End-Unit Self-Storage
For Sale
$145,000
2899 VENTURE Drive 56, Prescott, AZ 86301
Secured storage unit with power, sprinkler protection, and access to on-site wash and restroom facilities.
Property Size700 SF
Price / SF$207.14
Days on Market43
Property Features for 2899 VENTURE Drive 56
General Information
Standard status
Active
Size
700 SF
Property subtype
Comm/Industry Sale
Warehouse & Industrial
Power
20 amps
Sprinkler System
Yes
Self-Storage Units
1
Amenities
wash and detail stations
dump station
M & W Restrooms
ICE station
Listing Agency:
RealtyONEGroup Mountain Desert
(928) 800-4707
Listed By:
Shawn Patrick Danley · License #BR559269000
(928) 800-4707
Source:
Kelliesellsaz
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 5:23PM
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 RealtyONEGroup Mountain Desert
Investment Insights
Based on property information with market context.
This end-position storage condo measures 700 square feet, with overall dimensions of 13 feet by 50 feet. The unit includes epoxy flooring, 20-amp power, a LiftMaster keypad and door opener, and fire sprinkler coverage. East-facing orientation limits afternoon sun exposure at the entry.
The property provides 24-hour secured gated access within the LUXTOR facility. On-site amenities include wash and detail stations, a dump station, men’s and women’s restrooms, and an ICE station. The unit is located at 2899 Venture Drive, Unit 56, in Prescott, Arizona.
The property provides 24-hour secured gated access within the LUXTOR facility. On-site amenities include wash and detail stations, a dump station, men’s and women’s restrooms, and an ICE station. The unit is located at 2899 Venture Drive, Unit 56, in Prescott, Arizona.
Key Highlights
- 700‑square‑foot end unit with 13‑foot by 50‑foot overall dimensions
- 24‑hour secured gated access
- Epoxy flooring, 20‑amp power, and fire sprinkler protection
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
$6,836
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
4.71%
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%
$136,720
$136.7K
Cap Rate 7%
$97,657
$97.7K
Cap Rate 9%
$75,956
$76.0K
Market Conditions
NOI Build-Up for 700 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
$10.5K $15.00/SF
− Vacancy
−$735 −$1.05/SF
EGI
$9.8K $13.95/SF
− OpEx
−$2.9K −$4.19/SF
NOI
$6.8K $9.76/SF
Area
Yavapai County, AZ
Vacancy
7.00%
Lease Rate
$15.00 /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%
$136,720
Cap Rate 7%
$97,657
Cap Rate 9%
$75,956
Alternative Uses
Best Use
Warehouse
$234.5K
$205.2K – $273.6K
NOI $16,415 @ 7.0% cap · market cap 11.32%
Second Best
Self Storage
$97.7K
$85.5K – $113.9K
NOI $6,836 @ 7.0% cap · market cap 4.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 86301, AZ
25,115
Population
13,863
Households
1.8
Avg Household Size
57
Median Age
37%
College-Educated
96%
High-School Grad
33.4 sq mi
ZIP Area
752
Density / Sq Mi
$71,962
Median Household Income
$33,989
Median Earnings
$1,580
Median Rent
$495,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Secured storage unit with power, sprinkler protection, and access to on-site wash and restroom facilities.
Where is this self storage facility located?
The property is located at 2899 VENTURE Drive 56 Prescott, AZ.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 700‑square‑foot end unit with 13‑foot by 50‑foot overall dimensions; 24‑hour secured gated access; Epoxy flooring, 20‑amp power, and fire sprinkler protection
