Insulated Warehouse Condo
For Sale
Contact for pricing
24 E Industrial Rd, Washington, UT 84780
High-quality insulated warehouse condos with roll-up power doors, A/C & heating, and multiple electrical hookups in a private facility.
Property Size960 SF
Price / SF$197.92
Days on Market857
Property Features for 24 E Industrial Rd
General Information
Standard status
Active
Size
960 SF
Property subtype
INDUSTRIAL
Amenities
clubhouse
restrooms
Listing Agency:
Century 21 Everest | Cottonwood Heights
(801) 449-3000
Listed By:
Bryan Burnett · License #5496981-SA
(435) 705-3029
Source:
Moodyscre
Added: May 10, 2024
Changed: Sep 2
Last Checked: Sep 13 at 10:15AM
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 Century 21 Everest | Cottonwood Heights
Investment Insights
Based on property information with market context.
Multiple insulated warehouse condo units are available within a private facility. Each unit is outfitted with A/C and heating, a 14' roll-up power door, and electrical service including a 50 AMP plug and a 100 AMP panel, with multiple 110 plugs throughout. Units also include the option to add office space and additional storage to suit specific uses.
The facility provides onsite amenities including restrooms, a clubhouse, and utility access such as a water tap and an air hose. Each unit also includes a 50 AMP plug and designated power provisions that can support a range of light industrial and hobby-oriented operations.
With varying unit sizes and multiple available spaces, these warehouse condos are suited for owner-occupants looking for a controlled, amenity-equipped setup, or for investors seeking individual condo-style units within the same private complex.
The facility provides onsite amenities including restrooms, a clubhouse, and utility access such as a water tap and an air hose. Each unit also includes a 50 AMP plug and designated power provisions that can support a range of light industrial and hobby-oriented operations.
With varying unit sizes and multiple available spaces, these warehouse condos are suited for owner-occupants looking for a controlled, amenity-equipped setup, or for investors seeking individual condo-style units within the same private complex.
Key Highlights
- High‑quality, insulated warehouse condo units in a private facility with a clubhouse and restrooms
- Each unit includes A/C & heating and a 14' roll‑up power door
- Electrical hookups include 50 AMP plug, 100 AMP panel, and 110 plugs throughout (space available to add an office and storage)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,866
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$137,320
$137.3K
Cap Rate 7%
$98,086
$98.1K
Cap Rate 9%
$76,289
$76.3K
Market Conditions
NOI Build-Up for 960 SF
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.
Gross rent
$10.7K $11.16/SF
− Vacancy
−$150 −$0.16/SF
EGI
$10.6K $11.00/SF
− OpEx
−$3.7K −$3.85/SF
NOI
$6.9K $7.15/SF
Area
Washington County, UT
Vacancy
1.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$137,320
Cap Rate 7%
$98,086
Cap Rate 9%
$76,289
Alternative Uses
Best Use
Flex RnD
$98.1K
$85.8K – $114.4K
NOI $6,866 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$95.6K
$83.7K – $111.5K
NOI $6,692 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$264.4K
$231.3K – $308.4K
NOI $18,505 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84780, UT
28,025
Population
12,922
Households
2.2
Avg Household Size
36
Median Age
35%
College-Educated
94%
High-School Grad
61.8 sq mi
ZIP Area
453
Density / Sq Mi
$94,103
Median Household Income
$42,098
Median Earnings
$1,581
Median Rent
$511,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - High-quality insulated warehouse condos with roll-up power doors, A/C & heating, and multiple electrical hookups in a private facility.
Where is this flex space located?
The property is located at 24 E Industrial Rd Washington, UT.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: High‑quality, insulated warehouse condo units in a private facility with a clubhouse and restrooms; Each unit includes A/C & heating and a 14' roll‑up power door; Electrical hookups include 50 AMP plug, 100 AMP panel, and 110 plugs throughout (space available to add an office and storage)
