Warehouse Space Near Distribution
For Sale
Contact for pricing
700 E Alabaster Rd, St George, UT
Divisible warehouse space with fenced yard near I-15.
Property Size12,287 SF
Lot Size72.37 Acres
Price / SF$219.74
Days on Market557
Property Features for 700 E Alabaster Rd
General Information
Standard status
Active
Size
12,287 SF
Lot size
72.37 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 700 E Alabaster Rd Contact us- Floor
- Bldg
- Size
- 12,287 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Completion
- Sublease
- No
700 E Alabaster Rd
- Devisable to two spaces, plumbed for 2 additional bathrooms
- Adjacent to the new...
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Listing Agency:
LINX
Listed By:
Travis Parry · License #0143336
(435) 359-4900
Source:
Moodyscre
Added: Feb 25, 2025
Changed: Aug 9
Last Checked: Sep 4 at 2:19PM
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 LINX
Investment Insights
Based on property information with market context.
This 12,287-square-foot warehouse space is divisible into two separate areas and includes plumbing for two additional bathrooms. The property features a private fenced yard. It benefits from close proximity to I-15 and the airport. The location is adjacent to the new Amazon distribution center. The property also benefits from access to low-cost power.
Key Highlights
- Cheapest power in the state and one of the lowest in the US
- Adjacent to the new Amazon distribution center
- Close proximity to I‑15 and the airport
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
$103,997
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
3.85%
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%
$2,079,940
$2.1M
Cap Rate 7%
$1,485,671
$1.5M
Cap Rate 9%
$1,155,522
$1.2M
Market Conditions
NOI Build-Up for 12,287 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
$132.7K $10.80/SF
− Vacancy
−$10.4K −$0.84/SF
EGI
$122.3K $9.96/SF
− OpEx
−$18.4K −$1.49/SF
NOI
$104.0K $8.46/SF
Area
Washington County, UT
Vacancy
7.80%
Lease Rate
$10.80 /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%
$2,079,940
Cap Rate 7%
$1,485,671
Cap Rate 9%
$1,155,522
Alternative Uses
Best Use
Warehouse
$1.49M
$1.30M – $1.73M
NOI $103,997 @ 7.0% cap · market cap 3.85%
Second Best
Industrial
$1.22M
$1.07M – $1.43M
NOI $85,644 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.95M
NOI $236,846 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Divisible warehouse space with fenced yard near I-15.
Where is this warehouse located?
The property is located at 700 E Alabaster Rd St George, UT.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Cheapest power in the state and one of the lowest in the US; Adjacent to the new Amazon distribution center; Close proximity to I‑15 and the airport
