Climate-Controlled Storage
New
For Sale
$218,500
7373 South Federal Way, Boise, ID 83716
The unit includes an electric overhead door and access to a wash bay.
Property Size1,080 SF
Days on Market2
Property Features for 7373 South Federal Way
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Office
Zoning
Mx-2
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Conditioned Warehouse
Yes
Building Details
Building Size
1,080 SF
Year Built
2022
Listing Agency:
Lee & Associates - Boise
Listed By:
Jesse Young · License #AB26555
(208) 890-7020
Source:
Lee-associates
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 2:19AM
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 Lee & Associates - Boise
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-storage condominium was built in 2022 and offers a climate-controlled interior, a 14-foot electric overhead door, and LED lighting. Water and sewer hookups are also provided, along with access to a wash bay and onsite restrooms.
The unit is part of a gated facility in Boise, Idaho, and is zoned Mx-2.
The unit is part of a gated facility in Boise, Idaho, and is zoned Mx-2.
Key Highlights
- Climate‑controlled storage condominium built in 2022
- 14‑foot electric overhead door
- Water and sewer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,541
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,820
$230.8K
Cap Rate 7%
$164,871
$164.9K
Cap Rate 9%
$128,233
$128.2K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$14.9K $13.80/SF
− Vacancy
−$1.3K −$1.23/SF
EGI
$13.6K $12.57/SF
− OpEx
−$2.0K −$1.89/SF
NOI
$11.5K $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 Rate 5%
$230,820
Cap Rate 7%
$164,871
Cap Rate 9%
$128,233
Alternative Uses
Best Use
Warehouse
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 5.28%
Second Best
Self Storage
$146.2K
$127.9K – $170.6K
NOI $10,233 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$298.3K
$261.0K – $348.0K
NOI $20,879 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 83716, ID
21,583
Population
9,032
Households
2.4
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
1,039.1 sq mi
ZIP Area
21
Density / Sq Mi
$125,827
Median Household Income
$65,551
Median Earnings
$1,949
Median Rent
$573,300
Median Home Value
Market
Vacancy Rate% for Industrial in Boise, ID
Frequently Asked Questions
What type of property is this?
Self storage facility - The unit includes an electric overhead door and access to a wash bay.
Where is this self storage facility located?
The property is located at 7373 South Federal Way Boise, ID.
What is the asking price?
The asking price for this property is $218,500.
What are key features of this property?
This property features: Climate‑controlled storage condominium built in 2022; 14‑foot electric overhead door; Water and sewer hookups
