RV Storage Unit with Wash
For Sale
$190,000
A18-6123 N 55th Avenue, Glendale, AZ 85301
Powered doors, surveillance, a dump station, and wash bay support convenient vehicle and equipment storage.
Property Size825 SF
Price / SF$230.30
Days on Market13
Property Features for A18-6123 N 55th Avenue
General Information
Standard status
Active
Size
825 SF
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$932
Amenities
powered doors
24/7 surveillance
on-site dump station
wash bay
Listing Agency:
eXp Realty
(602) 620-2749
Listed By:
Kody Weitzel · License #SA703183000
(602) 620-2749
Source:
Exprealty
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 11:57AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 15' x 55' LuxeLocker storage unit is configured for recreational vehicles, boats, vehicles, business equipment, and general storage. The unit includes powered doors and is supported by 24/7 surveillance for monitored access and protection of stored property.
On-site amenities include a dump station and wash bay, adding practical utility for recreational vehicles and equipment. The property is located at A18-6123 N 55th Avenue in Glendale, Arizona 85301.
On-site amenities include a dump station and wash bay, adding practical utility for recreational vehicles and equipment. The property is located at A18-6123 N 55th Avenue in Glendale, Arizona 85301.
Key Highlights
- 15' x 55' LuxeLocker storage unit
- Powered doors for convenient unit access
- 24/7 surveillance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,885
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$157,700
$157.7K
Cap Rate 7%
$112,643
$112.6K
Cap Rate 9%
$87,611
$87.6K
Market Conditions
NOI Build-Up for 825 SF
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.
Gross rent
$10.5K $12.72/SF
− Vacancy
−$1.2K −$1.48/SF
EGI
$9.3K $11.24/SF
− OpEx
−$1.4K −$1.69/SF
NOI
$7.9K $9.56/SF
Area
Glendale, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$157,700
Cap Rate 7%
$112,643
Cap Rate 9%
$87,611
Alternative Uses
Best Use
Warehouse
$112.6K
$98.6K – $131.4K
NOI $7,885 @ 7.0% cap · market cap 4.15%
Second Best
Self Storage
$100.7K
$88.1K – $117.5K
NOI $7,051 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$259.1K
$226.8K – $302.3K
NOI $18,140 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Powered doors, surveillance, a dump station, and wash bay support convenient vehicle and equipment storage.
Where is this self storage facility located?
The property is located at A18-6123 N 55th Avenue Glendale, AZ.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 15' x 55' LuxeLocker storage unit; Powered doors for convenient unit access; 24/7 surveillance
