Garage Storage
2-12002 N Falcon Dr Fountain Hills, AZ 85268
2-12002 N Falcon Dr, Fountain Hills, AZ, 85268
$729,000
For Sale
$729,000
High-clearance garage condo with insulated overhead door, HVAC, polished concrete floors, and a private bathroom.
Property Size1,635 SF
Price / SF$445.87
Days on Market111
Property Features for 2-12002 N Falcon Dr
General Information
- Standard status
- Active
- Size
- 1,635 SF
Listing Agency
West USA Realty
(480) 432-6764
Listed by
Heather M Tolis
(480) 432-6764
Source
Exprealty
Added: Mar 30 Checked: Jul 18 at 2:13 am
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 West USA Realty
Investment Insights
Based on property information with market context.
A superior-built garage storage condominium designed for secure vehicle, equipment, or showroom storage. The unit features approximately 19.5' clear ceiling height, painted drywall interior, polished concrete floors, and a private bathroom. Interior comfort and utility include an HVAC unit, LED lighting, and a fire sprinkler system. Access is provided by a 14' x 14' insulated overhead door with smart opener.
The construction includes high-performance S.I.P. panel building with listed insulation R-values for roof and walls, along with Energy Star efficiency. Electrical service includes 100-amp 3-phase service and a 50-amp RV outlet, and the unit also includes secure private entry.
Ownership is individually titled with CC&Rs protecting value. Located at 2-12002 N Falcon Dr in Fountain Hills, Arizona.
The construction includes high-performance S.I.P. panel building with listed insulation R-values for roof and walls, along with Energy Star efficiency. Electrical service includes 100-amp 3-phase service and a 50-amp RV outlet, and the unit also includes secure private entry.
Ownership is individually titled with CC&Rs protecting value. Located at 2-12002 N Falcon Dr in Fountain Hills, Arizona.
Key Highlights
- Garage storage condominium in Fountain Hills with individually titled ownership and CC&Rs
- Approximately 1,630 SF per unit with 19.5' clear ceiling height for lifts, mezzanines, or custom build‑outs
- 14' x 14' insulated overhead door with smart opener plus 100‑amp 3‑phase electrical service and LED lighting
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $18.96 |
| − Vacancy | −$1.5k | −$0.95 |
| EGI | $29.4k | $18.01 |
| − OpEx | −$8.8k | −$5.40 |
| NOI | $20.6k | $12.61 |
1,635 SF · lease $18.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$294.5K
$257.7K – $343.6K
NOI $20,615 @ 7.0% cap · market cap 2.83%
Second Best
Warehouse
$240.2K
$210.1K – $280.2K
NOI $16,811 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$505.7K
$442.5K – $590.0K
NOI $35,402 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - High-clearance garage condo with insulated overhead door, HVAC, polished concrete floors, and a private bathroom.
Where is this self storage facility located?
The property is located at 2-12002 N Falcon Dr Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Garage storage condominium in Fountain Hills with individually titled ownership and CC&Rs; Approximately 1,630 SF per unit with 19.5' clear ceiling height for lifts, mezzanines, or custom build‑outs; 14' x 14' insulated overhead door with smart opener plus 100‑amp 3‑phase electrical service and LED lighting
