321 1St Ave Picabo, ID 83348
This exceptional investment opportunity presents a newly constructed storage facility in the vibrant town of Picabo, Idaho. Comprising eleven individual storage units, each boasting generous dimensions of approximately 60 feet long by 16 feet wide, this property offers significant income potential. The units feature impressive 12-foot-wide by 14-foot-high overhead doors, ensuring easy access for a variety of storage needs. Each unit encompasses 933 square feet of well-insulated space, equipped with 220-volt electrical service. Year-round accessibility is guaranteed, and owners provide heating units for added convenience. The property sits on a sizable 0.92-acre lot, providing ample space and potential for future expansion. This turnkey operation is poised for immediate income generation. The sale is contingent upon final plat approval and a successful permit inspection, resulting in the issuance of a Certificate of Occupancy. The estimated completion date is mid-February, making this a timely investment opportunity. Priced competitively at $220,000, this property represents a strong return on investment in a growing market. Don't miss this chance to acquire a high-demand storage facility 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.