Gated Hobby Garage Storage
For Sale
$400,000
2901 E 850 N, St George, UT 84790
Purpose-built, finished units with roll-up doors, HVAC, and private entries within a fully gated, metered storage community.
Property Size2,026 SF
Days on Market130
Property Features for 2901 E 850 N
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Building Size
2,026 SF
Year Built
2026
Listing Agency:
Real Broker, LLC
Listed By:
Dustin Hammer
(435) 680-5337
Source:
Liftrealty
Added: Jun 17
Changed: Oct 23
Last Checked: Oct 23 at 10:10AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This purpose-built hobby garage storage community is planned as 76 individually owned, metered units, ranging from 1,000 to 2,500 SF. Each unit is delivered finished, with a fully insulated and drywalled interior, vaulted ceilings with high-bay lighting, and a 14' x 14' roll-up door. Units also include a private entry with transom window, ducted heating and air, and an interior half bath with water heater. Additional in-unit features include a kitchenette with cabinets, countertops, sink, microwave, and refrigerator, as well as being mezzanine-ready for future expansion. Power and utility amenities include a 220-Volt RV outlet, an interior hose bib, an extra-large ceiling fan, and exterior driveway lighting.
The community is gated and includes a private clubhouse with a full kitchen, lounge, office space, restrooms, and an outdoor patio, along with an on-site RV dump station. Public remarks indicate the project is located next to the Washington Costco off Exit 10 with easy I-15 access, and first units are expected to complete in Fall of 2026. Custom build-out is noted as available; inquire for the full unit and pricing matrix.
The community is gated and includes a private clubhouse with a full kitchen, lounge, office space, restrooms, and an outdoor patio, along with an on-site RV dump station. Public remarks indicate the project is located next to the Washington Costco off Exit 10 with easy I-15 access, and first units are expected to complete in Fall of 2026. Custom build-out is noted as available; inquire for the full unit and pricing matrix.
Key Highlights
- Gated hobby garage community with 76 individually owned, individually metered units
- Units range from 1,000 to 2,500 SF, with pricing from $350,000 and up
- Each unit is delivered finished: fully insulated and drywalled interior, vaulted ceilings, and high‑bay lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,401
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,020
$388.0K
Cap Rate 7%
$277,157
$277.2K
Cap Rate 9%
$215,567
$215.6K
Market Conditions
NOI Build-Up for 2,026 SF
Gross rent
$29.2K $14.40/SF
− Vacancy
−$1.5K −$0.72/SF
EGI
$27.7K $13.68/SF
− OpEx
−$8.3K −$4.10/SF
NOI
$19.4K $9.58/SF
Area
Washington County, UT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,020
Cap Rate 7%
$277,157
Cap Rate 9%
$215,567
Alternative Uses
Best Use
Self Storage
$277.2K
$242.5K – $323.4K
NOI $19,401 @ 7.0% cap · market cap 4.85%
Second Best
Warehouse
$245.0K
$214.4K – $285.8K
NOI $17,148 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$557.9K
$488.2K – $650.9K
NOI $39,053 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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Business Placement
Demographics for 84790, UT
52,982
Population
20,956
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
96%
High-School Grad
48.3 sq mi
ZIP Area
1,097
Density / Sq Mi
$85,720
Median Household Income
$39,108
Median Earnings
$1,598
Median Rent
$500,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Purpose-built, finished units with roll-up doors, HVAC, and private entries within a fully gated, metered storage community.
Where is this self storage facility located?
The property is located at 2901 E 850 N St George, UT.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Gated hobby garage community with 76 individually owned, individually metered units; Units range from 1,000 to 2,500 SF, with pricing from $350,000 and up; Each unit is delivered finished: fully insulated and drywalled interior, vaulted ceilings, and high‑bay lighting
