Flex Warehouse Units with
2052 W 500 N Springville, UT 84663
For Sale
Contact for pricing
Two flex warehouse units totaling about 10,213 SF offer office space, mezzanines, and a 22-foot clear height.
Property Size10,232 SF
Price / SF$229.67
Days on Market102
Property Features for 2052 W 500 N
General Information
- Standard status
- Active
- Size
- 10,232 SF
- Property subtype
- FLEX_R_AND_D
Listing Agency:
Colliers | Utah County
(801) 702-4687
Listed By:
James Yeates · License #6425066-AB00
Source:
Moodyscre
Added: Apr 16
Changed: Jul 25
Last Checked: Jul 25 at 4:27AM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This property features two flex warehouse units that can be leased separately or combined. Unit A provides 5,102 total SF, including 1,068 SF of office space, a 1,068 SF mezzanine, and 2,966 SF of warehouse area. Unit B offers 5,111 total SF with 1,072 SF of office space, a 1,068 SF mezzanine, and 2,966 SF of warehouse area. The facility includes a 12’ x 14’ GL door and 22’ clear height, along with 3-phase power and 200 amp service.
Convenient access to I-15 is available from the frontage road at 2000 West.
Each unit’s warehouse configuration is supported by associated office and mezzanine areas, creating straightforward space for organizations needing both administrative and operational use within the same facility.
Convenient access to I-15 is available from the frontage road at 2000 West.
Each unit’s warehouse configuration is supported by associated office and mezzanine areas, creating straightforward space for organizations needing both administrative and operational use within the same facility.
Key Highlights
- Two flex warehouse units totaling 10,213 SF available; units may be combined or leased separately
- Each unit includes office space (Unit A 1,068 SF; Unit B 1,072 SF) plus mezzanine space (1,068 SF each)
- Warehouse space includes 2,966 SF per unit and a 22‑ft clear height
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 | $245.6k | $24.00 |
| − Vacancy | −$54.0k | −$5.28 |
| EGI | $191.5k | $18.72 |
| − OpEx | −$47.9k | −$4.68 |
| NOI | $143.7k | $14.04 |
10,232 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.80M – $2.39M
NOI $143,657 @ 7.0% cap · market cap 6.11%
Second Best
Warehouse
$1.41M
$1.24M – $1.65M
NOI $98,939 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,437 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Two flex warehouse units totaling about 10,213 SF offer office space, mezzanines, and a 22-foot clear height.
Where is this flex space located?
The property is located at 2052 W 500 N Springville, UT.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Two flex warehouse units totaling 10,213 SF available; units may be combined or leased separately; Each unit includes office space (Unit A 1,068 SF; Unit B 1,072 SF) plus mezzanine space (1,068 SF each); Warehouse space includes 2,966 SF per unit and a 22‑ft clear height
