Single-Tenant Manufacturing
For Sale
$7,400,000
3301 Deseret Dr, St George, UT 84790
A 43,000-square-foot industrial building occupies a 3.32-acre site in St. George.
Property Size43,000 SF
Lot Size3.32 Acres
Price / SF$172.09
Days on Market813
Property Features for 3301 Deseret Dr
General Information
Standard status
Active
Size
43,000 SF
Lot size
3.32 Acres
Property subtype
Commercial
Zoning
Industrial
Additional Details
Cap Rate
5.5%
Clear Height
20 ft
Tenant in Place
Yes
Property Use
Manufacturing
Taxes and HOA fees
Annual Taxes
$24,618
Building Details
Building Size
43,000 SF
Year Built
1989
Year Renovated
2019
Buildings
1
Tenancy
Single
Listing Agency:
S. HINDI REAL ESTATE INC
Listed By:
Sarah Hindi & Annica Wright
(435) 773-3905
Source:
Hindihometeam
Added: Aug 6, 2024
Changed: Oct 25
Last Checked: Oct 26 at 4:03AM
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 S. HINDI REAL ESTATE INC
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Investment Insights
Based on property information with market context.
This industrial manufacturing property contains 43,000 square feet on a 3.32-acre parcel. Built in 1989 and remodeled in 2019, the single-tenant facility includes warehouse space with approximately 20-foot clear heights and a packaging area with approximately 10-foot clear heights. The property is zoned Industrial.
The existing tenancy extends through September 30, 2030. The reported capitalization rate is 5.5%. The property is located in St. George, Utah.
The existing tenancy extends through September 30, 2030. The reported capitalization rate is 5.5%. The property is located in St. George, Utah.
Key Highlights
- 43,000‑square‑foot, single‑tenant manufacturing facility
- 3.32‑acre site in St. George, Utah
- Approximately 20‑foot warehouse clear height and 10‑foot packaging‑area clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$363,950
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,279,000
$7.3M
Cap Rate 7%
$5,199,286
$5.2M
Cap Rate 9%
$4,043,889
$4.0M
Market Conditions
NOI Build-Up for 43,000 SF
Gross rent
$464.4K $10.80/SF
− Vacancy
−$36.2K −$0.84/SF
EGI
$428.2K $9.96/SF
− OpEx
−$64.2K −$1.49/SF
NOI
$364.0K $8.46/SF
Area
Washington County, UT
Vacancy
7.80%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,279,000
Cap Rate 7%
$5,199,286
Cap Rate 9%
$4,043,889
Alternative Uses
Best Use
Warehouse
$5.20M
$4.55M – $6.07M
NOI $363,950 @ 7.0% cap · market cap 4.92%
Second Best
Industrial
$4.28M
$3.75M – $5.00M
NOI $299,724 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$11.84M
$10.36M – $13.81M
NOI $828,873 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 84790, UT
52,982
Population
20,956
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
96%
High-School Grad
48.3 sq mi
ZIP Area
1,097
Density / Sq Mi
$85,720
Median Household Income
$39,108
Median Earnings
$1,598
Median Rent
$500,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A 43,000-square-foot industrial building occupies a 3.32-acre site in St. George.
Where is this manufacturing property located?
The property is located at 3301 Deseret Dr St George, UT.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: 43,000‑square‑foot, single‑tenant manufacturing facility; 3.32‑acre site in St. George, Utah; Approximately 20‑foot warehouse clear height and 10‑foot packaging‑area clear height
