Insulated Self-Storage
For Sale
$125,000
2899 Venture Drive, Prescott, AZ 86301
Commercial Sale, Prescott, AZ
Property Size546 SF
Price / SF$228.94
Days on Market106
Property Features for 2899 Venture Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Zoning description
Storage
Parking
1
Security features
Security Lighting
Exterior features
External Restroom, Fence, Handicap Access
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Subdivision
Luxtor Prescott Rv Storage Condominium
Lot features
Landscaped
Directions
89 A (Pioneer Pkwy) to Granite Dells Pkwy, South to East Centerpoint (small sign), Turn right (W) on Centerpoint, follow until it turns South and then turn right (W), onto Venture Dr to LUXTOR on the right.
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Description
Luxtor Prescott RV Storage Condominium per map2020-0032806Bldg D, UNIT 117
Tax Annual Amount
308
Legal Description
Luxtor Prescott RV Storage Condominium per map2020-0032806Bldg D, UNIT 117
Utilities
Utilities
Electricity Available
Water source
Public
Amenities
24-hour secured member access
professional maintenance
Wash & detail
air & water
dump station
ice station
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block/Brick, Steel Frame
Roof type
Metal
Listing Agency:
Realty ONE Group Mountain Desert
(928) 440-2522
Listed By:
Jill A Axe
(520) 255-1069
Added: May 9
Changed: Aug 19
Last Checked: Aug 22 at 10:06PM
MLS# 1081873
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit 117 is an enclosed self-storage space measuring approximately 13' X 42' and equipped with a 14' bay door operated by keypad. Full insulation, a vapor barrier, and R-12 insulation provide year-round protection from heat and cold. The unit also includes timed lighting and individual 20 amp power, with electricity included in the CPOA fee.
The facility provides secured member access, fenced grounds, concrete driveways, and services including wash and detail, air and water, dump, and ice stations. The unit is suited for storage of RVs, boats, and cars. The property was built in 2020 and features block/brick and steel-frame construction, concrete flooring, a metal roof, public water, and available electricity. It is located in Prescott, Arizona, and zoned LI.
The facility provides secured member access, fenced grounds, concrete driveways, and services including wash and detail, air and water, dump, and ice stations. The unit is suited for storage of RVs, boats, and cars. The property was built in 2020 and features block/brick and steel-frame construction, concrete flooring, a metal roof, public water, and available electricity. It is located in Prescott, Arizona, and zoned LI.
Key Highlights
- Approximately 13' X 42' enclosed storage unit
- 14' bay door with keypad operation
- R‑12 insulation with vapor barrier
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
77
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 - Enclosed commercial storage unit with keypad access, dedicated power, and protection from seasonal heat and cold.
Where is this self storage facility located?
The property is located at 2899 Venture Drive 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: Approximately 13' X 42' enclosed storage unit; 14' bay door with keypad operation; R‑12 insulation with vapor barrier
