Self-Storage Unit with Climate
For Sale
Contact for pricing
73 East Shop Avenue, Chelan, WA 98816
Condominium storage unit with heating, a man door, gated entry, and 125-amp electrical service.
Property Size507 SF
Price / SF$234.71
Days on Market86
Property Features for 73 East Shop Avenue
General Information
Standard status
Active
Size
507 SF
Total Parking Spaces
1
Property subtype
Self Storage, Special Purpose
Zoning
Warehouse & Industrial
Additional Details
Power
125 amps
Amenities
climate control
125 amp electrical service
24/7 security
gated access
private clubhouse with bathrooms and meeting space
heating
Building Details
Year Built
2026
Stories
1
Units
1
Listing Agency:
Latham Realty Unlimited
Listed By:
Jeff Latham · License #25265
(360) 795-5277
Source:
Crexi
Added: Jul 27
Changed: Oct 7
Last Checked: Oct 20 at 5:54PM
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 Latham Realty Unlimited
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Investment Insights
Based on property information with market context.
This 507-square-foot condominium storage unit measures 14.5 by 35 feet and was built in 2026. The space includes heating, climate control, a man door, and 125-amp electrical service, supporting storage of boats, RVs, cars, and recreational equipment as described for the community.
The property is part of Chelan Luxury Garages at 73 E Shop Avenue in Chelan, Washington. Community features include gated access, 24/7 security, and a private clubhouse with bathrooms and meeting space. The property is identified as condominium-zoned, with combination units also available.
The property is part of Chelan Luxury Garages at 73 E Shop Avenue in Chelan, Washington. Community features include gated access, 24/7 security, and a private clubhouse with bathrooms and meeting space. The property is identified as condominium-zoned, with combination units also available.
Key Highlights
- 507 sq ft unit measuring 14.5X35
- Heating, climate control, and a man door
- 125 amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,179
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$103,580
$103.6K
Cap Rate 7%
$73,986
$74.0K
Cap Rate 9%
$57,544
$57.5K
Market Conditions
NOI Build-Up for 507 SF
Gross rent
$6.5K $12.84/SF
− Vacancy
−$417 −$0.82/SF
EGI
$6.1K $12.02/SF
− OpEx
−$914 −$1.80/SF
NOI
$5.2K $10.22/SF
Area
Chelan County, WA
Vacancy
6.40%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$103,580
Cap Rate 7%
$73,986
Cap Rate 9%
$57,544
Alternative Uses
Best Use
Warehouse
$74.0K
$64.7K – $86.3K
NOI $5,179 @ 7.0% cap · market cap 4.35%
Second Best
Self Storage
$62.2K
$54.5K – $72.6K
NOI $4,357 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$133.0K
$116.4K – $155.2K
NOI $9,309 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
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Business Placement
Demographics for 98816, WA
7,067
Population
5,398
Households
1.3
Avg Household Size
47
Median Age
24%
College-Educated
81%
High-School Grad
494.2 sq mi
ZIP Area
14
Density / Sq Mi
$73,807
Median Household Income
$40,565
Median Earnings
$1,332
Median Rent
$450,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Condominium storage unit with heating, a man door, gated entry, and 125-amp electrical service.
Where is this self storage facility located?
The property is located at 73 East Shop Avenue Chelan, WA.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 507 sq ft unit measuring 14.5X35; Heating, climate control, and a man door; 125 amp electrical service
