Garage Storage
1-12002 N Falcon Dr Fountain Hills, AZ 85268
1-12002 N Falcon Dr, Fountain Hills, AZ, 85268
$599,000
For Sale
$599,000
Own a secure garage condo with 19.5' clear height, HVAC, polished concrete, and a 14' x 14' insulated overhead door.
Property Size1,355 SF
Price / SF$442.07
Days on Market115
Property Features for 1-12002 N Falcon Dr
General Information
- Standard status
- Active
- Size
- 1,355 SF
Listing agency
West USA Realty
(480) 432-6764
Listed by
Heather M Tolis
(480) 432-6764
Source
Exprealty
Added: Mar 30 Updated: Jul 22 at 1:58AM Checked: Jul 22 at 10:41AM
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 West USA Realty
Investment Insights
Based on property information with market context.
This property is a garage storage condominium offering secure, private-use space with features geared toward vehicle, equipment, and showroom setups. Each unit includes approximately 1,630 SF and a 19.5' clear ceiling height, with an insulated overhead door measuring 14' x 14'. Interiors are built with painted drywall and polished concrete floors, and units include an HVAC unit and a private bathroom. Electrical and life-safety systems are in place with 100-amp 3-phase service, LED lighting, and a fire sprinkler system, along with a secure private entry and a smart opener. Additional power includes a 50-amp RV outlet.
The development is described as using high-performance S.I.P. panel construction with Energy Star efficiency, including R51 roof and R25 wall insulation. Units are individually titled, with CC&Rs protecting value.
The property is located in Fountain Hills, Arizona, and is described as minutes from the airport and Scottsdale.
The development is described as using high-performance S.I.P. panel construction with Energy Star efficiency, including R51 roof and R25 wall insulation. Units are individually titled, with CC&Rs protecting value.
The property is located in Fountain Hills, Arizona, and is described as minutes from the airport and Scottsdale.
Key Highlights
- Secure garage storage condominium in Fountain Hills, AZ with approximately 1,630 SF per unit and 19.5' clear ceiling height.
- Includes HVAC, polished concrete floors, painted drywall interior, and a private bathroom.
- 14' x 14' insulated overhead door with smart opener and space suited for lifts, mezzanines, or custom build‑outs.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $18.96 |
| − Vacancy | −$1.3k | −$0.95 |
| EGI | $24.4k | $18.01 |
| − OpEx | −$7.3k | −$5.40 |
| NOI | $17.1k | $12.61 |
1,355 SF · lease $18.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 2.85%
Second Best
Warehouse
$199.0K
$174.2K – $232.2K
NOI $13,932 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$419.1K
$366.8K – $489.0K
NOI $29,340 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Own a secure garage condo with 19.5' clear height, HVAC, polished concrete, and a 14' x 14' insulated overhead door.
Where is this self storage facility located?
The property is located at 1-12002 N Falcon Dr Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Secure garage storage condominium in Fountain Hills, AZ with approximately 1,630 SF per unit and 19.5' clear ceiling height.; Includes HVAC, polished concrete floors, painted drywall interior, and a private bathroom.; 14' x 14' insulated overhead door with smart opener and space suited for lifts, mezzanines, or custom build‑outs.
