Industrial Flex Building with Core &
138 N Country Way, Washington, UT 84780
For Sale
$5,640,000
Core-and-shell industrial flex space with high clear heights, insulated metal panel envelope, and flexibility to demising into two units.
Property Size24,000 SF
Price / SF$235
Days on Market147
Property Features for 138 N Country Way
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Equity Real Estate (Results)
Listed By:
Daniel Richey
(801) 358-9865
Source:
Buysalty
Added: Jun 16
Changed: Oct 25
Last Checked: Oct 7 at 4:37PM
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 (Results)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This institutional-quality industrial flex building is offered as core & shell and designed for tenant or buyer customization. The project includes three buildings totaling 68,000 SF, with Building #36 (24,000 SF) currently under construction and anticipated completion in August 2026. The exterior envelope is constructed with insulated metal panels (IMP) to support thermal performance and help maintain interior comfort and energy efficiency. The layout is configured for industrial and flex users, with high clear heights and the ability to demis into two 12,000 SF units. Each unit can be set up with separate utilities, HVAC systems, and entrances. The facility is also structured for site utility and operations flexibility, as each of the three buildings can be individually fenced to create a yard area specific to that building.
The property is located within Sunrise Valley Industrial Park in Washington County. It is being positioned to deliver modern, high-quality industrial space as part of a growing industrial development. Access and configuration are intended to support both single-tenant occupancy and split-use scenarios through the planned demising options.
For tenants, the combination of core & shell delivery and demising capability supports build-to-suit interior improvement planning, including potential office, kitchen, and restroom upgrades incorporated into lease terms. For owner-users or investors, the option to occupy part of the building while leasing the remainder is built into the unit design, with separate entrances, utilities, and HVAC systems to support independent operations.
The property is located within Sunrise Valley Industrial Park in Washington County. It is being positioned to deliver modern, high-quality industrial space as part of a growing industrial development. Access and configuration are intended to support both single-tenant occupancy and split-use scenarios through the planned demising options.
For tenants, the combination of core & shell delivery and demising capability supports build-to-suit interior improvement planning, including potential office, kitchen, and restroom upgrades incorporated into lease terms. For owner-users or investors, the option to occupy part of the building while leasing the remainder is built into the unit design, with separate entrances, utilities, and HVAC systems to support independent operations.
Key Highlights
- Institutional‑quality industrial flex building in Sunrise Valley Industrial Park, offered for sale or lease
- Project includes three buildings totaling 68,000 SF (24,000 SF, 22,000 SF, 22,000 SF); Building #36 (24,000 SF) under construction
- Building #36 completion anticipated in August 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,659
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,433,180
$3.4M
Cap Rate 7%
$2,452,271
$2.5M
Cap Rate 9%
$1,907,322
$1.9M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$267.8K $11.16/SF
− Vacancy
−$3.7K −$0.16/SF
EGI
$264.1K $11.00/SF
− OpEx
−$92.4K −$3.85/SF
NOI
$171.7K $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 Rate 5%
$3,433,180
Cap Rate 7%
$2,452,271
Cap Rate 9%
$1,907,322
Alternative Uses
Best Use
Flex RnD
$2.45M
$2.15M – $2.86M
NOI $171,659 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$2.39M
$2.09M – $2.79M
NOI $167,288 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$6.61M
$5.78M – $7.71M
NOI $462,627 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$511,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Washington County, UT
Properties on Market for Flex space in Washington County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Core-and-shell industrial flex space with high clear heights, insulated metal panel envelope, and flexibility to demising into two units.
Where is this flex space located?
The property is located at 138 N Country Way Washington, UT.
What is the asking price?
The asking price for this property is $5,640,000.
What are key features of this property?
This property features: Institutional‑quality industrial flex building in Sunrise Valley Industrial Park, offered for sale or lease; Project includes three buildings totaling 68,000 SF (24,000 SF, 22,000 SF, 22,000 SF); Building #36 (24,000 SF) under construction; Building #36 completion anticipated in August 2026
