Multi-Space Office
246 FIDDLERS CANYON Cedar City, UT 84721
For Sale
$1,500,000
Office building offering 13 office spaces, conference and multipurpose rooms, plus kitchen and gym areas.
Property Size8,859 SF
Price / SF$169.32
Days on Market627
Property Features for 246 FIDDLERS CANYON
General Information
- Standard status
- Active
- Size
- 8,859 SF
- Property subtype
- Office
Listing Agency:
Stratum Real Estate Group PLLC
(435) 586-4874
Listed By:
Jesse G Carter · License #8651453
(435) 586-4874
Source:
Xome
Added: Nov 5, 2024
Changed: Jul 23
Last Checked: Jul 24 at 5:20AM
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 Stratum Real Estate Group PLLC
Investment Insights
Based on property information with market context.
This income-producing office building features 13 office spaces along with four large multi-purpose rooms and one large conference room. The layout also includes a kitchen area and a large gym, supporting a range of office and meeting-related use within the property.
The building includes ample parking and an outdoor area. The property is currently in place with tenant rental income through 10/1/2027.
Overall, the configuration provides a multi-room office environment with dedicated meeting space and support areas, suited to an owner seeking ongoing income from the existing tenancy.
The building includes ample parking and an outdoor area. The property is currently in place with tenant rental income through 10/1/2027.
Overall, the configuration provides a multi-room office environment with dedicated meeting space and support areas, suited to an owner seeking ongoing income from the existing tenancy.
Key Highlights
- Building size: 8,859 sq ft with 13 office spaces
- Includes 1 large conference room plus 4 large multipurpose rooms
- Kitchen area and large gym included
Financial Insights For Office B
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 | $127.6k | $14.40 |
| − Vacancy | −$7.0k | −$0.79 |
| EGI | $120.6k | $13.61 |
| − OpEx | −$30.1k | −$3.40 |
| NOI | $90.4k | $10.21 |
8,859 SF · lease $14.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,415 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,649 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
My Psych Match
Crisis Center
Zion Hills Academy
Crisis Center
The Hope Group
Crisis Center
FAQs
What type of property is this?
Office building - Office building offering 13 office spaces, conference and multipurpose rooms, plus kitchen and gym areas.
Where is this office building located?
The property is located at 246 FIDDLERS CANYON Cedar City, UT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Building size: 8,859 sq ft with 13 office spaces; Includes 1 large conference room plus 4 large multipurpose rooms; Kitchen area and large gym included
