Self Storage Facility with Roll-Up
For Sale
Contact for pricing
24 E Industrial Rd, Washington, UT 84780
Individual storage units are available with A/C and heating, plus a 149 roll-up door and on-site utilities.
Property Size2,640 SF
Price / SF$185.61
Days on Market970
Property Features for 24 E Industrial Rd
General Information
Standard status
Active
Size
2,640 SF
Property subtype
INDUSTRIAL
Amenities
A/C & Heating
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: Oct 26
Last Checked: Oct 30 at 1:48PM
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
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Investment Insights
Based on property information with market context.
This self storage facility includes A/C and heating and is offered for sale with the ability to purchase individual storage units. The property features varying storage sizes and a 149 roll-up door, with power available. Additional configuration is possible, with notes indicating the option to add an office and more storage.
On-site amenities include a restroom, water tap, and air hose, along with a clubhouse. The property is described as suitable for boat or RV storage, hobby cars, or shop space, and is subject to protective covenants.
Also noted is that this opportunity may work for owner-use or as an investment property. A 3% buyer agent/office commission is referenced in the remarks.
On-site amenities include a restroom, water tap, and air hose, along with a clubhouse. The property is described as suitable for boat or RV storage, hobby cars, or shop space, and is subject to protective covenants.
Also noted is that this opportunity may work for owner-use or as an investment property. A 3% buyer agent/office commission is referenced in the remarks.
Key Highlights
- Individual storage units with A/C & heating
- Units include a 14' roll‑up door and power; can add office and additional storage
- On‑site amenities: restroom, water tap, and air hose
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,281
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
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
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 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 5.16%
Second Best
Warehouse
$319.2K
$279.3K – $372.4K
NOI $22,345 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$727.0K
$636.1K – $848.2K
NOI $50,889 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Self storage facility - Individual storage units are available with A/C and heating, plus a 149 roll-up door and on-site utilities.
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 $490,000.
What are key features of this property?
This property features: Individual storage units with A/C & heating; Units include a 14' roll‑up door and power; can add office and additional storage; On‑site amenities: restroom, water tap, and air hose
