Self Storage Facility with Flex
New
For Sale
Contact for pricing
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
Price / SF$72.33
Days on Market5
Property Features for 7730 W BOEKEL RD
General Information
Standard status
Active
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: Sep 3
Last Checked: Sep 3 at 2:03AM
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
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 = 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
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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'
