Add Listing
    For Lease
    • 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

    1212 E Venture Dr St George, UT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    19,832 SF industrial space for sublease at $0.85/SF NNN.

    Type:INDUSTRIAL
    Property size:
    19,832 SF
    Lot size:
    9.82 Acres
    Added:
    Sep 17, 2024
    Days on Market:
    581
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 1212 E Venture Dr

    General Information

    Standard status
    Active
    Size
    19,832 SF
    Lot size
    9.82 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 1212 E Venture Dr Contact us

    We can help!

    Listing Contact
    Travis Parry

    Listing agent Travis Parry

    Listing office LINX

    Listing date Sep 17, 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 LINX

    Overview

    Industrial Space Sublease Opportunity

    This 19,832 square foot industrial space is available for sublease at $0.85 per square foot NNN. The property features three 12'x14' rollup doors and a 26' clear height. It is equipped with 277/480V 3-phase power, approximately 200 amps. The location offers close proximity to the I-15 interchange and is adjacent to a FedEx facility and a Family Dollar Distribution Center. Situated in Ft Pierce, the area's premier industrial park, the property benefits from being in one of the lowest power cost areas in the country.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paparazzi Distribution Center Warehouse & Storage Savvi Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Accounting Firm Grocery & Convenience Store Electronics & Wireless Store Clothing & Fashion Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Travel Agency

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

    Similar Places Nearby

    • Swiss Bank Storage Fort Pierce — 997 Factory Dr, St. George, UT 84790
    • Lee Self Storage — 493 Quality Drive, St. George, UT 84790
    • PM Storage & RV Parking — 4491 Mill Circle, St. George, UT 84790
    • St George Storage Units: Big Bens — 4485 Mill Circle, St. George, UT 84790
    • Big Ben's Moving and Storage (St George) — 4485 Mill Circle, St. George, UT 84790

    Location Insight

    • Map
    • Local Demand
    City
    St George
    County
    Washington
    State
    Utah
    Longitude
    -113.559
    Latitude
    37.0301

    Nearby Similar for Lease

    • Contact for pricing

      Restaurant Space in St George

      Functional restaurant space with high visibility in Southern Utah.
      720 E 700 S, St George, UT 84770
      View Details
    • $1.00/mo

      St George Office Space

      Office space for legal, financial, and administrative professionals.
      466 E Tabernacle St, St George, UT 84770
      View Details
    • Contact for pricing

      St George Commercial Space

      Commercial space available for lease in St George, Utah.
      250 N RED CLIFFS, St George, UT 84770
      View Details
    • Contact for pricing

      Turnkey Restaurant in St George

      Fully equipped restaurant inside a popular hotel and conference center.
      850 S BLUFF, St George, UT 84770
      View Details
    • $2.00/mo

      St George Office Units

      Multiple office units available for lease in St George.
      635 N RED ROCK, St George, UT 84770
      View Details
    • $1.00/mo

      Proposed Retail Suite Development

      New mixed-use development with retail and office space for lease.
      1 4375 S Pioneer Road, St George, UT 84790
      View Details
    • $1.00/mo

      Retail Space at Shoppes Zion

      Exceptional retail opportunity with high visibility and demand.
      250 N RED CLIFFS #12, St George, UT 84770
      View Details
    • $3/mo

      Office Space in Ancestor Square

      Historic office space in the heart of downtown St. George.
      2 W ST GEORGE Blvd, St George, UT 84770
      View Details
    • $3/mo

      Downtown St George Office/Retail Space

      Office or retail space in Ancestor Square, downtown St George.
      2 W St George Blvd, St George, UT 84770
      View Details
    • $3/mo

      Downtown St George Office/Retail Space

      Office or retail space in Ancestor Square, downtown St George.
      2 W St George Blvd, St George, UT 84770
      View Details
    • Contact for pricing

      Office Space on Dixie Drive

      Office space featuring floor-to-ceiling windows and ample parking.
      912 W 1600 S, St George, UT 84770
      View Details
    • $1.00/mo

      Proposed Office Space Development

      New mixed-use development with office space, breaking ground Fall 2026.
      2 4375 S Pioneer Road, St George, UT 84790
      View Details

    FAQs

    What type of property is this?
    Warehouse - 19,832 SF industrial space for sublease at $0.85/SF NNN.
    Where is this warehouse located?
    The property is located at 1212 E Venture Dr St George, UT.
    What is the lease rate?
    The lease rate is $0.85 SF/Yr.
    What are key features of this property?
    This property features: Lowest rate on the market at $0.85sf NNN; Cheapest power area in the state, and one of the lowest in the country; Benefit from the **26' clear height**
    (435) 359-4900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Travis Parry
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!