Duplex Retail
1068 North Industrial Park Circle Grantsville, UT 84029
New
For Sale
Contact for pricing
Duplex commercial building on 1.87 acres in Grantsville, offering flexible space for operating and potential splitting.
Property Size5,600 SF
Lot Size1.87 Acres
Price / SF$357.14
Days on Market4
Property Features for 1068 North Industrial Park Circle
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 1.87 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing Agency:
New West Realty Group LLC
(435) 830-2063
Listed By:
Michael Quarnberg · License #UT 5467839PB00
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 7:43AM
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 New West Realty Group LLC
Investment Insights
Based on property information with market context.
This for-sale retail commercial building is configured as a duplex, providing two separate sides that could be used together or potentially sold separately to different operators. The property sits on 1.87 acres and is positioned within a commercial park setting.
The location is in Grantsville, Utah, with access described as approximately 15 minutes to I-80 and about 30 minutes to Salt Lake City.
With the duplex arrangement and available site area, the building is suited for buyers seeking an owner-operator setup or an arrangement that allows separating operations between the two sides.
The location is in Grantsville, Utah, with access described as approximately 15 minutes to I-80 and about 30 minutes to Salt Lake City.
With the duplex arrangement and available site area, the building is suited for buyers seeking an owner-operator setup or an arrangement that allows separating operations between the two sides.
Key Highlights
- Duplex commercial building built in 2004
- Located in Grantsville, Utah commercial park
- Sits on 1.87 acres with room for a business operation
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.1k | $16.80 |
| − Vacancy | −$2.6k | −$0.47 |
| EGI | $91.4k | $16.33 |
| − OpEx | −$27.4k | −$4.90 |
| NOI | $64.0k | $11.43 |
5,600 SF · lease $16.80/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$914.5K
$800.2K – $1.07M
NOI $64,012 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,610 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Woulf Warehouse Automation
Industrial Manufacturer
Fields Quality Concrete ...
Construction Company
FAQs
What type of property is this?
Retail space - Duplex commercial building on 1.87 acres in Grantsville, offering flexible space for operating and potential splitting.
Where is this retail space located?
The property is located at 1068 North Industrial Park Circle Grantsville, UT.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Duplex commercial building built in 2004; Located in Grantsville, Utah commercial park; Sits on 1.87 acres with room for a business operation
