Condo Storage Unit with Roll-Up
881 W Aviation Way Unit 305 Cedar City, UT 84721
881 W Aviation Way Unit 305, Cedar City, UT, 84721
$150,000
For Sale
$150,000
Condo storage unit offering on-site restroom access and a water tap with air hose, plus a 14-by-14 roll-up door.
Property Size960 SF
Price / SF$156.25
Days on Market172
Property Features for 881 W Aviation Way Unit 305
General Information
- Standard status
- Active
- Size
- 960 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2023
Listing agency
D & B REAL ESTATE*
(435) 559-1520
Listed by
RICK LUNT · License #5478530-PB
(435) 559-1520
Source
Xome
Added: Feb 1 Updated: Jul 21 at 6:02PM Checked: Jul 22 at 3:46AM
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 D & B REAL ESTATE*
Investment Insights
Based on property information with market context.
Condo storage units for sale at 881 W Aviation Way, Unit 305. The unit includes a 14-by-14 roll-up door, providing straightforward access for storage or workshop-style use. On-site amenities include a restroom, a water tap, and an air hose. The property is also described as something that can be built out and used as man caves.
CC&R’s will be in place, which may govern unit use and operating rules for the condo storage environment.
While specific layout details are not provided, this is a condo storage offering intended for private use, with practical utility amenities located on-site and roll-up access sized for larger recreational or hobby items.
CC&R’s will be in place, which may govern unit use and operating rules for the condo storage environment.
While specific layout details are not provided, this is a condo storage offering intended for private use, with practical utility amenities located on-site and roll-up access sized for larger recreational or hobby items.
Key Highlights
- 2023‑built condo storage unit with 14' x 14' roll‑up door
- On‑site restroom access, plus a water tap and air hose
- Guest facilities: 3
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 | $10.7k | $11.16 |
| − Vacancy | −$150 | −$0.16 |
| EGI | $10.6k | $11.00 |
| − OpEx | −$1.6k | −$1.65 |
| NOI | $9.0k | $9.35 |
960 SF · lease $11.16/SF/yr · vacancy 1.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$128.3K
$112.2K – $149.7K
NOI $8,979 @ 7.0% cap · market cap 5.99%
Second Best
Self Storage
$120.4K
$105.3K – $140.5K
NOI $8,427 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$196.1K
$171.6K – $228.7K
NOI $13,724 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Airspace Storage
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Condo storage unit offering on-site restroom access and a water tap with air hose, plus a 14-by-14 roll-up door.
Where is this self storage facility located?
The property is located at 881 W Aviation Way Unit 305 Cedar City, UT.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2023‑built condo storage unit with 14' x 14' roll‑up door; On‑site restroom access, plus a water tap and air hose; Guest facilities: 3
