Climate-Controlled Storage
For Sale
$475,000
Bldg F 24 E Industrial Dr, Washington, UT 84780
Units offer heating and cooling, powered roll-up access, and electrical service, with the option to add office or storage space.
Property Size2,640 SF
Price / SF$179.92
Days on Market908
Property Features for Bldg F 24 E Industrial Dr
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Commercial
Warehouse & Industrial
Power
100 amps
Conditioned Warehouse
Yes
Additional Details
Property Use
Storage
Amenities
Clubhouse
Restroom
Water tap
Air hose
Building Details
Building Size
2,640 SF
Year Built
2024
Stories
1
Listing Agency:
S. HINDI REAL ESTATE INC
Listed By:
Sarah Hindi & Annica Wright
(435) 773-3905
Source:
Hindihometeam
Added: May 1, 2024
Changed: Oct 24
Last Checked: Oct 24 at 2:52PM
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 S. HINDI REAL ESTATE INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
These commercial-grade storage condos are insulated and equipped with heating and air conditioning. Each has a powered 14-foot roll-up door, a 50-amp plug, a 100-amp electrical panel, and 110-volt outlets. Office space and additional storage can be added. Unit sizes vary, and stated dimensions are approximate.
The private facility includes restrooms, a water tap, an air hose, and a clubhouse. The units can accommodate storage for motorhomes, boats, and classic cars, or use as hobby shops.
The private facility includes restrooms, a water tap, an air hose, and a clubhouse. The units can accommodate storage for motorhomes, boats, and classic cars, or use as hobby shops.
Key Highlights
- Insulated, commercial‑grade storage condos with heating and air conditioning
- 14‑foot powered roll‑up door, 50‑amp plug, and 100‑amp panel in each unit
- 110‑volt outlets throughout; office and extra storage can be added
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,281
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,620
$505.6K
Cap Rate 7%
$361,157
$361.2K
Cap Rate 9%
$280,900
$280.9K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$38.0K $14.40/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$36.1K $13.68/SF
− OpEx
−$10.8K −$4.10/SF
NOI
$25.3K $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%
$505,620
Cap Rate 7%
$361,157
Cap Rate 9%
$280,900
Alternative Uses
Best Use
Self Storage
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 5.32%
Second Best
Warehouse
$319.2K
$279.3K – $372.4K
NOI $22,345 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$727.0K
$636.1K – $848.2K
NOI $50,889 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
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
Frequently Asked Questions
What type of property is this?
Self storage facility - Units offer heating and cooling, powered roll-up access, and electrical service, with the option to add office or storage space.
Where is this self storage facility located?
The property is located at Bldg F 24 E Industrial Dr Washington, UT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Insulated, commercial‑grade storage condos with heating and air conditioning; 14‑foot powered roll‑up door, 50‑amp plug, and 100‑amp panel in each unit; 110‑volt outlets throughout; office and extra storage can be added
