Building Details

Building Size 1,944 SF

Year Built 1944

Listing Agency: Realtypath LLC (Cache Valley) Show Phone

Listed By: Chelsea Funk Show Phone

Source: Liftrealty

Added: Jun 1 Changed: Oct 23 Last Checked: Oct 23 at 9:06AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realtypath LLC (Cache Valley)

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This warehouse property includes approximately 500 sq. ft. of office space and a fully fenced yard. The building is set up with three large bay doors and electrical service that includes a three-phase electrical panel and a 110-volt sub-panel with a three-phase compressor.

Located on S Main St in Garland, UT, the site offers street frontage and provides direct, practical access for warehouse or small-bay operations.

The existing office and power infrastructure make the property well-suited to a range of light industrial uses where bay access and on-site electrical capacity are important.

Key Highlights

• Warehouse facility with approximately 500 SF of office space
• Fully fenced yard
• Three large bay doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,805

Cap Rate

3.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,100 $356.1K

Cap Rate 7%

$254,357 $254.4K

Cap Rate 9%

$197,833 $197.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,944 SF

Gross rent

$21.5K $11.04/SF

− Vacancy

−$515 −$0.26/SF

EGI

$20.9K $10.78/SF

− OpEx

−$3.1K −$1.62/SF

NOI

$17.8K $9.16/SF

Area

Box Elder County, UT

Vacancy

2.40%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,100

Cap Rate 7%

$254,357

Cap Rate 9%

$197,833

Alternative Uses

Best Use

Warehouse

$254.4K

$222.6K – $296.8K (±1% cap)

NOI $17,805 @ 7.0% cap · market cap 3.72%

Second Best

Industrial

$209.7K

$183.5K – $244.6K (±1% cap)

NOI $14,678 @ 7.0% cap · market cap 3.06%

Theoretical Best

Office A

$504.8K

$441.7K – $589.0K (±1% cap)

NOI $35,339 @ 7.0% cap · market cap 7.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Law Firm Restaurant Big Box & Wholesale Store Nail Salon Butcher

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

3

Drive-in doors

Yes

Heavy power

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 84312, UT

4,483

Population

1,573

Households

2.8

Avg Household Size

31

Median Age

23%

College-Educated

87%

High-School Grad

24.8 sq mi

ZIP Area

181

Density / Sq Mi

$77,095

Median Household Income

$44,159

Median Earnings

$912

Median Rent

$336,200

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

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$1,360,000

4,568 SF

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Specialty Land Parcel

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Frequently Asked Questions

What type of property is this?

Flex space - Warehouse facility with a fully fenced yard, office space, and three large bay doors.

Where is this flex space located?

The property is located at 1 S MAIN ST Garland, UT.

What is the asking price?

The asking price for this property is $479,000.

What are key features of this property?

This property features: Warehouse facility with approximately 500 SF of office space; Fully fenced yard; Three large bay doors