New Industrial Units Available
For Sale
$1,100,000
2-780 N Old Highway 91, Hurricane, UT 84737
New industrial units for sale in Hurricane industrial corridor.
Property Size10,000 SF
Lot Size0.62 Acres
Price / SF$110
Days on Market122
Property Features for 2-780 N Old Highway 91
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.62 Acres
Listing Agency:
KW Ascend Keller Williams Realty
(435) 900-2469
Listed By:
Lindsay Talbert
(435) 900-2469
Source:
Exprealty
Added: Apr 26
Changed: Aug 20
Last Checked: Aug 24 at 11:24AM
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 KW Ascend Keller Williams Realty
Investment Insights
Based on property information with market context.
Unit #2 is available to be built within the Silverwood Industrial Park, which will offer 20 new industrial units for lease or sale along Old Highway 91 in the Hurricane industrial corridor. The location is in one of the most active distribution and logistics zones in Southern Utah. Units are available in 5,000 SF and 10,000 SF configurations on lots ranging from 0.37 to 0.62+ acres, with M-1 zoning suited to a wide range of industrial users. Select units have I-15 frontage, offering visibility and advertising advantages. Each unit is fully climate-controlled and includes a mezzanine level for additional storage or conversion into a second office or conference space. Buyers can add a loading dock at an additional cost. Each unit features 1-3 phase power, two bathrooms, a 24' 12' private office, insulated overhead doors, and a fully landscaped and fenced yard. There are no CAM fees. Construction is underway in 2026 with immediate I-15 and SR-9 access. Neighboring tenants include Walmart Distribution, FedEx Ground, and Orgill. Units are first-come, first-served.
Key Highlights
- Brand new industrial units in Hurricane, Southern Utah, offering immediate I‑15 and SR‑9 access.
- M‑1 zoning suitable for a wide range of industrial uses.
- Fully climate‑controlled units with mezzanine level for storage or office space.
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
$71,524
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
6.50%
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%
$1,430,480
$1.4M
Cap Rate 7%
$1,021,771
$1.0M
Cap Rate 9%
$794,711
$794.7K
Market Conditions
NOI Build-Up for 10,000 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
$111.6K $11.16/SF
− Vacancy
−$1.6K −$0.16/SF
EGI
$110.0K $11.00/SF
− OpEx
−$38.5K −$3.85/SF
NOI
$71.5K $7.15/SF
Area
Washington County, UT
Vacancy
1.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
35.00%
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%
$1,430,480
Cap Rate 7%
$1,021,771
Cap Rate 9%
$794,711
Alternative Uses
Best Use
Flex RnD
$1.02M
$894.1K – $1.19M
NOI $71,524 @ 7.0% cap · market cap 6.50%
Second Best
Industrial
$995.8K
$871.3K – $1.16M
NOI $69,703 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,761 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84737, UT
21,212
Population
9,320
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
95%
High-School Grad
250.1 sq mi
ZIP Area
85
Density / Sq Mi
$70,417
Median Household Income
$31,315
Median Earnings
$1,239
Median Rent
$420,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New industrial units for sale in Hurricane industrial corridor.
Where is this flex space located?
The property is located at 2-780 N Old Highway 91 Hurricane, UT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Brand new industrial units in Hurricane, Southern Utah, offering immediate I‑15 and SR‑9 access.; M‑1 zoning suitable for a wide range of industrial uses.; Fully climate‑controlled units with mezzanine level for storage or office space.
