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    Cedar City Warehouse with Acreage Title is generated by Realmo AI

    689 N Airport Rd, Cedar City, UT 84721

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    Claim this Listing
    For Sale
    $7,190,000

    COMMERCIAL - Cedar City, UT

    Property size:
    40,000 SF
    Lot size:
    10.50 Acres
    Price / SF:
    $179/SF
    Added:
    Apr 14, 2025
    Days on Market:
    427
    Last Refresh:
    Jun 14 at 9:06 am

    Property Features for 689 N Airport Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    D*-0967-0002-0000
    Size
    40,000 SF
    Lot size
    10.50 Acres

    Building Details

    Year built
    2023
    Floors in Building
    1

    We can help!

    Listing Contact
    RICK H LUNT
    RICK H LUNT

    Listing agent RICK H LUNT License #5478530-PB

    Listing office D & B REAL ESTATE* 1883 W ROYAL HUNTE DR STE 202, CEDAR CITY, UT

    Listing date Apr 14, 2025

    MLS# 25-260294

    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.

    HighLights

    • 40,000 sq ft building built in 2023
    • Situated on a 10.5 Acre parcel
    • Benefit from 4 overhead drive‑through doors
    • Heated with great lighting
    • Several 70% finished office, conference, and storage rooms
    • Includes 1 bathroom plus 2 roughed‑in bathrooms

    Overview

    This commercial property in Cedar City, Utah, features a 40,000-square-foot building constructed in 2023, situated on a 10.5-acre parcel located just off Airport Road. The building includes four overhead drive-through doors providing convenient access. Inside, there is one finished bathroom, with plumbing roughed in for two additional bathrooms. The property also contains several office, conference, and storage rooms that are approximately 70% complete. The building is heated and features enhanced lighting.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $446.4k $11.16
    − Vacancy −$6.2k −$0.16
    EGI $440.2k $11.00
    − OpEx −$66.0k −$1.65
    NOI $374.1k $9.35
    40,000 SF · lease $11.16/SF/yr · vacancy 1.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $5.34M
    $4.68M – $6.24M (±1% cap)
    NOI $374,128 @ 7.0% cap · market cap 5.20%
    Second Best
    Industrial
    $4.40M
    $3.85M – $5.14M (±1% cap)
    NOI $308,105 @ 7.0% cap · market cap 4.29%
    Theoretical Best
    Office A
    $8.17M
    $7.15M – $9.53M (±1% cap)
    NOI $571,845 @ 7.0% cap · market cap 7.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Secure Box Self Storage — 1702 N Bulldog Rd, Cedar City, UT 84721
    • Kitty Hawk Storage — 1090 N Bulldog Rd, Cedar City, UT 84721
    • Bulloch Outdoor Self Storage — 2476 W 1600 N, Cedar City, UT 84721

    Location Insight

    • Map
    • Local Demand
    City
    Cedar City
    County
    Iron
    State
    Utah
    Longitude
    -113.087656
    Latitude
    37.6892

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    FAQs

    What type of property is this?
    Warehouse - 40,000 SF warehouse on 10.5 acres near Airport Road.
    Where is this warehouse located?
    The property is located at 689 N Airport Rd Cedar City, UT.
    What is the asking price?
    The asking price for this property is $7,190,000.
    What are key features of this property?
    This property features: 40,000 sq ft building built in 2023; Situated on a 10.5 Acre parcel; Benefit from **4 overhead drive‑through doors**
    (435) 559-1520
    We can help!
    Listing Contact
    RICK H LUNT
    RICK H LUNT
    Real Estate License ID: 5478530-PB
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