Insulated Self-Storage Condo
For Sale
Contact for pricing
24 E Industrial Rd, Washington, UT 84780
Insulated storage units within a private facility with clubhouse, restrooms, and on-site water and air amenities.
Property Size1,200 SF
Price / SF$175
Days on Market1021
Property Features for 24 E Industrial Rd
General Information
Standard status
Active
Size
1,200 SF
Property subtype
INDUSTRIAL
Amenities
clubhouse
restrooms
water tap
air hose
A/C & heating
Listing Agency:
NAI Excel
(435) 628-1609
Listed By:
Wes Davis · License #5502820-SA00
(435) 627-5705
Source:
Moodyscre
Added: Nov 23, 2023
Changed: Sep 8
Last Checked: Sep 8 at 9:32AM
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.
This offering includes insulated, commercial-grade self-storage condo units housed in a private facility. The property includes a clubhouse and restrooms, along with on-site amenities such as a water tap and an air hose. A/C and heating are available for the units.
The facility is designed for versatile storage needs, with condos noted as suitable for motor homes, boats, classic cars, and hobby uses. Unit configurations can include a 14’ roll-up door and power, with the potential to add office and additional storage as needed, subject to applicable restrictions.
Protective covenants apply. The units are described as an opportunity to purchase individual storage spaces within the facility.
The facility is designed for versatile storage needs, with condos noted as suitable for motor homes, boats, classic cars, and hobby uses. Unit configurations can include a 14’ roll-up door and power, with the potential to add office and additional storage as needed, subject to applicable restrictions.
Protective covenants apply. The units are described as an opportunity to purchase individual storage spaces within the facility.
Key Highlights
- Insulated commercial‑grade storage units in a private facility
- Private facility includes a clubhouse and restrooms
- On‑site amenities include a water tap and air hose
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
$11,491
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
5.47%
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%
$229,820
$229.8K
Cap Rate 7%
$164,157
$164.2K
Cap Rate 9%
$127,678
$127.7K
Market Conditions
NOI Build-Up for 1,200 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
$17.3K $14.40/SF
− Vacancy
−$864 −$0.72/SF
EGI
$16.4K $13.68/SF
− OpEx
−$4.9K −$4.10/SF
NOI
$11.5K $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%
$229,820
Cap Rate 7%
$164,157
Cap Rate 9%
$127,678
Alternative Uses
Best Use
Self Storage
$164.2K
$143.6K – $191.5K
NOI $11,491 @ 7.0% cap · market cap 5.47%
Second Best
Warehouse
$145.1K
$127.0K – $169.3K
NOI $10,157 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$330.4K
$289.1K – $385.5K
NOI $23,131 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Insulated storage units within a private facility with clubhouse, restrooms, and on-site water and air amenities.
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 $210,000.
What are key features of this property?
This property features: Insulated commercial‑grade storage units in a private facility; Private facility includes a clubhouse and restrooms; On‑site amenities include a water tap and air hose
