Insulated Self-Storage
For Sale
$475,000
Bldg F 24 E Industrial Dr, Washington, UT 84780
Private storage units provide heating, cooling, power, and room for optional office improvements.
Property Size2,640 SF
Price / SF$179.92
Days on Market26
Property Features for Bldg F 24 E Industrial Dr
General Information
Standard status
Active
Size
2,640 SF
Building Details
Year Built
2024
Listing Agency:
CENTURY 21 EVEREST ST GEORGE
(435) 673-9266
Listed By:
BRYAN S BURNETT · License #5496981-SA
Source:
Utahluxuryhometeam
Added: Aug 5
Changed: Aug 30
Last Checked: Aug 30 at 12:11AM
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 CENTURY 21 EVEREST ST GEORGE
Investment Insights
Based on property information with market context.
Built in 2024, this private self-storage facility offers commercial-grade insulated units designed for vehicle storage, equipment housing, or hobby use. Available units vary in size and include air conditioning and heating, a 14-foot powered roll-up door, a 50 AMP plug, a 100 AMP electrical panel, and 110-volt outlets throughout. Office space and additional storage can be added within the units.
The facility includes shared restrooms, a clubhouse, a water tap, and an air hose. The property is located at Bldg F, 24 E. Industrial Dr in Washington, Utah, and provides a dedicated setting for owners seeking enclosed storage with on-site support amenities.
The facility includes shared restrooms, a clubhouse, a water tap, and an air hose. The property is located at Bldg F, 24 E. Industrial Dr in Washington, Utah, and provides a dedicated setting for owners seeking enclosed storage with on-site support amenities.
Key Highlights
- 2024 construction with commercial‑grade insulated units
- 14‑foot powered roll‑up door in each unit
- 50 AMP plug and 100 AMP electrical panel
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
$25,281
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
5.32%
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%
$505,620
$505.6K
Cap Rate 7%
$361,157
$361.2K
Cap Rate 9%
$280,900
$280.9K
Market Conditions
NOI Build-Up for 2,640 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
$38.0K $14.40/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$36.1K $13.68/SF
− OpEx
−$10.8K −$4.10/SF
NOI
$25.3K $9.58/SF
Area
Washington County, UT
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$505,620
Cap Rate 7%
$361,157
Cap Rate 9%
$280,900
Alternative Uses
Best Use
Self Storage
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 5.32%
Second Best
Warehouse
$319.2K
$279.3K – $372.4K
NOI $22,345 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$727.0K
$636.1K – $848.2K
NOI $50,889 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 84780, UT
28,025
Population
12,922
Households
2.2
Avg Household Size
36
Median Age
35%
College-Educated
94%
High-School Grad
61.8 sq mi
ZIP Area
453
Density / Sq Mi
$94,103
Median Household Income
$42,098
Median Earnings
$1,581
Median Rent
$511,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Private storage units provide heating, cooling, power, and room for optional office improvements.
Where is this self storage facility located?
The property is located at Bldg F 24 E Industrial Dr Washington, UT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2024 construction with commercial‑grade insulated units; 14‑foot powered roll‑up door in each unit; 50 AMP plug and 100 AMP electrical panel
