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    30784-30986 Old Highway 95 Athol, ID 83801
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    30784-30986 Old Highway 95, Athol, ID 83801

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    • Self storage facilities
    • 700 SF
    • 4.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 30784-30986 Old Highway 95

    Year built
    2023
    Lot size
    4.17 lot acres
    Property type
    Self storage facilities

    Description

    Invest in this exceptional 70-unit luxury garage condo complex, newly constructed in 2023 in Athol, Idaho. Situated on a 4.16-acre lot, this property boasts a total of 67,725 square feet of net rentable space, with individual units ranging from 700 to 1,700 square feet. Currently vacant, this presents a unique opportunity for immediate income generation. The complex features five buildings, each equipped with state-of-the-art amenities. Units include insulated R19 walls and R30 ceilings, 14x14 insulated smart garage doors, smart man doors, and smart thermostats for individual climate control. Security is paramount with a fully fenced and gated facility, 24-hour video surveillance, and alarm and fire monitoring systems in every unit. Further enhancing convenience and security are Alarm.com smart technology features, including motion sensors, smart locks, and gate access via cellphone. Each unit is equipped with four to six LED shop lights, 100-amp electrical service, six outlets on a dedicated circuit, and 30 to 50-amp RV/boat outlets. A 675-square-foot clubhouse provides additional space for owners or tenants. The sale price is $135 per square foot. Tenant improvement options include two-post lifts, mezzanine buildouts, epoxy flooring, and shelving/cabinets. This property offers a compelling investment opportunity with high potential for return. The property is located at 30784-30986 N Old Hwy 95, Athol, ID 83801.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Athol
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.699
    Latitude
    47.9512

    Comparable in this City

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      $565,000
      22,845 SF

      54299 Old Hwy 95

      MINI-WAREHOUSE, STORAGE
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      View Details
    • Value Estimation
      $705,000
      30,600 SF

      6604 Trinity Ln

      MINI-WAREHOUSE, STORAGE
      6604 Trinity Ln, Athol, ID 83801-9188
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    • Value Estimation
      $805,000
      43,868 SF

      6522 Trinity Ln

      MINI-WAREHOUSE, STORAGE
      6522 Trinity Ln, Athol, ID 83801-8945
      View Details
    • Value Estimation by Request
      1,800 SF

      6025 Hwy 54

      MINI-WAREHOUSE, STORAGE
      6025 Hwy 54, Athol, ID 83801
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    • Value Estimation by Request
      5,000 SF

      5386 Brunner Rd

      MINI-WAREHOUSE, STORAGE
      5386 Brunner Rd, Athol, ID 83801
      View Details
    • Value Estimation
      $2,335,000
      115,200 SF

      5400 Hwy 54

      INDUSTRIAL (GENERAL)
      5400 Hwy 54, Athol, ID 83801-5243
      View Details

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    Athol, ID 83801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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