Warehouse and Showroom Office
2-215 N Redwood Rd North Salt Lake, UT 84054
For Sale
$790,000
Single unit in South Building with warehouse, showroom/office, and storefront glass along Redwood Road.
Property Size4,426 SF
Price / SF$178.49
Days on Market267
Property Features for 2-215 N Redwood Rd
General Information
Standard status
Active
Size
4,426 SF
Listing Agency:
Knight Real Estate Advisors
(801) 913-4990
Listed By:
Stew R Knight · License #5472670-PB00
(801) 913-4990
Source:
Exprealty
Added: Nov 4, 2025
Changed: Jul 27
Last Checked: Jul 27 at 9:57PM
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 Knight Real Estate Advisors
Investment Insights
Based on property information with market context.
South Building, Unit 2 offers a combined warehouse and showroom/office configuration totaling 4,426 square feet, with 1,505 square feet of warehouse space and a 1,416 square foot showroom/office area on the second level. The unit features 16' clear height, with 3-phase 100A 120/208v electrical service. A storefront glass front adds street-facing presence for customer-oriented use.
The property is positioned for strong visibility on Redwood Road, with 11,000 AADT (2023) reported for the corridor. It is approximately 1 mile from I-215 and about 3 miles from I-15, supporting regional access.
This is a practical layout for businesses that need both warehousing and customer-facing showroom/office space within the same unit.
The property is positioned for strong visibility on Redwood Road, with 11,000 AADT (2023) reported for the corridor. It is approximately 1 mile from I-215 and about 3 miles from I-15, supporting regional access.
This is a practical layout for businesses that need both warehousing and customer-facing showroom/office space within the same unit.
Key Highlights
- South Building, Unit 2 with 4,426 SF total available: 1,505 SF warehouse and 1,416 SF showroom/office
- 16' clear height in the warehouse
- 3‑phase 100A 120/208V electric service
Financial Insights For Flex RnD
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 | $97.2k | $21.96 |
| − Vacancy | −$5.5k | −$1.25 |
| EGI | $91.7k | $20.71 |
| − OpEx | −$32.1k | −$7.25 |
| NOI | $59.6k | $13.46 |
4,426 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$851.1K
$744.7K – $992.9K
NOI $59,576 @ 7.0% cap · market cap 7.54%
Second Best
Office B
$768.8K
$672.7K – $896.9K
NOI $53,813 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.02M
$894.4K – $1.19M
NOI $71,555 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Benji’s — 55 N Redwood Rd, Salt Lake City, UT 84116
Frequently Asked Questions
What type of property is this?
Flex space - Single unit in South Building with warehouse, showroom/office, and storefront glass along Redwood Road.
Where is this flex space located?
The property is located at 2-215 N Redwood Rd North Salt Lake, UT.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: South Building, Unit 2 with 4,426 SF total available: 1,505 SF warehouse and 1,416 SF showroom/office; 16' clear height in the warehouse; 3‑phase 100A 120/208V electric service
