Insulated Self Storage
For Sale
$129,771
2899 Venture Unit #55 Drive, Prescott, AZ 86301
Commercial Sale, Prescott, AZ
Property Size700 SF
Lot Size0.02 Acres
Price / SF$185.39
Days on Market52
Property Features for 2899 Venture Unit #55 Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Zoning description
Storage
Parking
1
Security features
Security Lighting
Exterior features
External Restroom, Fence
Fencing
Fenced
Subdivision
Luxtor Prescott Rv Storage Condominium
Directions
89A & Granite Dells PKWY, South to E Centerpoint Dr, right on Centerpoint. Follow road until it turns left and then turn right on Venture to Luxtor units on Left. Use code panel on right.
Standard status
Active
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Luxtor Prescott RV Storage Condominium per Map 2020-0032806. Bldg B, unit 55
Tax Annual Amount
424
Legal Description
Luxtor Prescott RV Storage Condominium per Map 2020-0032806. Bldg B, unit 55
Utilities
Utilities
Electricity Available
Amenities
24-hour controlled access
security cameras
complimentary air
complimentary water
complimentary ice
dump station
wash/detailing/staging areas
men's and women's restrooms
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
Rent Right and Home Right
(928) 771-0308
Listed By:
Leslie Sparkman-Winsor
(928) 533-8215
Added: Aug 3
Changed: Sep 3
Last Checked: Sep 23 at 6:06AM
MLS# 1084121
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 condominium is a steel-framed unit completed in 2020, with approximately 14 feet of width and 50 feet of depth. The space has concrete flooring, metal roofing, lighting, and a dedicated 20-amp electrical circuit. A LiftMaster keypad and door opener provide powered entry, while a fire-sprinkler system and ceiling vapor barrier with R-12 insulation are also installed.
The fenced storage facility provides 24-hour controlled access and security cameras, with convenient access to Highway 89A. Shared amenities include air, water, ice, a dump station, wash, detailing, and staging areas, along with men's and women's restrooms. Electricity is available, and the unit includes an external restroom feature.
The fenced storage facility provides 24-hour controlled access and security cameras, with convenient access to Highway 89A. Shared amenities include air, water, ice, a dump station, wash, detailing, and staging areas, along with men's and women's restrooms. Electricity is available, and the unit includes an external restroom feature.
Key Highlights
- Approximately 14 feet wide by 50 feet long
- Dedicated 20‑amp electrical circuit with lighting
- Ceiling vapor barrier with 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
$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
5.27%
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%
$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 12.65%
Second Best
Self Storage
$97.7K
$85.5K – $113.9K
NOI $6,836 @ 7.0% cap · market cap 5.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Steel-framed storage condominium with dedicated power, controlled facility access, and shared service amenities.
Where is this self storage facility located?
The property is located at 2899 Venture Unit #55 Drive Prescott, AZ.
What is the asking price?
The asking price for this property is $129,771.
What are key features of this property?
This property features: Approximately 14 feet wide by 50 feet long; Dedicated 20‑amp electrical circuit with lighting; Ceiling vapor barrier with R‑12 insulation
