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163 S Main St - Big Sky Storage 5,688 SF Specialty Building Offered at $985,000 at a 6.41% Cap Rate in Smithfield, UT 84335
Investment Highlights
- 32,000 ADT
- 92.7% occupancy
- 25 years of stabilized income
Executive Summary
Rare opportunity to own a high visibility mixed use parcel on Smithfield Main St. This $985,000 asset includes:
-Self Storage: 41 units performing at a 6.41% cap rate ($635,000 value)
-U-Haul Business: established income generator ($70,000 value)
-Remodeled Home: $280k value; zoned commercial but can be used as a residential rental or office space
-Self Storage: 41 units performing at a 6.41% cap rate ($635,000 value)
-U-Haul Business: established income generator ($70,000 value)
-Remodeled Home: $280k value; zoned commercial but can be used as a residential rental or office space
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$49,672
|
$8.73
|
| Other Income |
$28,571
|
$5.02
|
| Vacancy Loss |
$1,692
|
$0.30
|
| Effective Gross Income |
$76,551
|
$13.46
|
| Taxes |
$3,735
|
$0.66
|
| Operating Expenses |
$9,678
|
$1.70
|
| Total Expenses |
$13,413
|
$2.36
|
| Net Operating Income |
$63,138
|
$11.10
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $49,672 |
| Annual Per SF | $8.73 |
| Other Income | |
|---|---|
| Annual | $28,571 |
| Annual Per SF | $5.02 |
| Vacancy Loss | |
|---|---|
| Annual | $1,692 |
| Annual Per SF | $0.30 |
| Effective Gross Income | |
|---|---|
| Annual | $76,551 |
| Annual Per SF | $13.46 |
| Taxes | |
|---|---|
| Annual | $3,735 |
| Annual Per SF | $0.66 |
| Operating Expenses | |
|---|---|
| Annual | $9,678 |
| Annual Per SF | $1.70 |
| Total Expenses | |
|---|---|
| Annual | $13,413 |
| Annual Per SF | $2.36 |
| Net Operating Income | |
|---|---|
| Annual | $63,138 |
| Annual Per SF | $11.10 |
Property Facts
| Price | $985,000 | Building Class | C |
| Price Per SF | $131.47 | Lot Size | 0.63 AC |
| Sale Type | Investment or Owner User | Building Size | 7,492 SF |
| Cap Rate | 6.41% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1909/2000 |
| Property Subtype | Self-Storage | ||
| Zoning | CBD - CBD Zone: High-density commercial core. No min lot area/width. Supports retail, office, & mixed-use. 50’ max height for vibrant urban infill. | ||
| Price | $985,000 |
| Price Per SF | $131.47 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.41% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 7,492 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1909/2000 |
| Zoning | CBD - CBD Zone: High-density commercial core. No min lot area/width. Supports retail, office, & mixed-use. 50’ max height for vibrant urban infill. |
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 08-073-0019 | Total Assessment | $500,015 |
| Land Assessment | $0 | Annual Taxes | $3,735 ($0.50/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
08-073-0019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$500,015
Annual Taxes
$3,735 ($0.50/SF)
Tax Year
2025
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163 S Main St - Big Sky Storage
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