Flex Light-Industrial
2265 1300 West, Salt Lake City, UT 84119
For Sale
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B/RP zoned building with 11' clear height and two grade-level overhead doors for flexible office, showroom, and light-industrial use.
Property Size12,028 SF
Price / SF$170.02
Days on Market154
Property Features for 2265 1300 West
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
NEXUS Commercial Real Estate
Listed By:
Jason Hagblom · License UT #10491675
(801) 860-5030
Source:
Crexi
Added: Jun 10
Changed: Nov 5
Last Checked: Nov 10 at 8:14AM
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 NEXUS Commercial Real Estate
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Investment Insights
Based on property information with market context.
This property is a flex light-industrial building designed to support a wide range of office, showroom, light-manufacturing and assembly, service, and storage uses under B/RP (Business/Research Park) zoning. It features 11’ clear height and two grade-level (10’x10’) overhead doors, providing practical drive-in loading for service-oriented and light-industrial operators. The building is set up as a four-unit configuration, offering the ability to occupy, lease, or combine space to fit an operator’s needs.
Located in West Valley City, Utah, the property sits within a business-park submarket with access to the 2100 South / SR-201 corridor. The site is positioned with rapid connections to the I-15 / I-80 interchange to the east and the I-215 beltway to the west. The location also supports regional reach to Salt Lake International Airport and the Union Pacific intermodal hub.
With office, showroom, service, and storage all contemplated by zoning and building design, this asset is well suited for an owner-user that needs a mix of working space and customer-facing area. The four-unit layout can also support a tenant-occupant strategy where space is leased while other portions are used operationally, providing configuration flexibility that can be useful for right-sizing within a single building.
Located in West Valley City, Utah, the property sits within a business-park submarket with access to the 2100 South / SR-201 corridor. The site is positioned with rapid connections to the I-15 / I-80 interchange to the east and the I-215 beltway to the west. The location also supports regional reach to Salt Lake International Airport and the Union Pacific intermodal hub.
With office, showroom, service, and storage all contemplated by zoning and building design, this asset is well suited for an owner-user that needs a mix of working space and customer-facing area. The four-unit layout can also support a tenant-occupant strategy where space is leased while other portions are used operationally, providing configuration flexibility that can be useful for right-sizing within a single building.
Key Highlights
- 1984‑built building in Business/Research Park (B/RP) zoning for office, showroom, light‑manufacturing/assembly, service, and storage uses
- 11' clear height plus two grade‑level (10' x 10') overhead doors for convenient drive‑in loading
- Four‑unit configuration provides flexibility to occupy, lease, or use a blend of both
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,284
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,645,680
$2.6M
Cap Rate 7%
$1,889,771
$1.9M
Cap Rate 9%
$1,469,822
$1.5M
Market Conditions
NOI Build-Up for 12,028 SF
Gross rent
$216.5K $18.00/SF
− Vacancy
−$13.0K −$1.08/SF
EGI
$203.5K $16.92/SF
− OpEx
−$71.2K −$5.92/SF
NOI
$132.3K $11.00/SF
Area
Salt Lake City, UT
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,645,680
Cap Rate 7%
$1,889,771
Cap Rate 9%
$1,469,822
Alternative Uses
Best Use
Flex RnD
$1.89M
$1.65M – $2.20M
NOI $132,284 @ 7.0% cap · market cap 6.47%
Second Best
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,283 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,836 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
Median Home Value
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Market
Properties on Market for Flex space in Salt Lake City
Vacancy Rate% for Industrial in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Flex space - B/RP zoned building with 11' clear height and two grade-level overhead doors for flexible office, showroom, and light-industrial use.
Where is this flex space located?
The property is located at 2265 1300 West Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,045,000.
What are key features of this property?
This property features: 1984‑built building in Business/Research Park (B/RP) zoning for office, showroom, light‑manufacturing/assembly, service, and storage uses; 11' clear height plus two grade‑level (10' x 10') overhead doors for convenient drive‑in loading; Four‑unit configuration provides flexibility to occupy, lease, or use a blend of both
