End-Unit RV Storage
For Sale
$145,000
56-2899 Venture Dr, Prescott, AZ 86301
Secured gated access, epoxy flooring, dedicated power, and wash and dump-station amenities support convenient vehicle storage.
Property Size700 SF
Price / SF$207.14
Days on Market380
Property Features for 56-2899 Venture Dr
General Information
Standard status
Active
Size
700 SF
Warehouse & Industrial
Power
20 amps
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$297
Amenities
24hr secured gated access
wash and detail stations
dump station
restrooms
ice station
Listing Agency:
RealtyONEGroup Mountain Desert
(928) 800-4707
Listed By:
Shawn Patrick Danley · License #BR559269000
(928) 800-4707
Source:
Exprealty
Added: Aug 15, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:12PM
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 RealtyONEGroup Mountain Desert
Investment Insights
Based on property information with market context.
This end-position RV storage condo is designed for recreational vehicle and equipment storage, with epoxy flooring, 20 amp power, and a LiftMaster keypad and opener. The unit faces east, limiting afternoon sun exposure, and is fully protected by fire sprinklers.
The property provides 24-hour access through a secured gate. Facility amenities include wash and detail stations, a dump station, men’s and women’s restrooms, and an ICE station. The combination of dedicated storage space, utility service, controlled access, and on-site support amenities creates a practical setup for RV and other recreational equipment storage.
The property provides 24-hour access through a secured gate. Facility amenities include wash and detail stations, a dump station, men’s and women’s restrooms, and an ICE station. The combination of dedicated storage space, utility service, controlled access, and on-site support amenities creates a practical setup for RV and other recreational equipment storage.
Key Highlights
- End‑unit RV/storage condo with 13' x 50' overall dimensions
- 24‑hour secured gated access
- Epoxy flooring and 20 amp power
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
4.71%
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 11.32%
Second Best
Self Storage
$97.7K
$85.5K – $113.9K
NOI $6,836 @ 7.0% cap · market cap 4.71%
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
Location Intelligence
Trade Area within ½ mile
80
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 gated access, epoxy flooring, dedicated power, and wash and dump-station amenities support convenient vehicle storage.
Where is this self storage facility located?
The property is located at 56-2899 Venture Dr Prescott, AZ.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: End‑unit RV/storage condo with 13' x 50' overall dimensions; 24‑hour secured gated access; Epoxy flooring and 20 amp power
