Main Street Retail and
151 S Main St Cedar City, UT
For Sale
Contact for pricing
Retail building with warehouse, expansion, and leasing opportunity.
Property Size6,546 SF
Lot Size0.49 Acres
Price / SF$150.47
Days on Market613
Property Features for 151 S Main St
General Information
Standard status
Active
Size
6,546 SF
Lot size
0.49 Acres
Property subtype
RETAIL
Properties For Sale
at 151 S Main St Contact us
Listing Agency:
NAI Excel
(435) 627-5719
Listed By:
Jon Walter · License #5640288-AB00
(435) 627-5719
Source:
Moodyscre
Added: Nov 23, 2024
Changed: Jul 6
Last Checked: Jul 22 at 3:58AM
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 property features a 4,212 square foot building constructed in 1950, with an additional 384 square feet on the second floor. A 1,950 square foot expansion was added in 2005. Additionally, a small warehouse building is located in the back of the property and is available for lease at $750 per month, including utilities, but excluding water or sewer service. The property is located on Main Street in Cedar City, Utah.
Key Highlights
- Substantial building size: 4,212 SF with an additional 384 SF on the second floor.
- Recent expansion: 1,950 SF expansion added in 2005.
- Additional warehouse space available for lease.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.1k | $11.16 |
| − Vacancy | −$1.0k | −$0.16 |
| EGI | $72.0k | $11.00 |
| − OpEx | −$10.8k | −$1.65 |
| NOI | $61.2k | $9.35 |
6,546 SF · lease $11.16/SF/yr · vacancy 1.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$874.7K
$765.3K – $1.02M
NOI $61,226 @ 7.0% cap · market cap 6.22%
Second Best
Retail
$845.1K
$739.4K – $985.9K
NOI $59,154 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,582 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail building with warehouse, expansion, and leasing opportunity.
Where is this retail space located?
The property is located at 151 S Main St Cedar City, UT.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Substantial building size: 4,212 SF with an additional 384 SF on the second floor.; Recent expansion: **1,950 SF expansion added in 2005.**; Additional warehouse space available for lease.
