Insulated Self-Storage
For Sale
$115,000
2899 Venture Drive Unit 77, Prescott, AZ 86301
Secure, climate-protected storage unit with dedicated power, an oversized roll-up door, and member-access facility amenities.
Property Size641 SF
Price / SF$179.41
Days on Market27
Property Features for 2899 Venture Drive Unit 77
General Information
Standard status
Active
Size
641 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Power
20 amps
Sprinkler System
Yes
Amenities
LED Lighting
LiftMaster keypad & door opener
Wash & detail stations
complementary air
dump station
restrooms
ICE station
24hr secured member access
Building Details
Year Built
2019
Listing Agency:
eXp Realty
(404) 689-4408
Listed By:
The Right Move Real Estate Group · License #.
Source:
Thebergaminigroup
Added: Aug 4
Changed: Aug 29
Last Checked: Aug 29 at 5:39PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Unit 77 is a 641-square-foot self-storage condo completed in 2019, measuring 14 feet by 45 feet. The space features R-12 insulation, a vapor barrier, LED lighting, upgraded electrical service for recreational vehicles and other stored equipment, and dedicated 20-amp power. A 14-foot-high by 12-foot-4-inch-wide Clopay door provides access, with a LiftMaster keypad and opener. The unit is protected by a dry fire sprinkler system.
The facility is located at 2899 Venture Drive in Prescott, off Highway 89A. Member access is secured around the clock. Shared amenities include wash and detail stations, complimentary air, a dump station, men’s and women’s restrooms, and an ice station. A pet spa and boarding facility is located next door.
The facility is located at 2899 Venture Drive in Prescott, off Highway 89A. Member access is secured around the clock. Shared amenities include wash and detail stations, complimentary air, a dump station, men’s and women’s restrooms, and an ice station. A pet spa and boarding facility is located next door.
Key Highlights
- 641 SF self‑storage condo measuring 14' X 45'
- Completed in 2019 with R‑12 insulation and vapor barrier
- 14' high X 12'4'' wide Clopay door with LiftMaster keypad and opener
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
$6,259
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
5.44%
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%
$125,180
$125.2K
Cap Rate 7%
$89,414
$89.4K
Cap Rate 9%
$69,544
$69.5K
Market Conditions
NOI Build-Up for 641 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
$9.6K $15.00/SF
− Vacancy
−$673 −$1.05/SF
EGI
$8.9K $13.95/SF
− OpEx
−$2.7K −$4.19/SF
NOI
$6.3K $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%
$125,180
Cap Rate 7%
$89,414
Cap Rate 9%
$69,544
Alternative Uses
Best Use
Warehouse
$214.7K
$187.9K – $250.5K
NOI $15,031 @ 7.0% cap · market cap 13.07%
Second Best
Self Storage
$89.4K
$78.2K – $104.3K
NOI $6,259 @ 7.0% cap · market cap 5.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Secure, climate-protected storage unit with dedicated power, an oversized roll-up door, and member-access facility amenities.
Where is this self storage facility located?
The property is located at 2899 Venture Drive Unit 77 Prescott, AZ.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 641 SF self‑storage condo measuring 14' X 45'; Completed in 2019 with R‑12 insulation and vapor barrier; 14' high X 12'4'' wide Clopay door with LiftMaster keypad and opener
