Climate-Controlled Storage
For Sale
$245,000
707-2007 S Saturn Way, Boise, ID 83709
Insulated unit with tall ceilings, RV access, and shared clubhouse amenities supports storage, workshop, or hobby uses.
Property Size1,012 SF
Price / SF$242.09
Days on Market11
Property Features for 707-2007 S Saturn Way
General Information
Standard status
Active
Size
1,012 SF
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Amenities
clubhouse
kitchenette
dining area
lounging room with media center
restrooms with showers
security camera system
air station
RV dump station with water service
Listing Agency:
Keller Williams Realty Boise
(208) 488-2552
Listed By:
Erich Hamm · License #SP43964
(208) 488-2552
Source:
Exprealty
Added: Aug 12
Changed: Aug 22
Last Checked: Aug 22 at 10:01AM
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 Keller Williams Realty Boise
Investment Insights
Based on property information with market context.
This 1,012-square-foot storage condo in Building 7 is climate controlled, fully insulated, and finished with epoxy flooring. The unit includes an electric 14-foot roll-up door and 18-foot ceilings, with interior capacity for a trailer and multiple vehicles. Open maneuvering space accommodates a large RV or trailer.
Shared property amenities include a clubhouse with a kitchenette, dining area, lounge, media center, restrooms, and showers. The fully fenced community also provides a security camera system, air station, and RV dump station with water service. The configuration supports storage, a workshop, hobby activities, or classic car storage.
Shared property amenities include a clubhouse with a kitchenette, dining area, lounge, media center, restrooms, and showers. The fully fenced community also provides a security camera system, air station, and RV dump station with water service. The configuration supports storage, a workshop, hobby activities, or classic car storage.
Key Highlights
- 1,012‑square‑foot climate‑controlled storage condo in Building 7
- Electric 14‑foot roll‑up door and 18‑foot ceilings
- Fully insulated interior with epoxy flooring
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
$10,814
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
4.41%
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%
$216,280
$216.3K
Cap Rate 7%
$154,486
$154.5K
Cap Rate 9%
$120,156
$120.2K
Market Conditions
NOI Build-Up for 1,012 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
$14.0K $13.80/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$12.7K $12.57/SF
− OpEx
−$1.9K −$1.89/SF
NOI
$10.8K $10.69/SF
Area
Ada County, ID
Vacancy
8.90%
Lease Rate
$13.80 /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%
$216,280
Cap Rate 7%
$154,486
Cap Rate 9%
$120,156
Alternative Uses
Best Use
Warehouse
$154.5K
$135.2K – $180.2K
NOI $10,814 @ 7.0% cap · market cap 4.41%
Second Best
Self Storage
$137.0K
$119.9K – $159.8K
NOI $9,589 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$279.5K
$244.6K – $326.1K
NOI $19,564 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 83709, ID
59,461
Population
22,262
Households
2.7
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
33.7 sq mi
ZIP Area
1,764
Density / Sq Mi
$88,893
Median Household Income
$48,981
Median Earnings
$1,743
Median Rent
$440,700
Median Home Value
Market
Vacancy Rate% for Industrial in Boise, ID
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Insulated unit with tall ceilings, RV access, and shared clubhouse amenities supports storage, workshop, or hobby uses.
Where is this self storage facility located?
The property is located at 707-2007 S Saturn Way Boise, ID.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,012‑square‑foot climate‑controlled storage condo in Building 7; Electric 14‑foot roll‑up door and 18‑foot ceilings; Fully insulated interior with epoxy flooring
