Insulated Storage Warehouse
For Sale
Contact for pricing
24 E Industrial Rd, Washington, UT 84780
Insulated, secured storage units with roll-up doors, climate control, 100-amp power, and on-site restroom and clubhouse.
Property Size960 SF
Price / SF$210
Days on Market650
Property Features for 24 E Industrial Rd
General Information
Standard status
Active
Size
960 SF
Property subtype
INDUSTRIAL
Amenities
clubhouse
restrooms
air conditioning and heating
water tap
air hose
Listing Agency:
NAI Excel
(435) 628-1609
Listed By:
Wes Davis · License #5502820-SA00
(435) 627-5705
Source:
Moodyscre
Added: Nov 27, 2024
Changed: Aug 14
Last Checked: Jul 22 at 10:32AM
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 NAI Excel
Investment Insights
Based on property information with market context.
These for-sale storage warehouse condominium units are built as insulated, commercial-grade buildings within a private, secure facility. The property includes a clubhouse and restrooms, along with unit-level features such as A/C and heating. Each unit is equipped with a 100-amp power panel, making the space suitable for storage and light shop use.
Unit configurations include sizes of 24x40 and 24x60, with 14’ or 16’ roll-up doors. On-site amenities listed with the property include a restroom, water tap, and air hose, supported by a clubhouse area.
The storage layout is designed to support a range of uses, including boat and RV storage, classic car storage, and hobby shop space, and the information provided notes that office space and a mezzanine can be added.
Unit configurations include sizes of 24x40 and 24x60, with 14’ or 16’ roll-up doors. On-site amenities listed with the property include a restroom, water tap, and air hose, supported by a clubhouse area.
The storage layout is designed to support a range of uses, including boat and RV storage, classic car storage, and hobby shop space, and the information provided notes that office space and a mezzanine can be added.
Key Highlights
- Commercial‑grade insulated storage units in a private secure facility
- Various unit sizes: 24x40 and 24x60 with 14' or 16' roll‑up doors
- Each unit includes a 100 amp power panel
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
$9,193
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
4.56%
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%
$183,860
$183.9K
Cap Rate 7%
$131,329
$131.3K
Cap Rate 9%
$102,144
$102.1K
Market Conditions
NOI Build-Up for 960 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
$13.8K $14.40/SF
− Vacancy
−$691 −$0.72/SF
EGI
$13.1K $13.68/SF
− OpEx
−$3.9K −$4.10/SF
NOI
$9.2K $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%
$183,860
Cap Rate 7%
$131,329
Cap Rate 9%
$102,144
Alternative Uses
Best Use
Self Storage
$131.3K
$114.9K – $153.2K
NOI $9,193 @ 7.0% cap · market cap 4.56%
Second Best
Warehouse
$116.1K
$101.6K – $135.4K
NOI $8,125 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$264.4K
$231.3K – $308.4K
NOI $18,505 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Self storage facility - Insulated, secured storage units with roll-up doors, climate control, 100-amp power, and on-site restroom and clubhouse.
Where is this self storage facility located?
The property is located at 24 E Industrial Rd Washington, UT.
What is the asking price?
The asking price for this property is $201,600.
What are key features of this property?
This property features: Commercial‑grade insulated storage units in a private secure facility; Various unit sizes: 24x40 and 24x60 with 14' or 16' roll‑up doors; Each unit includes a 100 amp power panel
