Flex Building with Secure
For Sale
$2,499,000
1621 N Beck St, Salt Lake City, UT 84116
Office, display, workshop, and storage areas share a commercial building with controlled outdoor space.
Property Size9,000 SF
Lot Size0.50 Acres
Price / SF$277.67
Days on Market289
Property Features for 1621 N Beck St
General Information
Standard status
Active
Size
9,000 SF
Total Parking Spaces
12
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
Commercial, Industrial
Site & Location
Neighborhood
Rose Park
Traffic Count
23,770 vehicles/day
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Mixed-Use Components
office, retail, industrial, warehouse
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
3,421 SF
Office Build-Out
820 SF
Taxes and HOA fees
Annual Taxes
$9,353
Amenities
secure yard space
updated smart lighting
smart locks
security system
insulated garage doors
walk-in safe
Alarm: Security
Floor Drains
Comm. Wiring
Mezzanine: Office
Mezzanine: Retail
Video Camera(s)
Smart Thermostat(s)
Covered Parking
Paved Parking
Storage
Building Details
Year Built
1952
Buildings
1
Building Size
9,000 SF
Construction
Block
Listing Agency:
Etzel Realty, LLC
Listed By:
Frankie Sacco · License #5476963
(435) 637-6777
Source:
Etzelonline
Added: Jan 8
Changed: Oct 23
Last Checked: Oct 23 at 3:46PM
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 Etzel Realty, LLC
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Investment Insights
Based on property information with market context.
This 9,000-square-foot flex property on a 0.50-acre lot includes 820 square feet of office area, 2,551 square feet of showroom, 2,208 square feet of shop space, and approximately 3,421 square feet of warehouse. Four 10-by-10-foot doors serve the warehouse, showroom, shop, and yard access. The building has a 12-foot clear height, 12 parking spaces, and a secured yard. Office areas are heated with mini-split systems; the property also has smart lighting, smart locks, and a security system with people and vehicle tracking and counting capability.
Located on Beck Street in Salt Lake City, the property is near Salt Lake Central Station and has access to I-15 via multiple exits. UDOT’s website lists traffic at 23,770 vehicles per day. The building dates to 1952; the roof was replaced around 2020, flashing was completed in 2022, and the exterior was painted around 2023. Front pavement was installed in 2023, and the hot water heater was replaced in 2024.
Located on Beck Street in Salt Lake City, the property is near Salt Lake Central Station and has access to I-15 via multiple exits. UDOT’s website lists traffic at 23,770 vehicles per day. The building dates to 1952; the roof was replaced around 2020, flashing was completed in 2022, and the exterior was painted around 2023. Front pavement was installed in 2023, and the hot water heater was replaced in 2024.
Key Highlights
- 9,000 SF building on 0.50 acres
- Office (820 Sq Ft), showroom (2551 Sq Ft), shop (2208 Sq Ft), and approx. 3421 SF of warehouse
- Four 10x10 doors; 12' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,474
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,689,480
$2.7M
Cap Rate 7%
$1,921,057
$1.9M
Cap Rate 9%
$1,494,156
$1.5M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$197.6K $21.96/SF
− Vacancy
−$5.5K −$0.61/SF
EGI
$192.1K $21.35/SF
− OpEx
−$57.6K −$6.40/SF
NOI
$134.5K $14.94/SF
Area
Salt Lake City, UT
Vacancy
2.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,689,480
Cap Rate 7%
$1,921,057
Cap Rate 9%
$1,494,156
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,474 @ 7.0% cap · market cap 5.38%
Second Best
Flex RnD
$1.41M
$1.24M – $1.65M
NOI $98,982 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,731 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12 ft
Clear height
23,770 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 84116, UT
35,327
Population
14,487
Households
2.4
Avg Household Size
31
Median Age
24%
College-Educated
82%
High-School Grad
50.3 sq mi
ZIP Area
702
Density / Sq Mi
$69,604
Median Household Income
$38,492
Median Earnings
$1,280
Median Rent
$334,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Flex space - Office, display, workshop, and storage areas share a commercial building with controlled outdoor space.
Where is this flex space located?
The property is located at 1621 N Beck St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 9,000 SF building on 0.50 acres; Office (820 Sq Ft), showroom (2551 Sq Ft), shop (2208 Sq Ft), and approx. 3421 SF of warehouse; Four 10x10 doors; 12' clear height
