Building Details

Year built 1962

Floors in Building 4

Listing Agency: Coldwell Banker Comm Adv Show Phone

Listed By: Daniel S Roberts Show Phone

Added: Jul 23, 2025 Changed: Oct 2 Last Checked: Oct 25 at 2:06PM

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MLS# 25-263430

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.

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Investment Insights

Based on property information with market context.

This four-level office property contains 24,000 square feet within a commercial building constructed in 1962. The site encompasses 1.24 acres, providing additional land alongside the existing improvements. Its multi-level configuration offers substantial interior scale for office-oriented occupancy and other commercial applications consistent with the property classification.

The property is located at 174 W 200 N in Cedar City, Utah, on a busy commercial street. The site is near downtown Cedar City, Southern Utah University, and major routes, providing convenient access to established community destinations and regional travel connections. The address is within ZIP code 84721 in Iron County.

Key Highlights

• 24,000‑square‑foot office building
• Four‑level commercial building
• 1.24‑acre site with additional land

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$244,944

Cap Rate

6.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,898,880 $4.9M

Cap Rate 7%

$3,499,200 $3.5M

Cap Rate 9%

$2,721,600 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,000 SF

Gross rent

$345.6K $14.40/SF

− Vacancy

−$19.0K −$0.79/SF

EGI

$326.6K $13.61/SF

− OpEx

−$81.6K −$3.40/SF

NOI

$244.9K $10.21/SF

Area

Iron County, UT

Vacancy

5.50%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,898,880

Cap Rate 7%

$3,499,200

Cap Rate 9%

$2,721,600

Alternative Uses

Best Use

Office B

$3.50M

$3.06M – $4.08M (±1% cap)

NOI $244,944 @ 7.0% cap · market cap 6.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.90M

$4.29M – $5.72M (±1% cap)

NOI $343,107 @ 7.0% cap · market cap 9.53%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Rocky Mountain Furniture Furniture & Home Goods

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Furniture & Home Goods Wine and Liquor Store Tanning Salon Catering Service

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,350

Businesses Nearby

Explore this area Business Placement

Demographics for 84721, UT

27,329

Population

9,638

Households

2.8

Avg Household Size

29

Median Age

29%

College-Educated

92%

High-School Grad

186.9 sq mi

ZIP Area

146

Density / Sq Mi

$73,342

Median Household Income

$30,662

Median Earnings

$1,076

Median Rent

$345,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Versatile commercial property with substantial building scale and additional land for future planning.

Where is this office building located?

The property is located at 174 W 200 N Cedar City, UT.

What is the asking price?

The asking price for this property is $3,600,000.

What are key features of this property?

This property features: 24,000‑square‑foot office building; Four‑level commercial building; 1.24‑acre site with additional land