Flex Space with Ground-Level
11 JEREMY ST S, Salt Lake City, UT 84104
For Sale
$1,700,000
Office and warehouse areas are complemented by a conference room, kitchen, breakroom, and multiple support spaces.
Property Size1,975 SF
Price / SF$248.10
Days on Market12
Property Features for 11 JEREMY ST S
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Power
Voltage
Three-Phase Power
Additional Details
Property Use
Amenities
Large Kitchen
Large Breakroom
Large Storage Room
Reception Area
Conference Room
Bathrooms
IT Room
Building Details
Building Size
Year Built
Construction
Listing Agency:
CRE Specialists, LLC
Listed By:
Justin Welch · License UT #6561454
(801) 876-6070
Source:
Liftrealty
Added: Nov 3
Changed: Nov 13
Last Checked: Nov 12 at 2:13PM
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 CRE Specialists, LLC
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Investment Insights
Based on property information with market context.
Built in 1975, this 6,852-square-foot flex property includes 2,500 square feet of office space and 4,352 square feet of warehouse area. The office portion features a reception area, conference room, five offices, a kitchen, a breakroom, three bathrooms, and an IT room. One office is located within the warehouse, which also has a large storage room and a concrete tilt construction design.
The warehouse offers 16 feet of clear height and one powered ground-level door measuring 12 feet by 10 feet. Electrical service is 225 amps at 240 volts, single phase; the owner is willing to convert it to three-phase service. The building also has air conditioning, heat, and a swamp cooler.
The warehouse offers 16 feet of clear height and one powered ground-level door measuring 12 feet by 10 feet. Electrical service is 225 amps at 240 volts, single phase; the owner is willing to convert it to three-phase service. The building also has air conditioning, heat, and a swamp cooler.
Key Highlights
- 6,852 SF total: 2,500 SF of office and 4,352 SF of warehouse
- 16' clear height in the warehouse
- One 12' x 10' powered ground‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,358
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,160
$1.5M
Cap Rate 7%
$1,076,543
$1.1M
Cap Rate 9%
$837,311
$837.3K
Market Conditions
NOI Build-Up for 6,852 SF
Gross rent
$123.3K $18.00/SF
− Vacancy
−$7.4K −$1.08/SF
EGI
$115.9K $16.92/SF
− OpEx
−$40.6K −$5.92/SF
NOI
$75.4K $11.00/SF
Area
Salt Lake City, UT
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,507,160
Cap Rate 7%
$1,076,543
Cap Rate 9%
$837,311
Alternative Uses
Best Use
Flex RnD
$1.08M
$942.0K – $1.26M
NOI $75,358 @ 7.0% cap · market cap 4.43%
Second Best
Warehouse
$808.0K
$707.0K – $942.7K
NOI $56,559 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,222 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
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Market
Properties on Market for Flex space in Salt Lake City
Vacancy Rate% for Industrial in Salt Lake City, UT
Similar Off Market Nearby
- Chef ray’s — 900 W 400 S, Salt Lake City, UT 84104, United States
- Green jar — 300 S 300 W, Salt Lake City, UT 84101
- Bacchus Event Services — 357 W 200 S, Salt Lake City, UT 84101
- Nostalgia Catering — 355 N 500 W, Salt Lake City, UT 84116
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are complemented by a conference room, kitchen, breakroom, and multiple support spaces.
Where is this flex space located?
The property is located at 11 JEREMY ST S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 6,852 SF total: 2,500 SF of office and 4,352 SF of warehouse; 16' clear height in the warehouse; One 12' x 10' powered ground‑level door
