Self-Storage Facility with Roll-Up
For Sale
Contact for pricing
24 E Industrial Rd, Washington, UT 84780
Individually owned storage units with power and A/C, plus a 14’ roll-up door for secure roll-in access.
Property Size1,440 SF
Price / SF$202
Days on Market924
Property Features for 24 E Industrial Rd
General Information
Standard status
Active
Size
1,440 SF
Property subtype
INDUSTRIAL
Amenities
restroom
water tap
air hose
club house
Listing Agency:
NAI Excel
(435) 628-1609
Listed By:
Wes Davis · License #5502820-SA00
(435) 627-5705
Source:
Moodyscre
Added: Mar 5, 2024
Changed: Sep 15
Last Checked: Sep 15 at 11:28AM
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.
Self-storage facility for sale at 24 E Industrial Rd, Washington, UT 84780, offering individual storage-unit ownership. Units feature A/C and heating, varying sizes, power service, and 14’ roll-up door access designed for convenient drive-in storage.
On-site amenities include a restroom, water tap, air hose, and clubhouse. The property is set up to support storage use cases such as boat and RV storage, hobby cars, and shop space, with the ability to add an office and additional storage.
Protective covenants apply. Available unit sizes are listed at approximately ±1,440 to 1,960 square feet.
On-site amenities include a restroom, water tap, air hose, and clubhouse. The property is set up to support storage use cases such as boat and RV storage, hobby cars, and shop space, with the ability to add an office and additional storage.
Protective covenants apply. Available unit sizes are listed at approximately ±1,440 to 1,960 square feet.
Key Highlights
- Individually owned storage units with power and A/C & heating
- Units feature a 14' roll‑up door for secure roll‑in access
- Storage unit sizes range approximately 1,440–1,960 SF
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
4.74%
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 4.74%
Second Best
Warehouse
$174.1K
$152.4K – $203.1K
NOI $12,188 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$396.5K
$347.0K – $462.6K
NOI $27,758 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9
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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
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Frequently Asked Questions
What type of property is this?
Self storage facility - Individually owned storage units with power and A/C, plus a 14’ roll-up door for secure roll-in access.
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 $290,880.
What are key features of this property?
This property features: Individually owned storage units with power and A/C & heating; Units feature a 14' roll‑up door for secure roll‑in access; Storage unit sizes range approximately 1,440–1,960 SF
