Warehouse with 3 Ton Bridge
For Sale
Contact for pricing
1874 S Pioneer Rd, Salt Lake City, UT 84104
Warehouse and office with truck/trailer parking, a 3-ton bridge crane, and easy access to I-215 and SR 201.
Property Size68,996 SF
Price / SF$171.02
Days on Market180
Property Features for 1874 S Pioneer Rd
General Information
Standard status
Active
Size
68,996 SF
Property subtype
INDUSTRIAL
Listing Agency:
Novel Commercial Real Estate
(303) 756-6871
Listed By:
Ilya Klein · License #IR.040017010
(303) 968-5515
Source:
Moodyscre
Added: Mar 24
Changed: Sep 8
Last Checked: Sep 18 at 9:52AM
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 Novel Commercial Real Estate
Investment Insights
Based on property information with market context.
This versatile Salt Lake City warehouse property is sized at 68,996 SF and includes 67,091 SF of warehouse space plus 1,905 SF of office. The site totals 5.1 acres and features a 3.6 acre yard, with 2.1 acres on a long-term lease. The facility is equipped with a 3 ton bridge crane and includes truck/trailer parking for logistics operations.
The property is located at 1874 S Pioneer Rd, Salt Lake City, UT 84104, with easy access to I-215 and SR 201, supporting efficient regional distribution and manufacturing workflows.
With the combination of warehouse space, dedicated office, yard area, and heavy lift capability, this property is well suited for tenants seeking a functional industrial footprint that can support distribution, manufacturing, or warehouse use alongside on-site administration.
The property is located at 1874 S Pioneer Rd, Salt Lake City, UT 84104, with easy access to I-215 and SR 201, supporting efficient regional distribution and manufacturing workflows.
With the combination of warehouse space, dedicated office, yard area, and heavy lift capability, this property is well suited for tenants seeking a functional industrial footprint that can support distribution, manufacturing, or warehouse use alongside on-site administration.
Key Highlights
- 68,996 SF total: 67,091 SF warehouse and 1,905 SF office
- 5.1 acres total site with 3.6 acre yard (2.1 acres on long‑term lease)
- 3 ton bridge crane for heavy lift operations
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
$569,517
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
4.83%
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%
$11,390,340
$11.4M
Cap Rate 7%
$8,135,957
$8.1M
Cap Rate 9%
$6,327,967
$6.3M
Market Conditions
NOI Build-Up for 68,996 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
$687.2K $9.96/SF
− Vacancy
−$17.2K −$0.25/SF
EGI
$670.0K $9.71/SF
− OpEx
−$100.5K −$1.46/SF
NOI
$569.5K $8.25/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$11,390,340
Cap Rate 7%
$8,135,957
Cap Rate 9%
$6,327,967
Alternative Uses
Best Use
Warehouse
$8.14M
$7.12M – $9.49M
NOI $569,517 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$6.47M
$5.66M – $7.54M
NOI $452,659 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$18.59M
$16.26M – $21.69M
NOI $1,301,196 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Corporate Storage — 3410 2400 S, West Valley City, UT 84119
- All My Sons Moving & Storage — 2406 S 3270 W, West Valley City, UT 84119
- Intermountain Commercial Storage — 2245 S Technology Pk Wy, West Valley City, UT 84119
- Utah Shrink Wrap Services Company, LLC - Warehouse — 2181 W 2200 S, West Valley City, UT 84119
- Wasatch Transfer Moving & Storage — 2350 W 1700 S D-2, Salt Lake City, UT 84104
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and office with truck/trailer parking, a 3-ton bridge crane, and easy access to I-215 and SR 201.
Where is this warehouse located?
The property is located at 1874 S Pioneer Rd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $11,800,000.
What are key features of this property?
This property features: 68,996 SF total: 67,091 SF warehouse and 1,905 SF office; 5.1 acres total site with 3.6 acre yard (2.1 acres on long‑term lease); 3 ton bridge crane for heavy lift operations
