Insulated Self-Storage
New
For Sale
$125,000
2899 Venture Dr, Prescott, AZ 86301
Secured storage unit with keypad access, dedicated power, and shared wash and dump amenities.
Property Size546 SF
Price / SF$228.94
Days on Market3
Property Features for 2899 Venture Dr
General Information
Standard status
Active
Size
546 SF
Warehouse & Industrial
Drive-In Doors
1
Power
20 amps
Cold Storage
No
Amenities
24-hour secured member access
professional maintenance
Keypad entrance code
timed lights
Wash & detail station
air & water station
dump station
ice station
Building Details
Year Built
2020
Listing Agency:
Realty ONE Group Mountain Desert
Listed By:
Jill A Axe
(520) 255-1069
Source:
Legacyren
Added: Sep 5
Last Checked: Sep 6 at 11:34AM
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 Realty ONE Group Mountain Desert
Investment Insights
Based on property information with market context.
Unit 117 is a 546-square-foot self-storage bay at 2899 Venture Dr in Prescott, Arizona. The approximately 13' X 42' unit includes a 14' bay door operated by keypad, full insulation with a vapor barrier and R-12 insulation, timed lighting, and individual 20 amp power. The facility was built in 2020 and provides 24-hour secured member access.
Shared amenities include wash and detail facilities, air and water stations, a dump station, and an ice station. The property also features 6' thick concrete driveways with extra width for maneuvering. Electric is included in the CPOA fee, and the facility is intended for storage of RVs, boats, and cars.
Shared amenities include wash and detail facilities, air and water stations, a dump station, and an ice station. The property also features 6' thick concrete driveways with extra width for maneuvering. Electric is included in the CPOA fee, and the facility is intended for storage of RVs, boats, and cars.
Key Highlights
- 546‑square‑foot Unit 117 in a 2020‑built self‑storage facility
- Approximately 13' X 42' bay with a 14' bay door and keypad operation
- Full insulation, vapor barrier, and R‑12 insulation
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
$5,332
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
4.27%
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%
$106,640
$106.6K
Cap Rate 7%
$76,171
$76.2K
Cap Rate 9%
$59,244
$59.2K
Market Conditions
NOI Build-Up for 546 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
$8.2K $15.00/SF
− Vacancy
−$573 −$1.05/SF
EGI
$7.6K $13.95/SF
− OpEx
−$2.3K −$4.19/SF
NOI
$5.3K $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%
$106,640
Cap Rate 7%
$76,171
Cap Rate 9%
$59,244
Alternative Uses
Best Use
Warehouse
$182.9K
$160.1K – $213.4K
NOI $12,804 @ 7.0% cap · market cap 10.24%
Second Best
Self Storage
$76.2K
$66.7K – $88.9K
NOI $5,332 @ 7.0% cap · market cap 4.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
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 keypad access, dedicated power, and shared wash and dump amenities.
Where is this self storage facility located?
The property is located at 2899 Venture Dr Prescott, AZ.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 546‑square‑foot Unit 117 in a 2020‑built self‑storage facility; Approximately 13' X 42' bay with a 14' bay door and keypad operation; Full insulation, vapor barrier, and R‑12 insulation
