Insulated Warehouse
For Sale
$285,000
Bldg G_2 24 E Industrial Dr, Washington, UT 84780
Commercial Sale, Washington, UT
Property Size1,440 SF
Price / SF$197.92
Days on Market861
Property Features for Bldg G_2 24 E Industrial Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
See Map
Subdivision
Greater St. George
Standard status
Active
APN
W-FLSC-G-1
Size
1,440 SF
Amenities
restroom
water tap
air hose
clubhouse
Building Details
Year built
2024
Floors in Building
1
Listing Agency:
CENTURY 21 EVEREST ST GEORGE
(435) 673-9266
Listed By:
BRYAN S BURNETT · License #5496981-SA
(435) 375-4564
Added: May 1, 2024
Changed: Aug 31
Last Checked: Sep 8 at 11:06AM
MLS# 24-250609
Copyright © 2026 Washington County Board of Realtors. 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 2024 warehouse condominium property offers commercial-grade insulated construction within a private facility. The listed property size is 1,440 square feet, with multiple unit configurations available. Each unit includes air conditioning and heating, a 14-foot powered roll-up door, a 50 AMP plug, a 100 AMP electrical panel, and 110-volt outlets throughout. Office and supplemental storage additions are also possible.
Shared amenities include a clubhouse, restrooms, a water tap, and an air hose. The units are suited to storage and workspace applications involving motorhomes, boats, classic cars, or hobby activities. The property is located in Washington, Utah, within the 84780 ZIP code.
Shared amenities include a clubhouse, restrooms, a water tap, and an air hose. The units are suited to storage and workspace applications involving motorhomes, boats, classic cars, or hobby activities. The property is located in Washington, Utah, within the 84780 ZIP code.
Key Highlights
- 2024 construction with insulated, commercial‑grade building design
- 1,440 square feet listed property size
- 14‑foot powered roll‑up door
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
$13,789
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
4.84%
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%
$275,780
$275.8K
Cap Rate 7%
$196,986
$197.0K
Cap Rate 9%
$153,211
$153.2K
Market Conditions
NOI Build-Up for 1,440 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
$20.7K $14.40/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$19.7K $13.68/SF
− OpEx
−$5.9K −$4.10/SF
NOI
$13.8K $9.58/SF
Area
Washington County, UT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$275,780
Cap Rate 7%
$196,986
Cap Rate 9%
$153,211
Alternative Uses
Best Use
Self Storage
$197.0K
$172.4K – $229.8K
NOI $13,789 @ 7.0% cap · market cap 4.84%
Second Best
Warehouse
$174.1K
$152.4K – $203.1K
NOI $12,188 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$396.5K
$347.0K – $462.6K
NOI $27,758 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84780, UT
28,025
Population
12,922
Households
2.2
Avg Household Size
36
Median Age
35%
College-Educated
94%
High-School Grad
61.8 sq mi
ZIP Area
453
Density / Sq Mi
$94,103
Median Household Income
$42,098
Median Earnings
$1,581
Median Rent
$511,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Falcon Storage — 24 E Industrial Rd, Washington, UT 84780
- Watchful Eye RV & Boat Storage — 630 N 3050 E # C5, St. George, UT 84790
- Storage Corner Washington — 705 N 3050 E, St. George, UT 84790
- Marine United - St. George — 2938 E Panther Wy, St. George, UT 84790
Frequently Asked Questions
What type of property is this?
Warehouse - Private commercial units offer climate control, powered access, dedicated electrical service, and shared facility amenities.
Where is this warehouse located?
The property is located at Bldg G_2 24 E Industrial Dr Washington, UT.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2024 construction with insulated, commercial‑grade building design; 1,440 square feet listed property size; 14‑foot powered roll‑up door
