Industrial Flex
For Sale
Contact for pricing
14894 S Concord Park Dr, Bluffdale, UT 84065
Light Industrial property combines warehouse functionality with split-level office space.
Property Size10,880 SF
Lot Size0.25 Acres
Price / SF$266.54
Days on Market13
Property Features for 14894 S Concord Park Dr
General Information
Standard status
Active
Size
10,880 SF
Class
C
Total Parking Spaces
15
Lot size
0.25 Acres
Property subtype
Office, Industrial, Mixed Use
Zoning
Light Industrial
Investment Type
Owner/User
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Clear Span
Yes
Warehouse Space
8,190 SF
Office Build-Out
2,690 SF
Three-Phase Power
Yes
Building Details
Year Built
2000
Buildings
1
Stories
2
Units
1
Tenancy
Single
Building Size
10,880 SF
Listing Agency:
Newmark Mountain West
(636) 219-5642
Listed By:
Jeffery Sorenson · License #UT 8569408-SA00
Source:
Crexi
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 31 at 8:27PM
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 Newmark Mountain West
Investment Insights
Based on property information with market context.
This Light Industrial flex property contains 10,880 square feet across warehouse and office components. The warehouse occupies 8,190 SF, while the 2,690 SF split-level office area includes a kitchen, open conference area, and large storage closets. Three GL roll-up doors measure 12' x 14', supported by a 39'4" clear span and 20' clear height.
The building has 3-phase electrical service with 225 Amps at 208 V and 200 Amps at 240 V. A .25-acre paved and secured yard provides additional exterior operating area. The improvements include a newly painted exterior and fresh landscaping, with racking available as pictured. Built in 2000, the property is located at 14894 S Concord Park Dr in Bluffdale, Utah.
The building has 3-phase electrical service with 225 Amps at 208 V and 200 Amps at 240 V. A .25-acre paved and secured yard provides additional exterior operating area. The improvements include a newly painted exterior and fresh landscaping, with racking available as pictured. Built in 2000, the property is located at 14894 S Concord Park Dr in Bluffdale, Utah.
Key Highlights
- 10,880 square feet with 8,190 SF of warehouse and 2,690 SF of split‑level office space
- Three GL roll‑up doors, each measuring 12' x 14'
- 20' clear height and 39'4" clear span
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,819
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,416,380
$3.4M
Cap Rate 7%
$2,440,271
$2.4M
Cap Rate 9%
$1,897,989
$1.9M
Market Conditions
NOI Build-Up for 10,880 SF
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.
Gross rent
$278.1K $25.56/SF
− Vacancy
−$15.3K −$1.41/SF
EGI
$262.8K $24.15/SF
− OpEx
−$92.0K −$8.45/SF
NOI
$170.8K $15.70/SF
Area
Salt Lake County, UT
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,416,380
Cap Rate 7%
$2,440,271
Cap Rate 9%
$1,897,989
Alternative Uses
Best Use
Flex RnD
$2.44M
$2.14M – $2.85M
NOI $170,819 @ 7.0% cap · market cap 5.89%
Second Best
Office B
$2.25M
$1.97M – $2.63M
NOI $157,749 @ 7.0% cap · market cap 5.44%
Theoretical Best
Multifamily LT 5
$144.87M
$126.76M – $169.02M
NOI $10,140,985 @ 7.0% cap · market cap 349.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84065, UT
49,295
Population
15,734
Households
3.1
Avg Household Size
31
Median Age
36%
College-Educated
95%
High-School Grad
20.6 sq mi
ZIP Area
2,393
Density / Sq Mi
$122,809
Median Household Income
$57,158
Median Earnings
$1,783
Median Rent
$595,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial property combines warehouse functionality with split-level office space.
Where is this flex space located?
The property is located at 14894 S Concord Park Dr Bluffdale, UT.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 10,880 square feet with 8,190 SF of warehouse and 2,690 SF of split‑level office space; Three GL roll‑up doors, each measuring 12' x 14'; 20' clear height and 39'4" clear span
