Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1398 L Ave Tooele, UT 84074

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    90,000 SF warehouse with rail access and large lot.

    Type:Industrial
    Property size:
    90,000 SF
    Lot size:
    4.97 Acres
    Added:
    Apr 25, 2024
    Days on Market:
    725
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1398 L Ave

    General Information

    Standard status
    Active
    Size
    90,000 SF
    Lot size
    4.97 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Josh Wangsgard

    Listing agent Josh Wangsgard License #UT 9217422-PB00

    Listing office Cushman & Wakefield - Salt Lake City, Utah

    Listing date Apr 25, 2024

    Source Crexi

    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 Cushman & Wakefield - Salt Lake City, Utah

    Overview

    Tooele Warehouse with Rail Access

    This 90,000 square foot warehouse, divisible to 45,000 square feet, features rail service and is situated on a 4.97-acre lot. The property is located 20 minutes from Salt Lake International Airport, offering convenient access to I-80, a major east-west distribution corridor. It also provides shorter travel times to and from southern Utah via SR-36, saving over 45 minutes compared to I-15. The warehouse is near the Tooele Army Depot, Lakeview Business Park, and Utah Motorsports Campus. It includes dry fire suppression and LED lighting. Loading is facilitated by 22 drive-in doors, sized at 12’x12’ and 12’x14’. The clear height ranges from 12 to 16 feet. Power is supplied by a 300 amp, 3-phase, 120-208 volt system. The zoning is M-1, and there are 146 parking stalls. New unit heaters are installed.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Grand Storage — 77 N 1100 W, Tooele, UT 84074
    • Tooele Self Storage — 11 N 1100 W, Tooele, UT 84074

    Location Insight

    • Map
    • Local Demand
    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.353
    Latitude
    40.5393

    Nearby Similar for Sale

    • $300,000

      Historic Downtown Tooele Properties

      Three parcels available in historic downtown Tooele.
      84 S MAIN, Tooele, UT 84074
      View Details
    • Contact for pricing
      7,064 SF

      Tooele Retail and Medical Spaces

      Retail and medical spaces available next to Walmart Supercenter.
      134 W 1180 N , Tooele, UT
      View Details
    • Contact for pricing
      2,000 SF

      Retail Property on 0.69 Acres

      Retail property featuring a 2,000 SF building, built in 2025.
      46 E 600 N, Tooele, UT
      View Details
    • Contact for pricing
      11,500 SF

      Tooele Warehouse with Fenced Yard

      11,500 SF warehouse with fenced yard near I-80.
      310 E 2000 N, Tooele, UT
      View Details
    • Contact for pricing
      90,000 SF

      Tooele Warehouse with Active Rail

      90,000 SF warehouse space with active rail access.
      1398 L Ave, Tooele, UT
      View Details
    • $12,500,000
      83,000 SF

      Tooele Office/Warehouse Buildings on Acreage

      83,000 SF office/warehouse buildings on 54.21 acres in Tooele.
      1188 W Utah Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      40,000 SF

      Tooele Warehouse with Office Space

      40,000 SF warehouse with office and high power capacity.
      1188 W Utah Ave, Tooele, UT
      View Details
    • Contact for pricing
      1,284,640 SF

      Master-Planned Industrial Development For Sale

      26-building industrial development with over 9.5M total square feet.
      1830 UT-112, Tooele, UT
      View Details
    • Contact for pricing
      1,118,040 SF

      Master-Planned Industrial Development For Sale

      Large industrial development with highway access and potential rail service.
      1830 UT-112, Tooele, UT
      View Details
    • $2,400,000
      12,000 SF

      Tooele Warehouse with Large Lot

      12,000 SF warehouse on 2.11 acres for sale.
      952 N 1000 W, Tooele, UT 84074
      View Details
    • Contact for pricing
      1,125,600 SF

      Large Industrial Development Opportunity

      Master-planned industrial development with over 9.5M total square feet.
      1830 UT-112, Tooele, UT
      View Details
    • Contact for pricing
      912,800 SF

      Large Industrial Development Opportunity

      Master-planned industrial development with over 9.5M total square feet.
      1830 UT-112, Tooele, UT
      View Details

    FAQs

    What type of property is this?
    Warehouse - 90,000 SF warehouse with rail access and large lot.
    Where is this warehouse located?
    The property is located at 1398 L Ave Tooele, UT.
    What are key features of this property?
    This property features: 90,000 SF warehouse (demisable to 45,000 SF); Rail served with 1 Acre IOS; Easy access to I‑80
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Josh Wangsgard
    Real Estate License ID: UT 9217422-PB00
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!