Flex Building with Workshop
For Sale
$350,000
523 S Main, Brigham City, UT 84302
Versatile commercial building combining substantial retail space with dedicated workshop areas.
Property Size4,080 SF
Price / SF$85.78
Days on Market28
Property Features for 523 S Main
General Information
Standard status
Active
Size
4,080 SF
Building Details
Year Built
1956
Listing Agency:
Equity Real Estate
Listed By:
Becky Westover · License #8999553
(801) 651-3071
Source:
Chancehammock
Added: Sep 9
Changed: Sep 24
Last Checked: Oct 5 at 11:58PM
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 Equity Real Estate
Investment Insights
Based on property information with market context.
This flex property comprises a 4,080-square-foot commercial building with a combination of retail space and workshop areas. The configuration supports both customer-facing activity and work-oriented operations within the same facility.
Constructed in 1956, the property is located at 523 S Main in Brigham City, Utah 84302.
Constructed in 1956, the property is located at 523 S Main in Brigham City, Utah 84302.
Key Highlights
- 4,080 SF commercial building
- Large retail area paired with workshop space
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,805
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,100
$616.1K
Cap Rate 7%
$440,071
$440.1K
Cap Rate 9%
$342,278
$342.3K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$45.0K $11.04/SF
− Vacancy
−$1.0K −$0.25/SF
EGI
$44.0K $10.79/SF
− OpEx
−$13.2K −$3.24/SF
NOI
$30.8K $7.55/SF
Area
Box Elder County, UT
Vacancy
2.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,100
Cap Rate 7%
$440,071
Cap Rate 9%
$342,278
Alternative Uses
Best Use
Retail
$586.3K
$513.0K – $684.0K
NOI $41,041 @ 7.0% cap · market cap 11.73%
Second Best
Industrial
$440.1K
$385.1K – $513.4K
NOI $30,805 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$1.06M
$927.1K – $1.24M
NOI $74,167 @ 7.0% cap · market cap 21.19%
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
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84302, UT
26,564
Population
9,355
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
79.5 sq mi
ZIP Area
334
Density / Sq Mi
$75,247
Median Household Income
$39,468
Median Earnings
$957
Median Rent
$343,100
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 - Versatile commercial building combining substantial retail space with dedicated workshop areas.
Where is this flex space located?
The property is located at 523 S Main Brigham City, UT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4,080 SF commercial building; Large retail area paired with workshop space; Built in 1956
