Real Estate
(208) 215-2044
Listed By:
Joel Elgee · License #DB30193
(509) 868-5264
Added: May 6
Changed: Aug 4
Last Checked: Aug 22 at 1:06AM
MLS# 26-4505
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 5,000-square-foot self-storage property includes five adjacent commercial units, each measuring approximately 1,000 square feet. The units provide 16-foot ceilings, a 12' x 14' roll-up door, and a 36'' x 80'' man door. Utility features include 50-amp electrical service, 7 110-volt outlets, 6 LED light bars, and 3 Phase Power. Steel and aluminum siding, a steel frame, pole construction, and a metal roof contribute to the property’s commercial storage configuration. The building was completed in 2019 and is served by natural gas heat, public water, and a septic tank.
Located at 6829 W Seltice Way in Post Falls, the property has a main electronic access gate and full perimeter fencing. Two restrooms are positioned approximately 150' from the units, including one with a shower. I-90 is approximately 1 mile away, providing regional highway access.
Located at 6829 W Seltice Way in Post Falls, the property has a main electronic access gate and full perimeter fencing. Two restrooms are positioned approximately 150' from the units, including one with a shower. I-90 is approximately 1 mile away, providing regional highway access.
Key Highlights
- 5,000 square feet across 5 adjacent commercial storage units
- Each unit is approximately 1,000 square feet with 16' ceilings
- 12' x 14' roll‑up door and 36'' x 80'' man door per unit
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
$43,659
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
6.80%
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%
$873,180
$873.2K
Cap Rate 7%
$623,700
$623.7K
Cap Rate 9%
$485,100
$485.1K
Market Conditions
NOI Build-Up for 5,000 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
$66.0K $13.20/SF
− Vacancy
−$3.6K −$0.73/SF
EGI
$62.4K $12.47/SF
− OpEx
−$18.7K −$3.74/SF
NOI
$43.7K $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 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%
$873,180
Cap Rate 7%
$623,700
Cap Rate 9%
$485,100
Alternative Uses
Best Use
Self Storage
$623.7K
$545.7K – $727.7K
NOI $43,659 @ 7.0% cap · market cap 6.80%
Second Best
Warehouse
$518.0K
$453.3K – $604.4K
NOI $36,261 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - Five adjacent commercial storage units offer flexible space with high ceilings and individual roll-up access.
Where is this self storage facility located?
The property is located at 6829 W Seltice Way Post Falls, ID.
What is the asking price?
The asking price for this property is $642,500.
What are key features of this property?
This property features: 5,000 square feet across 5 adjacent commercial storage units; Each unit is approximately 1,000 square feet with 16' ceilings; 12' x 14' roll‑up door and 36'' x 80'' man door per unit
