Industrial Warehouse
For Sale
$1,425,000
7836 W Boekel Rd, Rathdrum, ID 83858
Commercial Sale, Warehouse, Rathdrum, ID
Property Size9,600 SF
Lot Size1.20 Acres
Price / SF$148.44
Days on Market74
Property Features for 7836 W Boekel Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Lot features
Open Lot, Level, Southern Exposure
Directions
HWY 41 North to Boekel East. Property is on south side.
Subdivision
04 - Rathdrum/Twin Lakes
Standard status
Active
APN
R79060010010
Size
9,600 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THAYER 3RD ADD Sec/Twn/Rng/Mer: SEC 06 TWN 51N RNG 04W
Tax Annual Amount
2946
Legal Description
THAYER 3RD ADD Sec/Twn/Rng/Mer: SEC 06 TWN 51N RNG 04W
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1975
Building materials
Steel Siding, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
TOK Inland Northwest LLC
(208) 378-4600
Listed By:
Danny Davis · License #AB34364
(208) 691-6003
Added: Jul 22
Changed: Sep 8
Last Checked: Oct 3 at 6:06AM
MLS# 26-7537
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial warehouse property contains a 9,600-square-foot building on 1.2 acres. Constructed in 1975, the improvements feature steel siding, frame construction, a metal roof, and electric heating. Industrial zoning supports the property’s warehouse-oriented commercial classification.
The seller will deliver sewer, water, and 600 amps of 3-phase power to the building. Public water and public sewer are identified for the property, providing a defined utility framework for the site.
The seller will deliver sewer, water, and 600 amps of 3-phase power to the building. Public water and public sewer are identified for the property, providing a defined utility framework for the site.
Key Highlights
- 9,600‑square‑foot industrial building on 1.2 acres
- 600 amps of 3‑phase power to be delivered by the seller
- Seller to deliver sewer and water service to the building
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
$69,621
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
4.89%
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%
$1,392,420
$1.4M
Cap Rate 7%
$994,586
$994.6K
Cap Rate 9%
$773,567
$773.6K
Market Conditions
NOI Build-Up for 9,600 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
$86.4K $9.00/SF
− Vacancy
−$4.5K −$0.47/SF
EGI
$81.9K $8.53/SF
− OpEx
−$12.3K −$1.28/SF
NOI
$69.6K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,392,420
Cap Rate 7%
$994,586
Cap Rate 9%
$773,567
Alternative Uses
Best Use
Warehouse
$994.6K
$870.3K – $1.16M
NOI $69,621 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,774 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- North Idaho Storage — 13965 N Ohio St, Rathdrum, ID 83858
- Rockwood Self Storage — 14365 N Rockwood Ct, Rathdrum, ID 83858
- Mountain View Mini Storage — 7730 Boekel Rd, Rathdrum, ID 83858
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-sided warehouse with planned utility service and industrial zoning on a sizable commercial parcel.
Where is this warehouse located?
The property is located at 7836 W Boekel Rd Rathdrum, ID.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 9,600‑square‑foot industrial building on 1.2 acres; 600 amps of 3‑phase power to be delivered by the seller; Seller to deliver sewer and water service to the building
