Insulated Self-Storage Condo
24 E Industrial Rd Washington, UT 84780
For Sale
Contact for pricing
Insulated storage units within a private facility with clubhouse, restrooms, and on-site water and air amenities.
Property Size1,200 SF
Price / SF$175
Days on Market976
Property Features for 24 E Industrial Rd
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
NAI Excel
(435) 627-5705
Listed By:
Wes Davis · License #5502820-SA00
Source:
Moodyscre
Added: Nov 23, 2023
Changed: Jul 25
Last Checked: Jul 25 at 5:01AM
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 NAI Excel
Investment Insights
Based on property information with market context.
This offering includes insulated, commercial-grade self-storage condo units housed in a private facility. The property includes a clubhouse and restrooms, along with on-site amenities such as a water tap and an air hose. A/C and heating are available for the units.
The facility is designed for versatile storage needs, with condos noted as suitable for motor homes, boats, classic cars, and hobby uses. Unit configurations can include a 14’ roll-up door and power, with the potential to add office and additional storage as needed, subject to applicable restrictions.
Protective covenants apply. The units are described as an opportunity to purchase individual storage spaces within the facility.
The facility is designed for versatile storage needs, with condos noted as suitable for motor homes, boats, classic cars, and hobby uses. Unit configurations can include a 14’ roll-up door and power, with the potential to add office and additional storage as needed, subject to applicable restrictions.
Protective covenants apply. The units are described as an opportunity to purchase individual storage spaces within the facility.
Key Highlights
- Insulated commercial‑grade storage units in a private facility
- Private facility includes a clubhouse and restrooms
- On‑site amenities include a water tap and air hose
Financial Insights For Self Storage
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 | $17.3k | $14.40 |
| − Vacancy | −$864 | −$0.72 |
| EGI | $16.4k | $13.68 |
| − OpEx | −$4.9k | −$4.10 |
| NOI | $11.5k | $9.58 |
1,200 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$164.2K
$143.6K – $191.5K
NOI $11,491 @ 7.0% cap · market cap 5.47%
Second Best
Warehouse
$145.1K
$127.0K – $169.3K
NOI $10,157 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$330.4K
$289.1K – $385.5K
NOI $23,131 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Insulated storage units within a private facility with clubhouse, restrooms, and on-site water and air amenities.
Where is this self storage facility located?
The property is located at 24 E Industrial Rd Washington, UT.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Insulated commercial‑grade storage units in a private facility; Private facility includes a clubhouse and restrooms; On‑site amenities include a water tap and air hose
