Self Storage and Flex
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For Sale
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7730-7762 W Boekel Rd, Rathdrum, ID 83858
Gated, fenced storage is paired with an occupied flex building and industrial zoning.
Property Size33,110 SF
Price / SF$72.33
Days on Market5
Property Features for 7730-7762 W Boekel Rd
General Information
Standard status
Active
Size
33,110 SF
Property subtype
INDUSTRIAL
Listing Agency:
Daines Capital
(509) 590-9114
Listed By:
Seth Peterson
(509) 209-4920
Source:
Moodyscre
Added: Sep 1
Last Checked: Sep 4 at 3:09PM
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 Daines Capital
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.
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 = 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
$197,746
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
8.26%
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%
$3,954,920
$4.0M
Cap Rate 7%
$2,824,943
$2.8M
Cap Rate 9%
$2,197,178
$2.2M
Market Conditions
NOI Build-Up for 33,110 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
$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 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%
$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
NOI $289,110 @ 7.0% cap · market cap 12.07%
Second Best
Warehouse
$3.43M
$3.00M – $4.00M
NOI $240,120 @ 7.0% cap · market cap 10.03%
Theoretical Best
Office A
$7.18M
$6.28M – $8.38M
NOI $502,769 @ 7.0% cap · market cap 20.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
