Flex Space with Fenced
For Sale
Contact for pricing
1005 S Main St, Lindon, UT 84062
Multi-building property combines office, industrial, and shop space with a secure fenced yard and specialized site improvements.
Property Size48,500 SF
Lot Size17.50 Acres
Price / SF$350.52
Days on Market166
Property Features for 1005 S Main St
General Information
Standard status
Active
Size
48,500 SF
Lot size
17.50 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
20,000 SF
Amenities
Car wash bay
Fueling station
Dock-high loading capability
Overhead crane
Training room
Custom paint facility
Building Details
Buildings
3
Properties For Sale
at 1005 S Main St Contact us- Floor
- Bldg
- Size
- 48,500 SF
- Type
- INDUSTRIAL
- Lease Type
- FULL_SERVICE
- Availability
- AVAILABLE, Now
- Sublease
- No
1005 S Main St
- Total Square Footage: 48,500 SF across three buildings
- 20,000 SF Class A Office
-...
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Contact us
Listing Agency:
Colliers | Salt Lake City Millrock
(801) 947-8328
Listed By:
Brandon Fugal · License #5477023-SA00
Source:
Moodyscre
Added: Mar 18
Changed: Aug 29
Last Checked: Aug 29 at 8:46PM
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 Colliers | Salt Lake City Millrock
Investment Insights
Based on property information with market context.
This flex property spans 48,500 SF across three buildings, including 20,000 SF of Class A office space, 21,500 SF of industrial area with a mezzanine and training room, and a 7,000 SF shop with a custom paint facility. The site also includes a car wash bay, fueling station, dock-high loading capability, and an overhead crane.
The property encompasses approximately 17.5 acres, including 12 acres of improved, fenced yard space. Direct access is available from North County Blvd and Geneva Road, with I-15 reachable in less than 5 minutes via North County Blvd. Availability is immediate.
The property encompasses approximately 17.5 acres, including 12 acres of improved, fenced yard space. Direct access is available from North County Blvd and Geneva Road, with I-15 reachable in less than 5 minutes via North County Blvd. Availability is immediate.
Key Highlights
- 48,500 SF across three buildings
- 20,000 SF Class A office component
- 21,500 SF industrial space with mezzanine and training room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$680,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,618,800
$13.6M
Cap Rate 7%
$9,727,714
$9.7M
Cap Rate 9%
$7,566,000
$7.6M
Market Conditions
NOI Build-Up for 48,500 SF
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.
Gross rent
$1.16M $24.00/SF
− Vacancy
−$256.1K −$5.28/SF
EGI
$907.9K $18.72/SF
− OpEx
−$227.0K −$4.68/SF
NOI
$680.9K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,618,800
Cap Rate 7%
$9,727,714
Cap Rate 9%
$7,566,000
Alternative Uses
Best Use
Office B
$9.73M
$8.51M – $11.35M
NOI $680,940 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$5.52M
$4.83M – $6.44M
NOI $386,215 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$13.37M
$11.70M – $15.60M
NOI $935,856 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84062, UT
47,771
Population
14,649
Households
3.3
Avg Household Size
28
Median Age
43%
College-Educated
96%
High-School Grad
50.7 sq mi
ZIP Area
942
Density / Sq Mi
$101,584
Median Household Income
$41,079
Median Earnings
$1,617
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Custom Catering & Events — 45 E 400 N St, Lindon, UT 84042
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building property combines office, industrial, and shop space with a secure fenced yard and specialized site improvements.
Where is this flex space located?
The property is located at 1005 S Main St Lindon, UT.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: 48,500 SF across three buildings; 20,000 SF Class A office component; 21,500 SF industrial space with mezzanine and training room
