Self-Storage Condo with Power
For Sale
$190,000
Bldg G 24 E Industrial Dr, Washington, UT 84780
Insulated storage units include heating and cooling, electrical service, and access to shared facility amenities.
Property Size960 SF
Price / SF$197.92
Days on Market908
Property Features for Bldg G 24 E Industrial Dr
General Information
Standard status
Active
Size
960 SF
Property subtype
Commercial
Additional Details
Property Use
Self Storage
Amenities
restroom
water tap
air hose
clubhouse
Building Details
Building Size
960 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 3:05PM
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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Investment Insights
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Built in 2024, these commercial storage condos are insulated and equipped with air conditioning and heating. Each unit has a 14-foot powered roll-up door, a 50-amp plug, a 100-amp electrical panel, and 110-volt outlets. Office space and additional storage can be added.
The private facility includes a clubhouse, restrooms, a water tap, and an air hose. Located on East Industrial Drive in Washington, Utah, the units are described for storage of motorhomes, boats, and classic cars, as well as hobby-shop use.
The private facility includes a clubhouse, restrooms, a water tap, and an air hose. Located on East Industrial Drive in Washington, Utah, the units are described for storage of motorhomes, boats, and classic cars, as well as hobby-shop use.
Key Highlights
- 2024 construction
- Insulated commercial storage condos with air conditioning and heating
- 14‑foot powered roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,193
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
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
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 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 4.84%
Second Best
Warehouse
$116.1K
$101.6K – $135.4K
NOI $8,125 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$264.4K
$231.3K – $308.4K
NOI $18,505 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
234
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
Frequently Asked Questions
What type of property is this?
Self storage facility - Insulated storage units include heating and cooling, electrical service, and access to shared facility amenities.
Where is this self storage facility located?
The property is located at Bldg G 24 E Industrial Dr Washington, UT.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 2024 construction; Insulated commercial storage condos with air conditioning and heating; 14‑foot powered roll‑up door
