Listing Agency: Daines Capital Show Phone

Listed By: Seth Peterson Show Phone

Source: Moodyscre

Added: Sep 1 Changed: Oct 8 Last Checked: Oct 19 at 7:25AM

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Investment Insights

Based on property information with market context.

The property combines a 151-unit self-storage facility with a 4,400 SFT flex building across 2.4 acres. Storage units range from 5'x10' to 15'x25', and the facility is currently 91% occupied. The flex building includes four overhead doors and 21 parking stalls.

The flex space is fully leased to Dance Theatre NW and NW Fine Arts Academy through August 31, 2030, with annual rental increases. The self-storage operation is secured by gated and fenced access. The combined property contains approximately 33,110 square feet and carries a 5.5% cap rate. Industrial zoning supports the property's existing storage and flex configuration.

Key Highlights

• 151‑unit self‑storage facility currently 91% occupied
• 4,400 SFT flex building leased through August 31, 2030
• Flex building includes four overhead doors and 21 parking stalls

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$197,746

Cap Rate

8.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,954,920 $4.0M

Cap Rate 7%

$2,824,943 $2.8M

Cap Rate 9%

$2,197,178 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 33,110 SF

Gross rent

$298.0K $9.00/SF

− Vacancy

−$15.5K −$0.47/SF

EGI

$282.5K $8.53/SF

− OpEx

−$84.7K −$2.56/SF

NOI

$197.7K $5.97/SF

Area

Kootenai County, ID

Vacancy

5.20%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,954,920

Cap Rate 7%

$2,824,943

Cap Rate 9%

$2,197,178

Alternative Uses

Best Use

Self Storage

$4.13M

$3.61M – $4.82M (±1% cap)

NOI $289,110 @ 7.0% cap · market cap 12.07%

Second Best

Warehouse

$3.43M

$3.00M – $4.00M (±1% cap)

NOI $240,120 @ 7.0% cap · market cap 10.03%

Theoretical Best

Office A

$7.18M

$6.28M – $8.38M (±1% cap)

NOI $502,769 @ 7.0% cap · market cap 20.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Grocery & Convenience Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

164

Businesses Nearby

Explore this area Business Placement

Demographics for 83858, ID

17,113

Population

7,660

Households

2.2

Avg Household Size

41

Median Age

25%

College-Educated

92%

High-School Grad

112.1 sq mi

ZIP Area

153

Density / Sq Mi

$93,006

Median Household Income

$38,717

Median Earnings

$1,244

Median Rent

$452,700

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - Gated, fenced storage is paired with an occupied flex building and industrial zoning.

Where is this self storage facility located?

The property is located at 7730-7762 W Boekel Rd Rathdrum, ID.

What is the asking price?

The asking price for this property is $2,395,000.

What are key features of this property?

This property features: 151‑unit self‑storage facility currently 91% occupied; 4,400 SFT flex building leased through August 31, 2030; Flex building includes four overhead doors and 21 parking stalls