Building Details

Year Built 1939

Stories 2

Listing Agency: KW Utah Realtors Keller Williams (Brickyard)

Listed By: Tyler Tolbert Show Phone

Source: Redsign

Added: Jul 21 Changed: Oct 7 Last Checked: Oct 11 at 1:02PM

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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 KW Utah Realtors Keller Williams (Brickyard)

Investment Insights

Based on property information with market context.

This commercial flex property offers 3,741 square feet arranged across a main level and an upper level used for storage. Recent improvements include a new roof and additional updates. The building is intended for commercial use only and is not a residential dwelling.

Positioned along 12600 S in Riverton, the property includes onsite parking and may support a drive-through configuration. The existing layout is identified as suitable for café concepts, retail, studio, office, wellness, and specialty business uses. Constructed in 1939, the property is available for occupancy now.

Key Highlights

• 3,741‑square‑foot flex property in Riverton
• Main level plus upper‑level storage area
• New roof and other recent updates

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,735

Cap Rate

6.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,174,700 $1.2M

Cap Rate 7%

$839,071 $839.1K

Cap Rate 9%

$652,611 $652.6K

Market Conditions

NOI Build-Up for 3,741 SF

Gross rent

$95.6K $25.56/SF

− Vacancy

−$5.3K −$1.41/SF

EGI

$90.4K $24.15/SF

− OpEx

−$31.6K −$8.45/SF

NOI

$58.7K $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 Rate 5%

$1,174,700

Cap Rate 7%

$839,071

Cap Rate 9%

$652,611

Alternative Uses

Best Use

Flex RnD

$839.1K

$734.2K – $978.9K (±1% cap)

NOI $58,735 @ 7.0% cap · market cap 6.19%

Second Best

Retail

$800.4K

$700.4K – $933.8K (±1% cap)

NOI $56,029 @ 7.0% cap · market cap 5.90%

Theoretical Best

Multifamily LT 5

$49.81M

$43.59M – $58.11M (±1% cap)

NOI $3,486,896 @ 7.0% cap · market cap 367.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Big Box & Wholesale Store HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

661

Businesses Nearby

Under-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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial property with upper-level storage, onsite parking, and potential for a drive-through configuration.

Where is this flex space located?

The property is located at 1604 W 12600 S Riverton, UT.

What is the asking price?

The asking price for this property is $949,000.

What are key features of this property?

This property features: 3,741‑square‑foot flex property in Riverton; Main level plus upper‑level storage area; New roof and other recent updates