Subdivided Flex and
1456 S Hillcrest Dr Washington, UT 84780
For Sale
Contact for pricing
Subdivided building with office and warehouse space, including fenced and gated yard on a 0.43-acre site.
Property Size4,930 SF
Lot Size0.43 Acres
Price / SF$262.68
Days on Market182
Property Features for 1456 S Hillcrest Dr
General Information
Standard status
Active
Size
4,930 SF
Lot size
0.43 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Mountain West - Corporate
(435) 256-8774
Listed By:
Troy Scheel · License #UT 293472-SA00
(435) 256-8774
Source:
Moodyscre
Added: Jan 28
Changed: Jul 26
Last Checked: Jul 28 at 1:04PM
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 Mountain West - Corporate
Investment Insights
Based on property information with market context.
This for-sale flex and warehouse property totals 4,930 SF and is already subdivided into two separate units. The layout includes 1,330 SF of main-level office, 2,270 SF of warehouse space, an additional 665 SF upstairs office, and 665 SF mezzanine area.
The property sits in the White Sage Industrial Park and is described as being in the highly desirable Washington Fields area. The site includes a fenced and gated yard, providing controlled outdoor storage or staging space for occupants.
With its mix of office and warehouse areas and separate unit configuration, the building is positioned to support both owner-user and investor use cases.
The property sits in the White Sage Industrial Park and is described as being in the highly desirable Washington Fields area. The site includes a fenced and gated yard, providing controlled outdoor storage or staging space for occupants.
With its mix of office and warehouse areas and separate unit configuration, the building is positioned to support both owner-user and investor use cases.
Key Highlights
- 4,930 SF total building with office and warehouse space
- 1,330 SF main‑level office plus 665 SF upstairs office
- 2,270 SF warehouse area with 665 SF mezzanine
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.8k | $14.76 |
| − Vacancy | −$2.4k | −$0.49 |
| EGI | $70.4k | $14.27 |
| − OpEx | −$17.6k | −$3.57 |
| NOI | $52.8k | $10.70 |
4,930 SF · lease $14.76/SF/yr · vacancy 3.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$753.9K
$659.7K – $879.6K
NOI $52,774 @ 7.0% cap · market cap 4.08%
Second Best
Warehouse
$596.1K
$521.6K – $695.5K
NOI $41,727 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $95,031 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Subdivided building with office and warehouse space, including fenced and gated yard on a 0.43-acre site.
Where is this flex space located?
The property is located at 1456 S Hillcrest Dr Washington, UT.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 4,930 SF total building with office and warehouse space; 1,330 SF main‑level office plus 665 SF upstairs office; 2,270 SF warehouse area with 665 SF mezzanine
