New Warehouse on 10.5
689 N Airport RD Cedar City, UT 84721
689 N Airport RD, Cedar City, UT, 84721
$7,190,000
For Sale
$7,190,000
40,000 SF warehouse on 10.5 acres near Airport Road.
Property Size40,000 SF
Lot Size10.50 Acres
Price / SF$179.75
Days on Market460
Property Features for 689 N Airport RD
General Information
- Standard status
- Active
- Size
- 40,000 SF
- Lot size
- 10.50 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2023
Listing Agency
D & B REAL ESTATE*
(435) 559-1520
Listed by
RICK H LUNT · License #5478530-PB
(435) 559-1520
Source
Exitrealty
Added: Apr 14, 2025 Checked: Jul 17 at 4:33 am
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 D & B REAL ESTATE*
Investment Insights
Based on property information with market context.
This property features a 40,000 square foot building constructed in 2023, situated on a 10.5-acre parcel located just off Airport Road. The building includes 4 overhead drive-through doors providing convenient access. Inside, there is one finished bathroom and two additional roughed-in bathrooms. The property also contains several office, conference, and storage rooms that are approximately 70% complete. The building is heated and features ample lighting.
Key Highlights
- 40,000 sq ft building constructed in 2023
- Situated on a 10.5 acre parcel
- Features 4 overhead drive‑through doors
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 | $446.4k | $11.16 |
| − Vacancy | −$6.2k | −$0.16 |
| EGI | $440.2k | $11.00 |
| − OpEx | −$66.0k | −$1.65 |
| NOI | $374.1k | $9.35 |
40,000 SF · lease $11.16/SF/yr · vacancy 1.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.34M
$4.68M – $6.24M
NOI $374,128 @ 7.0% cap · market cap 5.20%
Second Best
Industrial
$4.40M
$3.85M – $5.14M
NOI $308,105 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$8.17M
$7.15M – $9.53M
NOI $571,845 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Secure Box Self Storage — 1702 N Bulldog Rd, Cedar City, UT 84721
- Kitty Hawk Storage — 1090 N Bulldog Rd, Cedar City, UT 84721
- Bulloch Outdoor Self Storage — 2476 W 1600 N, Cedar City, UT 84721
FAQs
What type of property is this?
Warehouse - 40,000 SF warehouse on 10.5 acres near Airport Road.
Where is this warehouse located?
The property is located at 689 N Airport RD Cedar City, UT.
What is the asking price?
The asking price for this property is $7,190,000.
What are key features of this property?
This property features: 40,000 sq ft building constructed in 2023; Situated on a 10.5 acre parcel; Features 4 overhead drive‑through doors
