Insulated Self-Storage
For Sale
$115,000
2899 Venture Drive Unit 77, Prescott, AZ 86301
Commercial Sale, Prescott, AZ
Property Size630 SF
Price / SF$182.54
Days on Market118
Property Features for 2899 Venture Drive Unit 77
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, Sprinklers In Front
Directions
89A & Granite Dells PKWY, South to E Centerpoint Dr, West (R) on Centerpoint, follow along until it turns South and then turn West (right) on Venture to Luxtor on Left.
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Description
LUXTOR PRESCOTT RV STORAGE CONDOMINIUM PER MAP 2020-0032806. BLDG B, UNIT 77
Tax Annual Amount
297
Legal Description
LUXTOR PRESCOTT RV STORAGE CONDOMINIUM PER MAP 2020-0032806. BLDG B, UNIT 77
Utilities
Utilities
Electricity Available
Water source
Public
Amenities
fully secured
24hr secured member access
wash station
detail station
complementary air
dump station
restrooms
ICE station
Building Details
Year built
2019
Number of units
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
The Right Move Real Estate Group
(928) 273-3027
Added: May 4
Changed: Aug 20
Last Checked: Aug 29 at 12:06AM
MLS# 1081688
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.
This self-storage condo at LUXTOR measures 14' X 45' and was built in 2019. The unit features R12 insulation, a vapor barrier, LED lighting, concrete flooring, and a dry fire sprinkler system. An upgraded electrical setup includes dedicated 20 amp power, while the LiftMaster keypad and opener support convenient entry. The Clopay door measures 14' high X 12'4'' wide.
Located off HWY 89A in Prescott, the facility provides 24hr secured member access within a fenced property. Shared amenities include wash and detail stations, complementary air, a dump station, M & W restrooms, and an ICE station. Public water and electricity are available, and a pet spa and boarding facility is located next door.
Located off HWY 89A in Prescott, the facility provides 24hr secured member access within a fenced property. Shared amenities include wash and detail stations, complementary air, a dump station, M & W restrooms, and an ICE station. Public water and electricity are available, and a pet spa and boarding facility is located next door.
Key Highlights
- 14' X 45' storage condo with 14' high X 12'4'' wide Clopay door
- R12 insulation, vapor barrier, LED lighting, and concrete flooring
- Dedicated 20 amp power with upgraded electrical service
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
$6,152
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
5.35%
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%
$123,040
$123.0K
Cap Rate 7%
$87,886
$87.9K
Cap Rate 9%
$68,356
$68.4K
Market Conditions
NOI Build-Up for 630 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
$9.5K $15.00/SF
− Vacancy
−$662 −$1.05/SF
EGI
$8.8K $13.95/SF
− OpEx
−$2.6K −$4.19/SF
NOI
$6.2K $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%
$123,040
Cap Rate 7%
$87,886
Cap Rate 9%
$68,356
Alternative Uses
Best Use
Warehouse
$211.0K
$184.7K – $246.2K
NOI $14,773 @ 7.0% cap · market cap 12.85%
Second Best
Self Storage
$87.9K
$76.9K – $102.5K
NOI $6,152 @ 7.0% cap · market cap 5.35%
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
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Secured storage unit with upgraded electrical service, concrete flooring, and dedicated member access.
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: 14' X 45' storage condo with 14' high X 12'4'' wide Clopay door; R12 insulation, vapor barrier, LED lighting, and concrete flooring; Dedicated 20 amp power with upgraded electrical service
