Building Details

Year Built 2010

Building Size 27,332 SF

Construction metal and EIFS

Listing Agency: KW Utah Realtors Keller Williams (Brickyard)

Listed By: Shad Selmos · License #9241614SA00 Show Phone

Source: Chancehammock

Added: Jul 20 Changed: Oct 5 Last Checked: Oct 12 at 9:40PM

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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.

Built in 2010, this 27,332 SF flex facility offers a column-free interior, 28-foot clear height, and a configuration suited to warehouse, distribution, light manufacturing, and specialized flex operations. Six oversized grade-level doors measure 14' x 12' each, while the building provides 480V at 400 amps and 208V at 225 amps of three-phase power. Metal-and-EIFS construction supports the facility’s industrial profile.

The property occupies 1.77 acres at 1664 N 400 E in Vineyard, with immediate access to I-15 and freeway visibility. It is also located near the Utah City master-planned development. The combination of open floor area, substantial electrical service, loading access, and a sizable site supports a range of industrial configurations.

Key Highlights

• 27,332 SF industrial flex facility on 1.77 acres
• True free‑span interior with 28‑foot clear height
• Six 14' x 12' grade‑level doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$264,290

Cap Rate

3.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,285,800 $5.3M

Cap Rate 7%

$3,775,571 $3.8M

Cap Rate 9%

$2,936,556 $2.9M

Market Conditions

NOI Build-Up for 27,332 SF

Gross rent

$328.0K $12.00/SF

− Vacancy

−$17.1K −$0.62/SF

EGI

$310.9K $11.38/SF

− OpEx

−$46.6K −$1.71/SF

NOI

$264.3K $9.67/SF

Area

Utah County, UT

Vacancy

5.20%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,285,800

Cap Rate 7%

$3,775,571

Cap Rate 9%

$2,936,556

Alternative Uses

Best Use

Warehouse

$3.78M

$3.30M – $4.40M (±1% cap)

NOI $264,290 @ 7.0% cap · market cap 3.65%

Second Best

Industrial

$3.11M

$2.72M – $3.63M (±1% cap)

NOI $217,650 @ 7.0% cap · market cap 3.00%

Theoretical Best

Office A

$7.53M

$6.59M – $8.79M (±1% cap)

NOI $527,398 @ 7.0% cap · market cap 7.27%

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

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Hair Salon Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

Lease Details

28 ft

Clear height

6

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

334

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 84059, UT

15,567

Population

5,325

Households

2.9

Avg Household Size

25

Median Age

49%

College-Educated

97%

High-School Grad

5.3 sq mi

ZIP Area

2,937

Density / Sq Mi

$101,842

Median Household Income

$41,489

Median Earnings

$1,799

Median Rent

$509,900

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

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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 - Open industrial layout with grade-level access and substantial three-phase electrical capacity.

Where is this flex space located?

The property is located at 1664 N 400 E Vineyard, UT.

What is the asking price?

The asking price for this property is $7,250,000.

What are key features of this property?

This property features: 27,332 SF industrial flex facility on 1.77 acres; True free‑span interior with 28‑foot clear height; Six 14' x 12' grade‑level doors