Cedar City Flex Space
For Sale
Contact for pricing
1128 N Bulldog Rd, Cedar City, UT
16,000 SF flex space with showroom and shop.
Property Size16,000 SF
Lot Size2.50 Acres
Price / SF$331.25
Days on Market268
Property Features for 1128 N Bulldog Rd
General Information
Standard status
Active
Size
16,000 SF
Lot size
2.50 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 1128 N Bulldog Rd Contact us- Floor
- 1
- Size
- 16,000 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1128 N Bulldog Rd
• 3,000 SF Showroom/Office
• 13,000 SF Shop
• 9 12x18' Ground Level Doors
•...
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Contact us
Listing Agency:
Mountain West - Corporate
(435) 256-8774
Listed By:
Troy Scheel
(435) 256-8774
Source:
Moodyscre
Added: Nov 13, 2025
Changed: Aug 8
Last Checked: May 20 at 8:41PM
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 Mountain West - Corporate
Investment Insights
Based on property information with market context.
This 16,000 square foot flex space includes a 3,000 SF showroom/office area and a 13,000 SF shop. The shop features nine 12x18' ground-level doors and four drive-thru bays. The property has a 20' clear height and is equipped with 3-phase power at 208V and 400 amps. It offers easy access and I-15 frontage. The property is located on Bulldog Rd in Cedar City, UT.
Key Highlights
- Easy Access I‑15 Frontage
- 13,000 SF Shop
- Features 4 Drive Thru Bays
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
$149,651
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
2.82%
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%
$2,993,020
$3.0M
Cap Rate 7%
$2,137,871
$2.1M
Cap Rate 9%
$1,662,789
$1.7M
Market Conditions
NOI Build-Up for 16,000 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
$178.6K $11.16/SF
− Vacancy
−$2.5K −$0.16/SF
EGI
$176.1K $11.00/SF
− OpEx
−$26.4K −$1.65/SF
NOI
$149.7K $9.35/SF
Area
Iron County, UT
Vacancy
1.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
15.00%
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%
$2,993,020
Cap Rate 7%
$2,137,871
Cap Rate 9%
$1,662,789
Alternative Uses
Best Use
Warehouse
$2.14M
$1.87M – $2.49M
NOI $149,651 @ 7.0% cap · market cap 2.82%
Second Best
Retail
$2.07M
$1.81M – $2.41M
NOI $144,588 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,738 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial 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?
Flex space - 16,000 SF flex space with showroom and shop.
Where is this flex space located?
The property is located at 1128 N Bulldog Rd Cedar City, UT.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Easy Access I‑15 Frontage; 13,000 SF Shop; Features 4 Drive Thru Bays
