Insulated Storage Building
For Sale
$475,000
Bldg F 24 E Industrial Dr, Washington, UT 84780
COMMERCIAL - Washington, UT
Property Size2,640 SF
Price / SF$179.92
Days on Market831
Property Features for Bldg F 24 E Industrial Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
See Map
Subdivision
Greater St. George
Standard status
Active
APN
W-FLSC-F-1
Size
2,640 SF
Amenities
clubhouse
restrooms
water tap
air hose
Building Details
Year built
2024
Floors in Building
1
Listing Agency:
CENTURY 21 EVEREST ST GEORGE
(435) 673-9266
Listed By:
BRYAN S BURNETT · License #5496981-SA
(435) 375-4564
Added: May 1, 2024
Changed: Aug 4
Last Checked: Aug 9 at 4:06PM
MLS# 24-250605
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property offers multiple commercial-grade, insulated storage building units within a private facility. Each unit is equipped with A/C and heating, and features a 14' roll-up power door, a 50 AMP plug, and a 100 AMP panel. Units include 110 plugs throughout, with the ability to add office space and additional storage as needed.
Onsite amenities include a clubhouse, restrooms, a water tap, and an air hose. The facility is described as accommodating larger recreational and hobby uses such as motorhomes, boats, and classic cars.
All unit pricing and sizes are approximate and may vary by the specific unit selected. The total listing size is provided as 2,640 square feet, with multiple units available.
Onsite amenities include a clubhouse, restrooms, a water tap, and an air hose. The facility is described as accommodating larger recreational and hobby uses such as motorhomes, boats, and classic cars.
All unit pricing and sizes are approximate and may vary by the specific unit selected. The total listing size is provided as 2,640 square feet, with multiple units available.
Key Highlights
- Climate‑controlled units with A/C & Heating, ideal for sensitive storage or workspace.
- Secure, private facility with clubhouse and restrooms.
- High‑quality, commercial‑grade, insulated construction.
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
$25,281
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
5.32%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Commercial-grade, insulated storage units in a private facility with clubhouse and restrooms, plus A/C and heating.
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: Climate‑controlled units with A/C & Heating, ideal for sensitive storage or workspace.; Secure, private facility with clubhouse and restrooms.; High‑quality, commercial‑grade, insulated construction.
