Building Details

Year built 2026

Floors in Building 1

Listing Agency: KW Ascend Keller Williams Realty k***@kw.com Show Phone

Listed By: Lindsay Talbert · License #13948484 Show Phone

Added: Apr 29 Changed: Oct 2 Last Checked: Oct 6 at 11:06PM

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MLS# 26-271825

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.

Investment Insights

Based on property information with market context.

This 5,000 SF flex space is under construction for delivery in 2026 on a 0.42-acre lot. The planned building includes full climate control, a mezzanine for storage or additional workspace, two bathrooms, a 24' x 12' private office, insulated overhead doors, and 1-3 phase power. A loading dock may be added at an additional cost. The property will also include a landscaped, fenced yard and no CAM fees.

Located at 780 N Old Highway 91 in Hurricane, the property provides immediate access to I-15 and SR-9. The site is within the Hurricane industrial corridor, with Walmart Distribution, FedEx Ground, and Orgill identified as neighboring tenants. M-1 zoning supports a broad range of industrial uses.

Key Highlights

• 5,000 SF flex space on a 0.42‑acre lot
• Under construction with 2026 delivery
• M‑1 zoning with immediate I‑15 and SR‑9 access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,320

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$846,400 $846.4K

Cap Rate 7%

$604,571 $604.6K

Cap Rate 9%

$470,222 $470.2K

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$54.0K $10.80/SF

− Vacancy

−$4.2K −$0.84/SF

EGI

$49.8K $9.96/SF

− OpEx

−$7.5K −$1.49/SF

NOI

$42.3K $8.46/SF

Area

Washington County, UT

Vacancy

7.80%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$846,400

Cap Rate 7%

$604,571

Cap Rate 9%

$470,222

Alternative Uses

Best Use

Warehouse

$604.6K

$529.0K – $705.3K (±1% cap)

NOI $42,320 @ 7.0% cap · market cap 3.68%

Second Best

Flex RnD

$510.9K

$447.0K – $596.0K (±1% cap)

NOI $35,762 @ 7.0% cap · market cap 3.11%

Theoretical Best

Specialty Retail

$1.38M

$1.20M – $1.61M (±1% cap)

NOI $96,381 @ 7.0% cap · market cap 8.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Building Supply HVAC Service Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

Explore this area Business Placement

Demographics for 84737, UT

21,212

Population

9,320

Households

2.3

Avg Household Size

39

Median Age

26%

College-Educated

95%

High-School Grad

250.1 sq mi

ZIP Area

85

Density / Sq Mi

$70,417

Median Household Income

$31,315

Median Earnings

$1,239

Median Rent

$420,900

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - M-1-zoned industrial space with climate control, mezzanine storage, fenced yard, and direct connectivity to I-15 and SR-9.

Where is this flex space located?

The property is located at 780 N Old Highway 91 Hurricane, UT.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 5,000 SF flex space on a 0.42‑acre lot; Under construction with 2026 delivery; M‑1 zoning with immediate I‑15 and SR‑9 access