Single-Tenant Government-Leased
For Sale
$4,950,000
176 DL Sargent Dr, Cedar City, UT 84721
Single-story office building leased to the Bureau of Land Management under a long-term firm term.
Property Size18,026 SF
Price / SF$274.60
Days on Market8
Property Features for 176 DL Sargent Dr
General Information
Standard status
Active
Size
18,026 SF
Property subtype
Single-Tenant Office
Additional Details
Cap Rate
6.91%
Amenities
• Single Credit Tenants – United States Government Lease – U.S. Bureau of Land Management (BLM)
• 2nd generation lease with 12 years firm term remaining
• Attractive 6.91% weighted average CAP Rate
Building Details
Building Size
18,026 SF
Year Built
1975
Stories
1
Tenancy
Single
Listing Agency:
Marcus & Millichap | Denver
(303) 328-2000
Listed By:
Adam Lewis · License #License(s) UT: 6250302-PB00
(303) 328-2000
Source:
Marcusmillichap
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 3:04AM
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 Marcus & Millichap | Denver
Investment Insights
Based on property information with market context.
This single-story office building contains 18,026 square feet and is currently leased to the Bureau of Land Management under a long-term 20-year firm-term lease that commenced on 02/01/2017. The lease includes rent increases in 2030 and 3034.
The property is located at 176 DL Sargent Dr in Cedar City, UT. It is described as serving as an essential base for BLM’s administrative and field operations in the area.
The offering is presented as a single credit-tenant, government-leased office building.
The property is located at 176 DL Sargent Dr in Cedar City, UT. It is described as serving as an essential base for BLM’s administrative and field operations in the area.
The offering is presented as a single credit-tenant, government-leased office building.
Key Highlights
- Single‑story office building built in 1975 with 18,026 SF
- Government‑leased, single credit‑tenant office building to the Bureau of Land Management under a 20‑year firm‑term lease
- Lease commenced 02/01/2017 with rent increases scheduled in 2030 and 3034
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.6k | $14.40 |
| − Vacancy | −$14.3k | −$0.79 |
| EGI | $245.3k | $13.61 |
| − OpEx | −$61.3k | −$3.40 |
| NOI | $184.0k | $10.21 |
18,026 SF · lease $14.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $183,973 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.30M
NOI $257,702 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building leased to the Bureau of Land Management under a long-term firm term.
Where is this office building located?
The property is located at 176 DL Sargent Dr Cedar City, UT.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Single‑story office building built in 1975 with 18,026 SF; Government‑leased, single credit‑tenant office building to the Bureau of Land Management under a 20‑year firm‑term lease; Lease commenced 02/01/2017 with rent increases scheduled in 2030 and 3034
