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 Market1067
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: Oct 10
Last Checked: Oct 24 at 6:56PM
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
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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 / Yr
$11,491
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
9
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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
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
