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8-Unit Industrial Flex Building
For Sale
$1,450,000

1001 E 450 S, Vernal, UT 84078

Commercial Sale, Vernal, UT

Property Size19,756 SF
Lot Size1.05 Acres
Price / SF$73.40
Days on Market243

Property Features for 1001 E 450 S

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Subdivision Vernal; Naples; Jensen
Standard status Active
APN 05:045:0019
Lot size 1.05 Acres

Taxes and HOA fees

Tax Annual Amount 4598

Utilities

Heating system Natural Gas

Building Details

Year built 1983
Flooring type Concrete
Roof type Metal
Listing Agency: KW WESTFIELD · Keller Williams Realty
Listed By: Cory Jones · License #8563999-SA00
Added: Feb 5 Changed: Oct 1 Last Checked: Oct 6 at 2:06PM
MLS# 2136295

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Investment Insights

Based on property information with market context.

This 8-unit industrial flex building contains approximately 19,756 square feet on a 1.05-acre parcel. Each unit includes an office with its own glass-door entrance, an entry door to the shop area, and a 12' x 14' overhead door. Concrete flooring and natural gas heating serve the building, which was constructed in 1983.

Recent improvements include a new metal roof and upgraded ceiling insulation completed in 2019, LED lighting installed throughout in 2021, and a new asphalt parking lot with striping completed in 2025. Five of the eight overhead furnaces have also been replaced in recent years. The property is located just northeast of the Vernal Regional Airport and is zoned Commercial.

Key Highlights

  • 8‑unit industrial flex building with approximately 19,756 SF
  • Each unit has a dedicated office entrance and shop access door
  • Each unit includes a 12' x 14' overhead door

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Pharmacy Dental Office Garden Center Nail Salon (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby
Well-served
Demand for This Use

Demographics for 84078, UT

29,172
Population
11,222
Households
2.6
Avg Household Size
31
Median Age
18%
College-Educated
89%
High-School Grad
1,337.2 sq mi
ZIP Area
22
Density / Sq Mi
$71,230
Median Household Income
$36,374
Median Earnings
$907
Median Rent
$279,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Well-maintained commercial building with dedicated office entries, shop areas, and overhead doors for each unit.
Where is this flex space located?
The property is located at 1001 E 450 S Vernal, UT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8‑unit industrial flex building with approximately 19,756 SF; Each unit has a dedicated office entrance and shop access door; Each unit includes a 12' x 14' overhead door
More about this property
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