LuxeLocker Self Storage
For Sale
$190,000
6123 N 55th Ave Unit A18, Glendale, AZ 85301
Oversized storage unit with powered access, surveillance, a dump station, and wash bay access.
Property Size825 SF
Price / SF$230.30
Days on Market20
Property Features for 6123 N 55th Ave Unit A18
General Information
Standard status
Active
Size
825 SF
Property subtype
Commercial
Amenities
powered doors
24/7 surveillance
on-site dump station
wash bay
Building Details
Year Built
2024
Listing Agency:
eXp Realty
(602) 620-2749
Listed By:
Kody Weitzel · License #SA703183000
Source:
Findyourphoenixhome
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 12:20PM
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.
This LuxeLocker self-storage unit measures 15' x 55' and was built in 2024. The expansive interior accommodates recreational vehicles, boats, vehicles, business equipment, and general storage needs. Powered doors support convenient access, while 24/7 surveillance serves the facility's security infrastructure.
The unit is identified as A18 at 6123 N 55th Ave in Glendale, Arizona. Shared on-site amenities include a dump station and wash bay, adding practical support for vehicle and recreational equipment storage.
The unit is identified as A18 at 6123 N 55th Ave in Glendale, Arizona. Shared on-site amenities include a dump station and wash bay, adding practical support for vehicle and recreational equipment storage.
Key Highlights
- 15' x 55' storage unit
- Built in 2024
- Powered doors
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
$7,885
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
4.15%
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%
$157,700
$157.7K
Cap Rate 7%
$112,643
$112.6K
Cap Rate 9%
$87,611
$87.6K
Market Conditions
NOI Build-Up for 825 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 $12.72/SF
− Vacancy
−$1.2K −$1.48/SF
EGI
$9.3K $11.24/SF
− OpEx
−$1.4K −$1.69/SF
NOI
$7.9K $9.56/SF
Area
Glendale, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
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%
$157,700
Cap Rate 7%
$112,643
Cap Rate 9%
$87,611
Alternative Uses
Best Use
Warehouse
$112.6K
$98.6K – $131.4K
NOI $7,885 @ 7.0% cap · market cap 4.15%
Second Best
Self Storage
$100.7K
$88.1K – $117.5K
NOI $7,051 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$259.1K
$226.8K – $302.3K
NOI $18,140 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
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 - Oversized storage unit with powered access, surveillance, a dump station, and wash bay access.
Where is this self storage facility located?
The property is located at 6123 N 55th Ave Unit A18 Glendale, AZ.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 15' x 55' storage unit; Built in 2024; Powered doors
