Insulated Storage Condos with
For Sale
$285,000
Bldg G_2 24 E Industrial Dr, Washington, UT 84780
COMMERCIAL - Washington, UT
Property Size1,440 SF
Price / SF$197.92
Days on Market831
Property Features for Bldg G_2 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-G-1
Size
1,440 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# 24-250609
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.
This property offers multiple storage-unit condos in high-quality, commercial-grade insulated buildings within a private facility. Onsite amenities include a clubhouse and restrooms. Each unit includes A/C and heating, along with a 14' roll-up power door and electrical infrastructure for equipment use, including a 50 AMP plug, a 100 AMP panel, and multiple 110 plugs throughout. Some units can support additional improvements such as adding office space and more storage.
The facility is equipped with practical on-site features including a restroom, water tap, and an air hose, in addition to the clubhouse. Units are described as suitable for uses such as motorhomes, boats, classic cars, or a hobby shop. Pricing and unit sizes are approximate and may vary by the specific unit.
The facility is equipped with practical on-site features including a restroom, water tap, and an air hose, in addition to the clubhouse. Units are described as suitable for uses such as motorhomes, boats, classic cars, or a hobby shop. Pricing and unit sizes are approximate and may vary by the specific unit.
Key Highlights
- Climate‑controlled units with A/C & Heating, ideal for protecting valuable assets.
- 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
$13,789
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
4.84%
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%
$275,780
$275.8K
Cap Rate 7%
$196,986
$197.0K
Cap Rate 9%
$153,211
$153.2K
Market Conditions
NOI Build-Up for 1,440 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
$20.7K $14.40/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$19.7K $13.68/SF
− OpEx
−$5.9K −$4.10/SF
NOI
$13.8K $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%
$275,780
Cap Rate 7%
$196,986
Cap Rate 9%
$153,211
Alternative Uses
Best Use
Self Storage
$197.0K
$172.4K – $229.8K
NOI $13,789 @ 7.0% cap · market cap 4.84%
Second Best
Warehouse
$174.1K
$152.4K – $203.1K
NOI $12,188 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$396.5K
$347.0K – $462.6K
NOI $27,758 @ 7.0% cap · market cap 9.74%
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 - High-quality insulated storage buildings in a private facility with clubhouse, restrooms, and units featuring A/C and power doors.
Where is this self storage facility located?
The property is located at Bldg G_2 24 E Industrial Dr Washington, UT.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Climate‑controlled units with A/C & Heating, ideal for protecting valuable assets.; Secure, private facility with clubhouse and restrooms.; High‑quality, commercial‑grade, insulated construction.
