Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1492 K Tooele, UT 84074

    Sponsored
    For Sale
    $22,000,000

    Four large warehouses, rail access, investment opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    351
    This exceptional industrial portfolio in Tooele, Utah, presents a unique investment or owner-occupancy opportunity. The property encompasses four substantial warehouses, each boasting 90,000 square feet of space, totaling 360,000 square feet. A significant advantage is the inclusion of rail access, enhancing logistical capabilities and operational efficiency. The sale price includes the land parcels necessary for rail access, providing a complete and ready-to-use industrial complex. This is a bulk purchase opportunity, with the price reflecting a reduction to incentivize the acquisition of all four buildings and the associated rail infrastructure as a single package. The property is ideally suited for a variety of industrial uses, offering substantial space and excellent connectivity. Current tenant information is available upon request. The 20-acre lot provides ample space for expansion, maneuvering, and potential future development. This is a rare opportunity to acquire a significant industrial asset in a strategic location with exceptional infrastructure. The substantial size and strategic location make this property an attractive investment for both owner-occupiers and investors seeking a high-yield, long-term asset. The reduced price makes this an even more compelling opportunity.

    Property Features for 1492 K

    General Information

    Property type
    Industrial properties
    Lot Size
    871,200 SF

    We can help!

    Listing Contact
    Marnee L Hardie

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Clothing Store Department Store Dental Office Electrical Service Home Appliance Store Plumbing Service HVAC Service Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.3389
    Latitude
    40.53376

    Nearby Similar for Sale

    • $4,030,445
      1.23 Acres

      Tooele Commercial Investment Opportunity

      Fully leased commercial property on Main Street in Tooele, Utah.
      950 N Main St, Tooele, UT 84074
      View Details
    • $2,900,000
      3.00 Acres

      Heavy Equipment Shop on 3 Acres

      Heavy equipment shop on 3 acres in Tooele business park.
      226 S 1200 W, Tooele, UT 84074
      View Details
    • $450,000
      1,450 SF

      Turnkey Investment Property in Tooele

      Two separate homes on one lot, ready for investment.
      230 N 2Nd St E, Tooele, UT 84074
      View Details
    • $700,000
      2,574 SF

      Tooele Fourplex Investment Opportunity

      Fourplex in Tooele with recent updates and good rental history.
      16 N 100 W, Tooele, UT 84074
      View Details
    • $540,000
      0.25 Acres

      Downtown Tooele Commercial Space

      Commercial space available in the heart of downtown Tooele.
      24 W 100 S, Tooele, UT 84074
      View Details
    • $258,900
      900 SF

      Tooele Condo with Upgrades

      Two-story condo featuring granite countertops and tankless water heater.
      698 Ry Ln, Tooele, UT 84074
      View Details
    • Contact for pricing
      11,500 SF

      Tooele Warehouse with Fenced Yard

      11,500 SF warehouse with fenced yard near I-80.
      310 E 2000 N, Tooele, UT
      View Details
    • Contact for pricing
      105,560 SF

      Tooele Industrial Development Opportunity

      Master-planned industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT
      View Details
    • Contact for pricing
      912,800 SF

      Large Industrial Development Opportunity

      Master-planned industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT
      View Details
    • Contact for pricing
      287,000 SF

      Master-Planned Industrial Development

      287,000 SF industrial property with highway access.
      1830 Ut-112, Tooele, UT
      View Details
    • Contact for pricing
      1,284,640 SF

      Master-Planned Industrial Development For Sale

      26-building industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT
      View Details
    • Contact for pricing
      1,125,600 SF

      Large Industrial Development Opportunity

      Master-planned industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT
      View Details

    FAQs

    What type of property is this?
    Industrial property - Four large warehouses, rail access, investment opportunity.
    Where is this industrial property located?
    The property is located at 1492 K Tooele, UT.
    What is the asking price?
    The asking price for this property is $22,000,000.
    (801) 849-1257
    Request Owner's contact information
    1492 K Tooele, UT 84074
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1492 K
    Tooele, UT 84074
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1492 K Tooele, UT 84074
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marnee L Hardie
    (801) 849-1257
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.