Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1515 W S St S West Valley City, UT 84103

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    19,548 SF flex building with leasing opportunities.

    Property size:
    19,548 SF
    Lot size:
    2.26 Acres

    Property Features for 1515 W S St S

    General Information

    Size
    19,548 SF
    Lot size
    2.26 Acres

    We can help!

    Listing Contact
    West D. Haradin
    West D. Haradin
    Source: Moodyscre

    Listing Agency: cRc Nationwide Listing Agent: West D. Haradin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    West Valley Flex Building

    Located in West Valley City, Utah, the property at 1515 West 2200 South is a 19,548 square-foot flex building suitable for either an owner-user or investment purposes. The multi-tenant property has 12,026 square feet available for lease, divisible into two spaces: 4,173 square feet and 7,853 square feet. Situated on a 2.26-acre site, the building has been newly remodeled and includes two 8’ x 8’ ground-level doors. The clear height ranges from 10’ to 15’. It features 3-phase power, fire sprinklers, and is zoned for office and light industrial use. Ample parking is available, with a ratio of 6.91 spaces per 1,000 square feet. The property offers visibility from S.R. 201 Freeway and provides convenient access to S.R. 201, I-15, and I-215.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Dental Office Hotel & Motel Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9165748
    Latitude
    40.7366575

    Nearby Similar for Sale

    • $2,200,000
      0.52 Acres

      West Valley City Commercial Property

      Commercial property in West Valley City industrial area for sale.
      2170 S 3600 W, West Valley City, UT 84119
      View Details
    • $44,400
      0.10 Acres

      Established Boutique Business For Sale

      Turn-key boutique business opportunity in a high-traffic West Valley location.
      3601 S 2700 W, West Valley City, UT 84119
      View Details
    • New
      $425,000
      1,092 SF

      West Valley City Duplex Opportunity

      Income-producing duplex with remodeled unit and value-add potential.
      1461 W Sunset Ave, West Valley City, UT 84119
      View Details
    • $879,000
      3,764 SF

      West Valley City Multifamily Property

      Turnkey investment property with long-term tenants and steady income.
      3279 S 4140 W, West Valley City, UT 84120
      View Details
    • $530,000
      1,198 SF

      West Valley City Duplex Investment

      Duplex with consistent rental income, near transit and shopping.
      2483 W Robin Rd, West Valley City, UT 84119
      View Details
    • $559,000
      1,884 SF

      West Valley City Duplex Investment

      Duplex with remodeled unit, tenant in place, and RV parking.
      6512 W 4100 S, West Valley City, UT 84128
      View Details
    • $879,000
      3,472 SF

      Well-Maintained West Valley City Fourplex

      Fully rented fourplex in West Valley City, great investment opportunity.
      4644 S Carnegie Tech St W, West Valley City, UT 84120
      View Details
    • $499,900
      1,672 SF

      West Valley Multifamily Investment Opportunity

      Multifamily property near I-215 and I-15 in West Valley.
      2339 S Derby St W, West Valley City, UT 84119
      View Details
    • $428,720

      West Valley City Investment Opportunity

      Updated office building with fitness center in West Valley City.
      3725 West South Brg South, West Valley City, UT 84120
      View Details
    • Contact for pricing

      Fully Occupied Retail Strip Buildings

      Premier outparcels to Highbury Center with long-term tenants.
      5567 High Commons Way, West Valley City, UT 84120
      View Details
    • Contact for pricing

      Versatile Warehouse/Manufacturing Space Available

      Strategically located property for manufacturing, warehousing, and distribution operations.
      7079 W Gates Ave, West Valley City, UT 84128
      View Details

    FAQs

    What type of property is this?
    Flex space - 19,548 SF flex building with leasing opportunities.
    Where is this flex space located?
    The property is located at 1515 W S St S West Valley City, UT.
    What are key features of this property?
    This property features: - Excellent Location: Easy access to S.R. 201, I-15 & I-215 and S.R. 201 Freeway Visibility.; - Versatile Use: Opportunity for Owner User or Investment with 12,026 SF Available for Lease and Multi-Tenant Property.; - Flexible Space: 19,548 SF Total Flex Building divisible into Space 1: 4,173 SF and Space 2: 7,853 SF.
    (801) 617-1700 Call to check price and availability
    Request Owner's contact information
    1515 W S St S West Valley City, UT 84103
    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.
    1515 W S St S
    West Valley City, UT 84103
    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
    1515 W S St S West Valley City, UT 84103
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing West D. Haradin
    West D. Haradin
    Real Estate License ID: 5482596-PB00
    (801) 617-1700 (801) 718-9239 (801) 617-1702
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!