Flex Space with Grade Level
For Sale
$690,000
1350 W 200 S, Lindon, UT 84042
Flex space with a finished loft, epoxy floors, and central heat/air conditioning plus fiber internet.
Property Size2,400 SF
Price / SF$287.50
Days on Market32
Property Features for 1350 W 200 S
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
1,650 SF
Drive-In Doors
1
Additional Details
Asking Price
$690,000
Amenities
Finished loft
Bathroom
Central Heat / Air Conditioning
Golf Simulator
Fiber High Speed Internet
Security System
Epoxy Floors
Large Storage Closet
Listing Agency:
Pleasant Grove
(801) 702-4695
Listed By:
Brandon Huntsman · License #5491995-AB00
(801) 702-4695
Source:
Colliers
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 28 at 6:51AM
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 Pleasant Grove
Investment Insights
Based on property information with market context.
This flex space includes a warehouse area sized 30' x 55' and a 10' x 12' grade level door. Interior features include a finished loft, a bathroom, and a large storage closet. The space is equipped with central heat/air conditioning and has epoxy floors.
Additional in-unit amenities include a golf simulator, fiber high speed internet, and a security system. The available space is listed as 2,400 SF.
Located at 1350 W 200 S in Lindon, UT 84042, the property offers a straightforward flex setup for users looking for warehouse space combined with finished interior improvements.
Additional in-unit amenities include a golf simulator, fiber high speed internet, and a security system. The available space is listed as 2,400 SF.
Located at 1350 W 200 S in Lindon, UT 84042, the property offers a straightforward flex setup for users looking for warehouse space combined with finished interior improvements.
Key Highlights
- 10' x 12' grade level door
- Warehouse size 30' x 55'
- Available 2,400 SF
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
$23,207
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
3.36%
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%
$464,140
$464.1K
Cap Rate 7%
$331,529
$331.5K
Cap Rate 9%
$257,856
$257.9K
Market Conditions
NOI Build-Up for 2,400 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
$28.8K $12.00/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$27.3K $11.38/SF
− OpEx
−$4.1K −$1.71/SF
NOI
$23.2K $9.67/SF
Area
Utah County, UT
Vacancy
5.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
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%
$464,140
Cap Rate 7%
$331,529
Cap Rate 9%
$257,856
Alternative Uses
Best Use
Warehouse
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 3.36%
Second Best
Industrial
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84042, UT
11,330
Population
3,349
Households
3.4
Avg Household Size
31
Median Age
46%
College-Educated
97%
High-School Grad
7.9 sq mi
ZIP Area
1,434
Density / Sq Mi
$104,840
Median Household Income
$38,772
Median Earnings
$1,502
Median Rent
$639,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 53 Catering — 555 S Geneva Rd, Lindon, UT 84042
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with a finished loft, epoxy floors, and central heat/air conditioning plus fiber internet.
Where is this flex space located?
The property is located at 1350 W 200 S Lindon, UT.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 10' x 12' grade level door; Warehouse size 30' x 55'; Available 2,400 SF
