Automotive Flex Corner
840 E Highway 193 Layton, UT 84040
For Sale
$2,500,000
Pending
Corner lot with Highway 193 frontage and a heated shop with three 12' overhead doors.
Property Size9,634 SF
Days on Market731
Property Features for 840 E Highway 193
General Information
- Standard status
- Pending
- Size
- 9,634 SF
Listing Agency:
JWH Real Estate
(801) 458-6272
Listed By:
MARC J HANSEN · License #5701784
(801) 458-6272
Source:
Exprealty
Added: Jul 26, 2024
Changed: Jul 10
Last Checked: Jul 25 at 11:38AM
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 JWH Real Estate
Investment Insights
Based on property information with market context.
This corner lot property includes a 9,634 square foot building designed for automotive and flexible commercial use. The improvements consist of 6,934 square feet of office/showroom space and 2,700 square feet of insulated, heated, and cooled shop space. The shop is accessible through three 12' overhead doors, and the shop areas feature 15' ceiling height. The showroom is wrapped in floor-to-ceiling windows, providing extensive glazing for display or customer-facing use. The lot is partially fenced to support secured parking and operational control.
The site benefits from frontage on HWY 193 and Fairfield Drive. Based on the current layout, the property is positioned to serve both office/showroom and shop functions while maintaining access for vehicles through the overhead door openings.
While the property is currently used as a car lot/office and shop, the existing office/showroom configuration and the insulated, climate-controlled shop make it a practical candidate for users seeking a combined customer-facing and service/repair footprint. Interested parties should note that the property has a current tenant and showings must be scheduled through the listing broker, with instructions not to disturb the tenant.
The site benefits from frontage on HWY 193 and Fairfield Drive. Based on the current layout, the property is positioned to serve both office/showroom and shop functions while maintaining access for vehicles through the overhead door openings.
While the property is currently used as a car lot/office and shop, the existing office/showroom configuration and the insulated, climate-controlled shop make it a practical candidate for users seeking a combined customer-facing and service/repair footprint. Interested parties should note that the property has a current tenant and showings must be scheduled through the listing broker, with instructions not to disturb the tenant.
Key Highlights
- Corner lot with frontage on Hwy 193 and Fairfield Drive in East Davis County
- 9,634 SF building with 6,934 SF office/showroom space and 2,700 SF insulated, heated, and cooled shop
- Shop area includes three 12' overhead doors and 15' ceiling height
Financial Insights For Flex RnD
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 | $211.6k | $21.96 |
| − Vacancy | −$12.1k | −$1.25 |
| EGI | $199.5k | $20.71 |
| − OpEx | −$69.8k | −$7.25 |
| NOI | $129.7k | $13.46 |
9,634 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.85M
$1.62M – $2.16M
NOI $129,677 @ 7.0% cap · market cap 5.19%
Second Best
Retail
$1.66M
$1.46M – $1.94M
NOI $116,449 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,753 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Corner lot with Highway 193 frontage and a heated shop with three 12' overhead doors.
Where is this flex space located?
The property is located at 840 E Highway 193 Layton, UT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Corner lot with frontage on Hwy 193 and Fairfield Drive in East Davis County; 9,634 SF building with 6,934 SF office/showroom space and 2,700 SF insulated, heated, and cooled shop; Shop area includes three 12' overhead doors and 15' ceiling height
