151 S Main St, Cedar City, UT
Retail building with warehouse, expansion, and leasing opportunity.
- Added:
- Nov 23, 2024
- Days on Market:
- 568
- Last Refresh:
- May 20 at 8:38 pm
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 agent Jon Walter License #5640288-AB00 (435) 627-5719
Listing office NAI Excel (435) 627-5719
Listing date Nov 23, 2024
Source Moodyscre
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
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.
- Warehouse lease includes utilities.
- Building constructed in 1950.
- Owner is a licensed real estate broker in Utah.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cedar City
- County
- Iron
- State
- Utah
- Longitude
- -113.061
- Latitude
- 37.6748
