Self-Storage Facility with Climate
615 South Mesa Street Fruita, CO 90731
615 South Mesa Street, Fruita, CO, 90731
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For Sale
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Heartland Storage offers 363 units across a 2.50-acre site with climate-controlled options and 88.29% physical occupancy.
Property Size44,150 SF
Lot Size2.50 Acres
Price / SF$110.99
Days on Market30
Property Features for 615 South Mesa Street
General Information
- Standard status
- Active
- Size
- 44,150 SF
- Lot size
- 2.50 Acres
- Property subtype
- Self Storage
Building Details
- Year Built
- 1996
Listing agency
Bang Realty
(888) 737-2264
Listed by
Brian Brockman · License #BRK.200900214
Source
Crexi
Added: Jun 22 Updated: Jul 20 at 5:17PM Checked: Jul 20 at 5:17PM
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 Bang Realty
Investment Insights
Based on property information with market context.
Heartland Storage is a Class B self-storage facility comprising 363 units totaling 44,150 NRSF, situated on a 2.50-acre lot. Built in 1996 and expanded in 2023, the property features a mix of vintage and newer construction. The facility is currently 88.29% physically occupied, and the asset is positioned as a renovation and value-add acquisition opportunity focused on operational stabilization.
The property is located at 615 South Mesa Street in Fruita, Colorado. The remarks note that it is the largest facility in its immediate vicinity and that it offers highly desirable climate-controlled units. The local market is described as serving a growing population within a 3-mile radius of Fruita and benefiting from outdoor recreation tourism. Demographics cited include a $84,103 median household income within 5 miles.
The property is located at 615 South Mesa Street in Fruita, Colorado. The remarks note that it is the largest facility in its immediate vicinity and that it offers highly desirable climate-controlled units. The local market is described as serving a growing population within a 3-mile radius of Fruita and benefiting from outdoor recreation tourism. Demographics cited include a $84,103 median household income within 5 miles.
Key Highlights
- Heartland Storage self‑storage facility built in 1996 and expanded in 2023
- 363 units totaling 44,150 NRSF on a 2.50‑acre lot at 615 South Mesa Street, Fruita, CO
- 88.29% physically occupied, offering room to improve through strategic lease‑up
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $513.9k | $11.64 |
| − Vacancy | −$28.3k | −$0.64 |
| EGI | $485.6k | $11.00 |
| − OpEx | −$72.8k | −$1.65 |
| NOI | $412.8k | $9.35 |
44,150 SF · lease $11.64/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.90M
$5.16M – $6.88M
NOI $412,795 @ 7.0% cap · market cap 8.42%
Second Best
Self Storage
$3.18M
$2.78M – $3.71M
NOI $222,377 @ 7.0% cap · market cap 4.54%
Theoretical Best
Healthcare Medical
$83.78M
$73.31M – $97.75M
NOI $5,864,886 @ 7.0% cap · market cap 119.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Heartland Storage offers 363 units across a 2.50-acre site with climate-controlled options and 88.29% physical occupancy.
Where is this self storage facility located?
The property is located at 615 South Mesa Street Fruita, CO.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Heartland Storage self‑storage facility built in 1996 and expanded in 2023; 363 units totaling 44,150 NRSF on a 2.50‑acre lot at 615 South Mesa Street, Fruita, CO; 88.29% physically occupied, offering room to improve through strategic lease‑up
