Insulated Warehouse
New
For Sale
$128,500
6829 W Seltice Way Unit # 707, Post Falls, ID 83854
Secure commercial complex offers gated entry, surveillance, a roll-up door, RV connection, and dedicated utility service.
Property Size1,000 SF
Price / SF$128.50
Days on Market2
Property Features for 6829 W Seltice Way Unit # 707
General Information
Standard status
Active
Size
1,000 SF
Zoning
COMM
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Power
100 amps
Amenities
gated entrance
security cameras
common bathrooms
shower
hose bibs
auto door opener
RV hookup
natural gas stub
Building Details
Year Built
2021
Listing Agency:
Windermere/Coeur d'Alene Realty Inc
(208) 699-1860
Listed By:
Nancy Johnson · License #SP26249
Source:
Purewestrealestate
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 9:56AM
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.
Unit 707 is a 20 x 50 warehouse bay within a 2021-built commercial complex. The space features a 14 x 14 insulated motorized roll-up door, separate man door, high-sloping ceilings, insulated roofing and rear wall, and a 100-amp electrical service. A 50-amp RV hookup, seven 110V outlets, and three 8-inch LED lights on each side support a range of storage and workspace needs. A natural gas stub is located at the rear exterior for a potential heater installation.
The property at 6829 W Seltice Way is positioned just off I-90 in Post Falls, with regional connections toward Spokane and Coeur d'Alene. The complex is fully fenced, illuminated, monitored by security cameras, and controlled through a key-fob entry gate with a separate secured rear exit. Common facilities include two bathrooms, one with a shower, along with hose bibs throughout the property, subject to winter limitations.
The property at 6829 W Seltice Way is positioned just off I-90 in Post Falls, with regional connections toward Spokane and Coeur d'Alene. The complex is fully fenced, illuminated, monitored by security cameras, and controlled through a key-fob entry gate with a separate secured rear exit. Common facilities include two bathrooms, one with a shower, along with hose bibs throughout the property, subject to winter limitations.
Key Highlights
- 20 x 50 warehouse unit with high‑sloping ceilings
- 14 x 14 insulated roll‑up door with automatic opener and remotes
- 100‑amp service, seven 110V outlets, and three 8‑inch LED lights on each side
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
$7,252
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
5.64%
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%
$145,040
$145.0K
Cap Rate 7%
$103,600
$103.6K
Cap Rate 9%
$80,578
$80.6K
Market Conditions
NOI Build-Up for 1,000 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
$9.0K $9.00/SF
− Vacancy
−$468 −$0.47/SF
EGI
$8.5K $8.53/SF
− OpEx
−$1.3K −$1.28/SF
NOI
$7.3K $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%
$145,040
Cap Rate 7%
$103,600
Cap Rate 9%
$80,578
Alternative Uses
Best Use
Warehouse
$103.6K
$90.7K – $120.9K
NOI $7,252 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.9K
$189.8K – $253.1K
NOI $15,185 @ 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
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 - Secure commercial complex offers gated entry, surveillance, a roll-up door, RV connection, and dedicated utility service.
Where is this warehouse located?
The property is located at 6829 W Seltice Way Unit # 707 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 with high‑sloping ceilings; 14 x 14 insulated roll‑up door with automatic opener and remotes; 100‑amp service, seven 110V outlets, and three 8‑inch LED lights on each side
