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    The Largest CRE Database in the US with Over 1 Million Listings

    1621 N Beck St Salt Lake City, UT 84116

    Sponsored
    For Sale
    $2,499,000

    COMMERCIAL - Salt Lake City, UT

    Lot size:
    0.50 Acres
    Days on Market:
    29
    Last Refresh:
    Feb 6 at 5:06 pm

    Property Features for 1621 N Beck St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Zoning
    Commercial, Industrial
    APN
    08-23-426-018
    Interior features
    Alarm: Security, Floor Drains, Comm. Wiring, Mezzanine: Office, Mezzanine: Retail, Video Camera(s), Smart Thermostat(s)
    Exterior features
    Covered Parking, Paved Parking, Storage
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Real Estate
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1952
    Flooring type
    Concrete
    Roof type
    Rubber, Flat
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jeffrey Walsh

    Windermere Real Estate- Utah (West Valley) (801) 204-6000

    Listing agent Jeffrey Walsh

    Listing date Jan 9, 2026

    MLS# 2129827

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Property with Secure Yard

    This commercial property features 9000 square feet of space, including 820 square feet of office space, 2551 square feet of showroom space, a 2208-square-foot shop, and approximately 3421 square feet of warehouse space. The property is situated on a 0.50-acre lot that includes a secure yard and customer parking. There are four 10x10 doors, each providing access to the warehouse, front showroom, shop, and a locked yard. The building has a clear height of 12 feet and includes 12 parking spaces off Beck Street. The office is heated with mini-split systems. The property features updated smart lighting, smart locks, and a security system that tracks people, movement, and vehicles with counting capability. The hot water heater was replaced in 2024. The roof was replaced prior to the current owner's possession around 2020, with flashing done in 2022 by the previous owner. The building was painted around 2023, and insulated garage doors were installed. New pavement was laid in front of the building in 2023. The property, constructed of block, also includes a walk-in safe with 13-inch concrete walls. Built in 1952, the property is zoned M1 and is located near Salt Lake Central Station Commuter Rail, with great access to I-15 via multiple exits. The location on Beck Street provides excellent visibility, with a current traffic count of 23,770 vehicles per day, according to UDOT. Intended use of the property is commercial and industrial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vama Flooring Carpet & Flooring Store Auto Ape Sales ... Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    STOR-N-LOCK Self Storage, Alpine Storage, X - S Storage Campers Snowmobiles Boats Etc.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9138144
    Latitude
    40.8022533

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    FAQs

    What type of property is this?
    Warehouse - 9000 SF commercial building with showroom, shop, and warehouse.
    Where is this warehouse located?
    The property is located at 1621 N Beck St Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: - High-visibility location on Beck Street with 23,770 vehicles per day.; - 9,000 SF building with versatile space: office, showroom, shop, and warehouse.; - Secure yard space and customer parking on a 0.50-acre lot.
    (801) 204-6000
    Request Owner's contact information
    1621 N Beck St Salt Lake City, UT 84116
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    Salt Lake City, UT 84116
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1621 N Beck St Salt Lake City, UT 84116
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    We can help!
    Listing Contact
    Jeffrey Walsh
    (801) 204-6000
    Learn more
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