Storage Condo with Roll-Up
For Sale
$150,000
881 W Aviation Way Unit 305, Cedar City, UT 84721
Commercial Sale, Cedar City, UT
Property Size960 SF
Lot Size0.02 Acres
Price / SF$156.25
Days on Market245
Property Features for 881 W Aviation Way Unit 305
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Outside Area
Standard status
Active
APN
B-1792-0305-0000
Size
960 SF
Lot size
0.02 Acres
Amenities
restroom
water tap
air hose
Building Details
Year built
2023
Floors in Building
1
Listing Agency:
D & B REAL ESTATE*
(435) 865-7500
Listed By:
RICK H LUNT · License #5478530
(435) 559-1520
Added: Feb 3
Changed: Oct 2
Last Checked: Oct 6 at 9:06AM
MLS# 26-268697
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.
Investment Insights
Based on property information with market context.
This 960-square-foot storage condominium was built in 2023 and includes a 14 x 14 roll-up door. The unit can be built out for uses such as boat or RV storage, hobby car storage, or shop space. On-site amenities include a restroom, water tap, and air hose, adding practical utility for storage and project-related activities.
The property is located at 881 W Aviation Way Unit 305 in Cedar City, Utah. CC&Rs will be in place for the condominium property.
The property is located at 881 W Aviation Way Unit 305 in Cedar City, Utah. CC&Rs will be in place for the condominium property.
Key Highlights
- 960 square feet of storage condominium space
- Built in 2023
- 14 x 14 roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,979
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,580
$179.6K
Cap Rate 7%
$128,271
$128.3K
Cap Rate 9%
$99,767
$99.8K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$10.7K $11.16/SF
− Vacancy
−$150 −$0.16/SF
EGI
$10.6K $11.00/SF
− OpEx
−$1.6K −$1.65/SF
NOI
$9.0K $9.35/SF
Area
Iron County, UT
Vacancy
1.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,580
Cap Rate 7%
$128,271
Cap Rate 9%
$99,767
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 84721, UT
27,329
Population
9,638
Households
2.8
Avg Household Size
29
Median Age
29%
College-Educated
92%
High-School Grad
186.9 sq mi
ZIP Area
146
Density / Sq Mi
$73,342
Median Household Income
$30,662
Median Earnings
$1,076
Median Rent
$345,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Private storage condominium with utility access and flexible space for recreational vehicles, hobby cars, or shop use.
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: 960 square feet of storage condominium space; Built in 2023; 14 x 14 roll‑up door
