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Property profile

21715 State Hwy 131 Phippsburg, CO 80469

OFF-MARKET
Commercial real estate
0.28 ac lot Built 2001
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established self-storage facility located at 21715 State Highway 131 Unit NA, Phippsburg, CO. The property sits on a 0.28-acre lot and boasts a two-story building comprising 40 units of varying sizes. Unit sizes range from compact 5'x10' units to larger 15'x20' garages, catering to a diverse range of storage needs. The facility enjoys a prime location on US 40 in Phippsburg, making it highly accessible to Routt County residents and those traveling for recreational activities in the surrounding areas. Historically, occupancy has averaged approximately 90%, demonstrating strong demand and consistent revenue generation. The streamlined operations are further enhanced by an online reservation and payment system, simplifying management and maximizing efficiency. This turnkey business offers a substantial cash flow with significant upside potential. Opportunities for growth include increasing occupancy rates and adjusting lease rates to reflect market conditions. The robust financial performance is underpinned by the consistently strong performance of the storage industry, coupled with the growing population of Routt County and the increasing demand for storage solutions among outdoor enthusiasts needing space for seasonal equipment and belongings. This presents a rare chance to acquire a proven, profitable business with a solid foundation for continued success.

Property profile

Verified
Property type Commercial real estate
Year built 2001
Lot 0.28 ac (12,197 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21715 State Hwy 131 Phippsburg, CO 80469
Phippsburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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