20-Unit Self Storage
122 E FORD AVE, South Salt Lake, UT 84115
For Sale
$1,068,000
BUS-A zoning and a Lorex camera system support the property's commercial storage configuration.
Property Size1,978 SF
Price / SF$154.78
Days on Market108
Property Features for 122 E FORD AVE
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Self-Storage Units
Amenities
Security System
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Legend Commercial, LLC
(801) 930-6750
Listed By:
Skyler Peterson · License UT #6991009
(801) 656-7354
Source:
Liftrealty
Added: Jul 30
Changed: Nov 12
Last Checked: Nov 12 at 7:10AM
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 Legend Commercial, LLC
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Investment Insights
Based on property information with market context.
This self-storage facility contains one building totaling 6,900 square feet with 20 storage units. The property has a 13-foot clear height, a Lorex security system with five cameras, new exterior paint, and a roof replacement with an in-place warranty. Built in 1978, the building is zoned BUS-A.
The property is located at 122 E Ford Ave in South Salt Lake, Utah, within the South Salt Lake submarket. Its existing unit count, security equipment, building improvements, and commercial zoning define the current storage-oriented configuration.
The property is located at 122 E Ford Ave in South Salt Lake, Utah, within the South Salt Lake submarket. Its existing unit count, security equipment, building improvements, and commercial zoning define the current storage-oriented configuration.
Key Highlights
- 6,900‑square‑foot self‑storage building with 20 storage units
- 13‑foot clear height
- Lorex security system with five cameras
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,568
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,360
$1.2M
Cap Rate 7%
$865,257
$865.3K
Cap Rate 9%
$672,978
$673.0K
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$91.1K $13.20/SF
− Vacancy
−$4.6K −$0.66/SF
EGI
$86.5K $12.54/SF
− OpEx
−$26.0K −$3.76/SF
NOI
$60.6K $8.78/SF
Area
Salt Lake County, UT
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,360
Cap Rate 7%
$865,257
Cap Rate 9%
$672,978
Alternative Uses
Best Use
Self Storage
$865.3K
$757.1K – $1.01M
NOI $60,568 @ 7.0% cap · market cap 5.67%
Second Best
Warehouse
$813.6K
$711.9K – $949.3K
NOI $56,955 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,127 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
13 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,660
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - BUS-A zoning and a Lorex camera system support the property's commercial storage configuration.
Where is this self storage facility located?
The property is located at 122 E FORD AVE South Salt Lake, UT.
What is the asking price?
The asking price for this property is $1,068,000.
What are key features of this property?
This property features: 6,900‑square‑foot self‑storage building with 20 storage units; 13‑foot clear height; Lorex security system with five cameras
