Updated Flex Space with
For Sale
$949,000
1604 W 12600 S, Riverton, UT 84065
Commercial property with upper-level storage, onsite parking, and potential for a drive-through configuration.
Property Size3,741 SF
Price / SF$253.68
Days on Market40
Property Features for 1604 W 12600 S
General Information
Standard status
Active
Size
3,741 SF
Amenities
onsite parking
Building Details
Year Built
1939
Stories
2
Listing Agency:
KW Utah Realtors Keller Williams (Brickyard)
(801) 326-8800
Listed By:
Tyler Tolbert
Source:
Chancehammock
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 25 at 4:15AM
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.
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 = 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
$58,735
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
6.19%
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%
$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
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
$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 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%
$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
NOI $58,735 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$800.4K
$700.4K – $933.8K
NOI $56,029 @ 7.0% cap · market cap 5.90%
Theoretical Best
Multifamily LT 5
$49.81M
$43.59M – $58.11M
NOI $3,486,896 @ 7.0% cap · market cap 367.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
