Remodeled Flex Space with Vehicle
For Sale
$1,100,000
150 S State St, La Verkin, UT 84745
Commercial Sale, La Verkin, UT
Property Size4,212 SF
Lot Size0.41 Acres
Price / SF$261.16
Days on Market145
Property Features for 150 S State St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Directions
Right on the main road in La Verkin, Utah
Subdivision
Hurricane Valley
Standard status
Active
APN
LV-87-A-1-A-2-C-2
Size
4,212 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
2071
Amenities
security camera system
private patio
dedicated signpost
Building Details
Year built
1991
Floors in Building
1
Listing Agency:
WHITE CROW REAL ESTATE
(435) 229-2522
Listed By:
SYNDI Rae BLACKMORE
(435) 574-8169
Added: May 22
Changed: Oct 2
Last Checked: Oct 13 at 2:06AM
MLS# 26-272768
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,212-square-foot flex property on 0.41 acres combines a remodeled retail showroom with warehouse storage, a professional office, and an on-site bathroom. The showroom includes lighted cabinets, hardwood flooring, solid wood cabinetry, and access to a private patio. Security cameras serve the building, while four garage doors provide entry to three drive-in bays. Ceiling heights include one 14-foot bay and two additional bays with 10-foot clearances.
Positioned at 150 S State St in La Verkin, the property fronts a state highway and includes a dedicated signpost. Multi-use zoning supports a range of commercial applications identified for the site, including automotive, light manufacturing, contracting, retail distribution, and flex-space conversion. Built in 1991, the property offers a combination of customer-facing improvements, vehicle access, and operational space.
Positioned at 150 S State St in La Verkin, the property fronts a state highway and includes a dedicated signpost. Multi-use zoning supports a range of commercial applications identified for the site, including automotive, light manufacturing, contracting, retail distribution, and flex-space conversion. Built in 1991, the property offers a combination of customer-facing improvements, vehicle access, and operational space.
Key Highlights
- 4,212‑square‑foot building on 0.41 acres
- Three drive‑in bays accessed through four garage doors
- One bay with 14‑foot clearance; two additional bays with 10‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,904
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,080
$1.0M
Cap Rate 7%
$741,486
$741.5K
Cap Rate 9%
$576,711
$576.7K
Market Conditions
NOI Build-Up for 4,212 SF
Gross rent
$75.8K $18.00/SF
− Vacancy
−$1.7K −$0.40/SF
EGI
$74.1K $17.60/SF
− OpEx
−$22.2K −$5.28/SF
NOI
$51.9K $12.32/SF
Area
Washington County, UT
Vacancy
2.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,080
Cap Rate 7%
$741,486
Cap Rate 9%
$576,711
Alternative Uses
Best Use
Retail
$741.5K
$648.8K – $865.1K
NOI $51,904 @ 7.0% cap · market cap 4.72%
Second Best
Warehouse
$509.3K
$445.6K – $594.2K
NOI $35,650 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,191 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84745, UT
4,347
Population
1,507
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
869
Density / Sq Mi
$63,061
Median Household Income
$31,171
Median Earnings
$1,316
Median Rent
$366,500
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with showroom, warehouse, office, bathroom, and multi-use zoning along a state highway.
Where is this flex space located?
The property is located at 150 S State St La Verkin, UT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,212‑square‑foot building on 0.41 acres; Three drive‑in bays accessed through four garage doors; One bay with 14‑foot clearance; two additional bays with 10‑foot ceilings
