Listing Agency: Amherst Madison

Listed By: Matt Bauscher · License #SP40991 Show Phone

Source: Clearwaterproperties

Added: Sep 4 Changed: Oct 21 Last Checked: Oct 20 at 8:55PM

Report an Issue

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 Amherst Madison

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Unit 415 is a deeded storage condominium containing 1,300 SF within a 26' x 50' footprint. The heated, fully insulated space has a 26' peak ceiling, 16' insulated overhead door, separate man door, epoxy flooring, shop lighting, ceiling fan, dedicated electrical panel, 30-amp RV hookup, multiple 120V outlets, cable/TV connection, and an exterior water spigot. A mini split is scheduled for installation by the owner.

The gated and fully fenced property at 9049 Horseshoe Bend Road includes RFID/key fob entry, 24-hour video surveillance, wide drive lanes, and an RV washout station. Shared facilities include a clubhouse with restrooms, showers, kitchenette, and TV lounge. The unit is deeded, and there are no current special assessments.

Key Highlights

• Deeded 1,300 SF storage condominium
• 26' x 50' unit with a 26' peak ceiling
• 16' insulated overhead door and separate man door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,892

Cap Rate

5.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$277,840 $277.8K

Cap Rate 7%

$198,457 $198.5K

Cap Rate 9%

$154,356 $154.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,300 SF

Gross rent

$17.9K $13.80/SF

− Vacancy

−$1.6K −$1.23/SF

EGI

$16.3K $12.57/SF

− OpEx

−$2.5K −$1.89/SF

NOI

$13.9K $10.69/SF

Area

Ada County, ID

Vacancy

8.90%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$277,840

Cap Rate 7%

$198,457

Cap Rate 9%

$154,356

Alternative Uses

Best Use

Warehouse

$198.5K

$173.7K – $231.5K (±1% cap)

NOI $13,892 @ 7.0% cap · market cap 5.15%

Second Best

Self Storage

$176.0K

$154.0K – $205.3K (±1% cap)

NOI $12,318 @ 7.0% cap · market cap 4.56%

Theoretical Best

Office A

$359.0K

$314.2K – $418.9K (±1% cap)

NOI $25,132 @ 7.0% cap · market cap 9.31%

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 Dental Office HVAC Service Restaurant Pharmacy (Bike/Boat/Book/etc) Store

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

Lease Details

1

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

378

Businesses Nearby

Explore this area Business Placement

Demographics for 83714, ID

26,181

Population

11,672

Households

2.2

Avg Household Size

43

Median Age

45%

College-Educated

94%

High-School Grad

54.2 sq mi

ZIP Area

483

Density / Sq Mi

$86,114

Median Household Income

$43,867

Median Earnings

$1,384

Median Rent

$468,100

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

Similar For Sale Nearby

See more

Climate-Controlled Storage Condominium

Eagle, ID 83616

$249,900

1,000 SF

View details

Storage Condos For Sale

276 S. Herons Flight Ln., Eagle, ID 83616

Contact for pricing

View details

Updated Mixed-Use Property

2152 E State Street, Eagle, ID 83616

$925,000

1,200 SF

View details

First-Level Office Unit

776 E Riverside Dr. Unit 240, Eagle, ID 83616

$46,028

1,615 SF

View details

Corner Retail Condominium Suite

36 N Echohawk Ln Unit 103, Eagle, ID 83616

$750,000

1,880 SF

View details

Finished Flex Condo Unit

1065 S Parkinson St, Eagle, ID 83616

$750,000

2,002 SF

View details

Finished Flex Condo with Roll-Up Door

1065 S Parkinsons St (Unit B), Eagle, ID 83616

$750,000

2,002 SF

View details

Equestrian Property with Large Shop

10060 N Hwy 16, Eagle, ID 83616

$1,535,000

2,395 SF

View details

Equestrian Property with Remodeled Home

1381 W Meander Dr, Eagle, ID 83616

$3,000,000

4,091 SF

View details

Mixed-Use Flex Condos

224 South Herons Flight Lane, Eagle, ID 83616

$675,000

View details

Industrial Building With Fenced Yard

3744 N Highway 16, Eagle, ID 83616

Contact for pricing

4,200 SF

View details

CBD Office Building

645 E State St, Eagle, ID 83616

Contact for pricing

6,286 SF

View details

Frequently Asked Questions

What type of property is this?

Self storage facility - Insulated storage condominium with dedicated power, RV hookup, secure access, and shared washout and clubhouse amenities.

Where is this self storage facility located?

The property is located at 9049 Horseshoe Bend Road Eagle, ID.

What is the asking price?

The asking price for this property is $269,900.

What are key features of this property?

This property features: Deeded 1,300 SF storage condominium; 26' x 50' unit with a 26' peak ceiling; 16' insulated overhead door and separate man door