321 1St Ave Picabo, ID 83348
This exceptional investment opportunity presents a newly constructed storage facility in the vibrant town of Picabo, Idaho. Located at 321 1st St, Unit 8, this property boasts eleven individual storage units, each measuring 933 square feet. The building sits on a sizable 0.92-acre lot, providing ample space and potential for future expansion. Each unit features convenient 12' wide x 14' high overhead doors, allowing for easy access for a variety of storage needs. The units are well-insulated and equipped with 220-volt electrical service, ensuring year-round usability and functionality. Owners provide heaters for added convenience. The dimensions of each unit are approximately 60 feet long by 16 feet wide. The property is currently under final plat approval and awaiting a permit inspection (Certificate of Occupancy), with an estimated completion date of mid-February. This is a rare chance to acquire a turnkey storage facility with immediate income potential in a growing market. The asking price for the entire facility is $220,000. All sales are contingent upon final plat approval and the issuance of a Certificate of Occupancy. This presents a strong investment opportunity with significant potential for return. Don't miss out on this chance to own a thriving storage business in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.