Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Storage Facility in Washington Title is generated by Realmo AI

    68 S Warehouse Rd, Washington, UT 84780

    View on Map
    Claim this Listing
    For Sale
    $4,495,000

    COMMERCIAL - Washington, UT

    Property size:
    31,500 SF
    Lot size:
    2.26 Acres
    Price / SF:
    $142/SF
    Added:
    Sep 19, 2025
    Days on Market:
    241
    Last Refresh:
    May 17 at 6:06 pm

    Property Features for 68 S Warehouse Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    W-SVIP-1-32
    Size
    31,500 SF
    Lot size
    2.26 Acres

    Taxes and HOA fees

    Tax Annual Amount
    13620

    Building Details

    Year built
    2024
    Floors in Building
    1

    We can help!

    Listing Contact
    LUKE E GODFREY

    Listing agent LUKE E GODFREY

    Listing office THINK REALTY LLC 107 S 1470 E Ste 203, UT

    Listing date Sep 19, 2025

    MLS# 25-266012

    Copyright © 2026 Washington County Board 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.

    HighLights

    • Brand‑new 2024 build eliminates major capital expenditures for years.
    • High‑demand submarket with limited competing supply and strong population growth.
    • Income stability: Storage assets historically outperform in all economic cycles.
    • Attractive tenant base serves diverse storage needs.
    • Future upside: Opportunity to increase NOI through lease‑up and rent adjustments.
    • Operational efficiency: Low overhead and minimal staffing requirements.

    Overview

    This is a brand-new, turnkey self-storage facility, eliminating major capital expenditures for years to come. The property is located in Washington, UT, and has a size of 31500 square feet on a 2.26-acre lot. It serves residential, small business, contractor, and industrial storage needs. The facility is situated in a high-demand submarket with limited competing supply, paired with strong regional population growth. Storage assets historically outperform in both expansion and contraction cycles, offering income stability. The property offers operational efficiency with low overhead, potential for automated leasing/management, and minimal staffing requirements. There is future upside with the opportunity to drive NOI through lease-up velocity, market rent adjustments, and operational optimization.

    Financial Insights

    Value Estimation Calculated for Self Storage

    Conservative
    $3.35M
    NOI $301,644 @ 9.00% cap · cautious / downside scenario
    Moderate
    $4.31M
    NOI $301,644 @ 7.00% cap · market / base-case scenario
    Aggressive
    $6.03M
    NOI $301,644 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Self Storage

    Component $ $/SF
    Gross rent $453.6k $14.40
    − Vacancy −$22.7k −$0.72
    EGI $430.9k $13.68
    − OpEx −$129.3k −$4.10
    NOI $301.6k $9.58
    31,500 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Self Storage
    $4.31M
    $3.77M – $5.03M (±1% cap)
    NOI $301,644 @ 7.0% cap · market cap 6.71%
    Second Best
    Industrial
    $3.14M
    $2.74M – $3.66M (±1% cap)
    NOI $219,565 @ 7.0% cap · market cap 4.88%
    Theoretical Best
    Specialty Retail
    $8.67M
    $7.59M – $10.12M (±1% cap)
    NOI $607,197 @ 7.0% cap · market cap 13.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Washington
    County
    Washington
    State
    Utah
    Longitude
    -113.453663
    Latitude
    37.130239

    Nearby Similar for Sale

    • $300,000
      11,761 SF

      Washington, UT Land For Sale

      Land available in Washington, UT for commercial development.
      E Weatherby Way, Washington, UT 84780
      View Details
    • $1,145,000
      4,588 SF

      Turn-Key Fourplex Investment Opportunity

      Fourplex in Washington, UT with strong rental demand.
      620 W EVANS RIDGE Cir, Washington, UT 84780
      View Details
    • $87,000
      2,613 SF

      Turnkey Lot in 55+ Community

      Upgraded lot in desirable 55+ community, move-in ready.
      448 Telegraph #52, Washington, UT 84780
      View Details
    • $135,000

      Lot with Fifth Wheel Included

      Spacious lot with fifth wheel near pool and clubhouse.
      1150 W RED HILLS Parkway, Washington, UT 84780
      View Details
    • $330,000
      16,117 SF

      Washington, UT Land For Sale

      0.37 acre lot in Washington, UT for sale.
      Malt House, Washington, UT 84780
      View Details
    • $120,000

      RV Lot with Furnished Fifth Wheel

      RV lot with furnished fifth wheel in desirable resort park.
      1160 E Telegraph St, Washington, UT 84780
      View Details
    • $75,000
      2,178 SF

      Shaded Lot with Coachman Trailer

      Lot with trailer in 55+ community near St. George.
      1150 W Red Hills Parkway, Washington, UT 84780
      View Details
    • $1,690,000
      8,276 SF

      Luxury Living in Zion Shores

      Luxury homes with ocean-style waves in the desert.
      5298 S Surf Rider Ct, Washington, UT 84780
      View Details
    • $980,000

      Individual Storage Units For Sale

      Storage units with roll-up doors, power, and on-site amenities.
      24 East Industrial Road, Washington, UT 84780
      View Details
    • $980,000
      5,120 SF

      Individual Storage Units For Sale

      Storage units with power, suitable for owners or investment.
      24 East Industrial Road, Washington, UT 84780
      View Details
    • $95,000
      480 SF

      RV Lot with Mountain Views

      Spacious RV lot in 55+ community with mountain views.
      1150 W Red Hills Parkway, Washington, UT 84780
      View Details
    • $190,000
      960 SF

      Commercial Condos with Climate Control

      Commercial-grade condos with A/C, heating, and roll-up doors.
      Bldg G 24 E. Industrial DR, Washington, UT 84780
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Turnkey storage asset in high-demand submarket with income stability.
    Where is this self storage facility located?
    The property is located at 68 S Warehouse Rd Washington, UT.
    What is the asking price?
    The asking price for this property is $4,495,000.
    What are key features of this property?
    This property features: Brand‑new 2024 build eliminates major capital expenditures for years.; High‑demand submarket with limited competing supply and strong population growth.; Income stability: Storage assets historically outperform in all economic cycles.
    (435) 229-4126
    We can help!
    Listing Contact
    LUKE E GODFREY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    68 S Warehouse Rd, Washington, UT 84780
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!