Established Multifamily Apartment
For Sale
$1,525,000
109 S 100 E Apt 2, Cedar City, UT 84720
Existing tenants and an operating history support continued multifamily use.
Property Size9,558 SF
Days on Market53
Property Features for 109 S 100 E Apt 2
General Information
Standard status
Active
Size
9,558 SF
Property subtype
Multifamily
Building Details
Building Size
9,558 SF
Listing Agency:
NAI Excel
Listed By:
Neil Walter · License #UT 5483438-BB00
(435) 627-5720
Source:
Naiglobal
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 5 at 5:03PM
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 NAI Excel
Investment Insights
Based on property information with market context.
This apartment property is an established multifamily asset with an existing tenant base and a documented operating history. The property is described as income-producing and is located at 109 S 100 E Apt 2 in Cedar City, Utah.
Its central Cedar City setting provides access to downtown, Southern Utah University, employment centers, shopping, dining, and community services. The surrounding access points support a range of tenant needs within the local community.
Its central Cedar City setting provides access to downtown, Southern Utah University, employment centers, shopping, dining, and community services. The surrounding access points support a range of tenant needs within the local community.
Key Highlights
- Established multifamily apartment asset
- Existing tenant base in place
- Proven operating history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,891
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,820
$1.6M
Cap Rate 7%
$1,127,014
$1.1M
Cap Rate 9%
$876,567
$876.6K
Market Conditions
NOI Build-Up for 9,558 SF
Gross rent
$149.1K $15.60/SF
− Vacancy
−$5.7K −$0.59/SF
EGI
$143.4K $15.01/SF
− OpEx
−$64.5K −$6.75/SF
NOI
$78.9K $8.25/SF
Area
Iron County, UT
Vacancy
3.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,820
Cap Rate 7%
$1,127,014
Cap Rate 9%
$876,567
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$986.1K – $1.31M
NOI $78,891 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,642 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 84720, UT
23,607
Population
8,984
Households
2.6
Avg Household Size
28
Median Age
35%
College-Educated
95%
High-School Grad
341.5 sq mi
ZIP Area
69
Density / Sq Mi
$63,742
Median Household Income
$29,979
Median Earnings
$932
Median Rent
$357,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Existing tenants and an operating history support continued multifamily use.
Where is this apartment building located?
The property is located at 109 S 100 E Apt 2 Cedar City, UT.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Established multifamily apartment asset; Existing tenant base in place; Proven operating history
