Flex Space with Fenced
195 W 500 N, La Verkin, UT 84745
For Sale
$1,485,000
Two warehouse suites, a separate garage, and secured outdoor storage combine shop and office functions on one property.
Property Size4,935 SF
Price / SF$300.91
Days on Market95
Property Features for 195 W 500 N
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Utilities to Site
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Three-Phase Power
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
monitored security system
gated entry with camera
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
ERA BROKERS CONSOLIDATED (HURRICANE BRANCH)
(435) 635-4636
Listed By:
APRIL GATES · License #5757451-SA
(435) 632-8869
Source:
Hindihometeam
Added: Aug 7
Changed: Nov 8
Last Checked: Nov 8 at 8:47PM
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 ERA BROKERS CONSOLIDATED (HURRICANE BRANCH)
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Investment Insights
Based on property information with market context.
This flex property brings together 3,886 SF in Suites 6 and 7, a 1,049 SF private garage, and a fenced 0.50-acre yard. The suites include 3,191 SF on the main floor and a 695 SF upper level with separate heating and cooling, storage closets, and a view into the warehouse. Office finishes include wood-look tile, built-in cabinetry, a granite kitchenette, and a full bathroom; the upper level has hardwood flooring. A connector between warehouse areas provides an industrial sink and utility space. The main shop has two grade-level overhead doors, while the garage has one. Clear height is 19 feet, and electrical service includes two 200-amp single-phase services with welder outlets in both shops.
A concrete apron, gravel storage area, trailer turnaround, and automated gated entry serve the yard. Two manual gates provide emergency access. The property is zoned Commercial and was constructed in phases in 2008 and 2017. Utility stubs are in place for an additional water meter and sewer connection; natural gas is available at the site, and irrigation is available to the yard, with these services not currently activated.
A concrete apron, gravel storage area, trailer turnaround, and automated gated entry serve the yard. Two manual gates provide emergency access. The property is zoned Commercial and was constructed in phases in 2008 and 2017. Utility stubs are in place for an additional water meter and sewer connection; natural gas is available at the site, and irrigation is available to the yard, with these services not currently activated.
Key Highlights
- 4,935 SF total, including 3,886 SF in Suites 6 and 7 and a separate 1,049 SF garage
- Fenced 0.50‑acre yard with concrete apron, gravel storage area, and trailer turnaround
- 19' clear height; three grade‑level overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,770
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,400
$835.4K
Cap Rate 7%
$596,714
$596.7K
Cap Rate 9%
$464,111
$464.1K
Market Conditions
NOI Build-Up for 4,935 SF
Gross rent
$53.3K $10.80/SF
− Vacancy
−$4.2K −$0.84/SF
EGI
$49.1K $9.96/SF
− OpEx
−$7.4K −$1.49/SF
NOI
$41.8K $8.46/SF
Area
Washington County, UT
Vacancy
7.80%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,400
Cap Rate 7%
$596,714
Cap Rate 9%
$464,111
Alternative Uses
Best Use
Warehouse
$596.7K
$522.1K – $696.2K
NOI $41,770 @ 7.0% cap · market cap 2.81%
Second Best
Flex RnD
$504.2K
$441.2K – $588.3K
NOI $35,297 @ 7.0% cap · market cap 2.38%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,128 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
19 ft
Clear height
3
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84745, UT
4,347
Population
1,507
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
869
Density / Sq Mi
$63,061
Median Household Income
$31,171
Median Earnings
$1,316
Median Rent
$366,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Washington County, UT
Properties on Market for Flex space in Washington County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Two warehouse suites, a separate garage, and secured outdoor storage combine shop and office functions on one property.
Where is this flex space located?
The property is located at 195 W 500 N La Verkin, UT.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: 4,935 SF total, including 3,886 SF in Suites 6 and 7 and a separate 1,049 SF garage; Fenced 0.50‑acre yard with concrete apron, gravel storage area, and trailer turnaround; 19' clear height; three grade‑level overhead doors
