Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    397 Commerce St Hurricane, UT 84737

    Sponsored
    For Lease
    $1.00 SF/Yr

    COMMERCIAL - Hurricane, UT

    Property size:
    5,000 SF
    Lot size:
    0.74 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 25 at 8:06 pm

    Property Features for 397 Commerce St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    H-FAIR-20
    Size
    5,000 SF
    Lot size
    0.74 Acres

    Building Details

    Year built
    2020
    Floors in Building
    1

    We can help!

    Listing Contact
    Jamie L Child

    EQUITY REAL ESTATE

    Listing agent Jamie L Child

    Listing date Feb 24, 2026

    MLS# 26-269627

    Copyright © 2026 Washington County Board of Realtors. 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

    Warehouse Space with Yard

    This property features 5,000 square feet of warehouse space with approximately 0.74 acres of yard space. It includes two automatic garage doors and one bathroom equipped with a mini-split system. The warehouse currently does not have heating or air conditioning but can be built to suit. The property is available now and is located in Hurricane, Utah.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Restaurant Hotel & Motel Bed & Breakfast

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

    Similar Places Nearby

    Armoured RV Storage, Cover It RV and Boat Storage, Keep Safe Storage, DamFairStorage.com, EZ In EZ out Storage

    Location Insight

    • Map
    • Local Demand
    City
    Hurricane
    County
    Washington
    State
    Utah
    Longitude
    -113.40571
    Latitude
    37.163401

    Nearby Similar for Lease

    • New
      $1.00 SF/Yr
      21,000 SF

      Class A Medical Office Building

      Premier medical office building for lease in Hurricane, Utah.
      80 N 2260 W, Hurricane, UT 84737
      View Details
    • New
      $5 SF/Yr
      40,000 SF

      Class A Medical Office Space

      Two Class A medical office buildings for lease in Hurricane.
      Hwy 9 W, Hurricane, UT 84737
      View Details
    • New
      Contact for pricing
      32,234 SF

      Warehouse with Yard in Hurricane

      5,000 SF warehouse with yard space available for lease.
      397 S Commerce St, Hurricane, UT 84737
      View Details
    • $1.27 SF/Yr
      20,600 SF

      Washington County Office/Warehouse Units

      Office and warehouse units in central Washington County available for rent.
      526 S Commerce Dr, Hurricane, UT 84058
      View Details
    • Contact for pricing
      3,000 SF

      Industrial Space with Freeway Visibility

      Distribution, manufacturing, showroom/retail spaces available with freeway visibility.
      381 N Old Highway 91, Hurricane, UT 84737
      View Details
    • $13 SF/Yr
      3,300 SF

      Office Warehouse with Large Yard

      Office warehouse with a large, fenced, and secure yard.
      896 S Regional Park Rd, Hurricane, UT
      View Details
    • $14 SF/Yr
      3,400 SF

      Industrial Space in Gateway Park

      Industrial spaces available for immediate occupancy in Hurricane, Utah.
      393 Old Highway 91, Hurricane, UT 84737
      View Details
    • $1.15 SF/Yr
      6,600 SF

      Available Flex Space in Hurricane

      Flex space available immediately with great access and parking.
      839 S Regional Park Rd, Hurricane, UT 84737
      View Details
    • $1.25 SF/Yr
      9,474 SF

      Flex Industrial Building For Lease

      Remodeled flex industrial building with SR-9 visibility and secure yard.
      335 Commerce St, Hurricane, UT 84737
      View Details
    • $1.20 SF/Yr
      6,400 SF

      Hurricane Warehouse with Mezzanine Storage

      6,400 sqft warehouse space featuring mezzanine storage.
      1164 S Regional Park Rd, Hurricane, UT 84737
      View Details
    • $1.10 SF/Yr
      8,400 SF

      Warehouse Space in QCIP Phase

      Warehouse space available for lease in Quail Creek.
      5679 West 800 South, Hurricane, UT 84737
      View Details
    • $1.10 SF/Yr
      10,000 SF

      Industrial Space with Yard

      Warehouse/industrial space in Quail Creek Industrial Park.
      5681 W 860 S, Hurricane, UT 84737
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,000 SF warehouse with yard space for lease.
    Where is this warehouse located?
    The property is located at 397 Commerce St Hurricane, UT.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - 5,000 s.f. warehouse space available.; - Approx .74 acres of yard space.; - Available Now!
    (801) 651-3071
    Request Owner's contact information
    397 Commerce St Hurricane, UT 84737
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    397 Commerce St
    Hurricane, UT 84737
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    397 Commerce St Hurricane, UT 84737
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jamie L Child
    (801) 651-3071 (801) 608-8655 (800) 785-9995
    Learn more
    Google sign-in failed. Please try again or use another login method.