Self Storage Facility with Flex
For Sale
Contact for pricing
Pending
7730 W BOEKEL RD, Rathdrum, ID 83858
Industrial-zoned property combines secure gated storage with a leased flex component and established tenant occupancy.
Property Size33,110 SF
Lot Size2.40 Acres
Days on Market51
Property Features for 7730 W BOEKEL RD
General Information
Standard status
Pending
Size
33,110 SF
Class
B
Total Parking Spaces
21
Lot size
2.40 Acres
Property subtype
Industrial, Self Storage
Zoning
Industrial
Lease Type
Modified Gross
Net Operating Income
$131,725
Additional Details
Cap Rate
5.5%
Fenced Yard
Yes
Self-Storage Units
151
Building Details
Year Built
1995
Year Renovated
2007
Buildings
8
Tenancy
Multi
Listing Agency:
Daines Capital Commercial Real Estate
Listed By:
Seth Peterson · License #22017594
Source:
Crexi
Added: Aug 31
Changed: Oct 8
Last Checked: Oct 19 at 3:52AM
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 Commercial Real Estate
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Investment Insights
Based on property information with market context.
This industrial-zoned offering combines a self-storage operation with a flex building at 7730 and 7762 W. Boekel Rd. in Rathdrum, Idaho. The property encompasses approximately 33,110 square feet across 2.4 acres and includes 151 storage units ranging from 5'x10' to 15'x25'. Storage areas are secured by fencing and gated access.
The 4,400 SFT flex building includes four overhead doors and 21 parking stalls. It is 100% leased to Dance Theatre NW and NW Fine Arts Academy through August 31, 2030, while the storage facility is currently 91% occupied. The property was built in 1995 and carries a 5.5% cap rate. The flex lease provides for annual rental increases.
The 4,400 SFT flex building includes four overhead doors and 21 parking stalls. It is 100% leased to Dance Theatre NW and NW Fine Arts Academy through August 31, 2030, while the storage facility is currently 91% occupied. The property was built in 1995 and carries a 5.5% cap rate. The flex lease provides for annual rental increases.
Key Highlights
- Approximately 33,110 square feet across 2.4 acres
- 151‑unit self‑storage facility with 91% occupancy
- Storage units range from 5'x10' to 15'x25'
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
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
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.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Industrial-zoned property combines secure gated storage with a leased flex component and established tenant occupancy.
Where is this self storage facility located?
The property is located at 7730 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: Approximately 33,110 square feet across 2.4 acres; 151‑unit self‑storage facility with 91% occupancy; Storage units range from 5'x10' to 15'x25'
