Cedar City Income
246 E Fiddlers Canyon Rd, Cedar City, UT 84721
COMMERCIAL - Cedar City, UT
Property size:
8,859 SFLot size:
0.86 AcresPrice / SF:
$169/SF- Added:
- Jan 29, 2026
- Days on Market:
- 108
- Last Refresh:
- May 17 at 11:06 am
Property Features for 246 E Fiddlers Canyon Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- B-0001-0009-0023-03
- Size
- 8,859 SF
- Lot size
- 0.86 Acres
Building Details
- Year built
- 1984
- Floors in Building
- 2
Listing agent Jesse Guy Carter (435) 590-0798
Listing office Stratum Real Estate Group So Branch 365 S Main, UT (435) 586-4874
Listing date Jan 29, 2026
MLS# 26-268542
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Immediate rental income with tenant in place until 10/1/2027.
- Large building size: 8,859 sq ft.
- Includes 13 office spaces, 4 large multi‑purpose rooms, 1 large conference room, a kitchen area and a large gym.
- Ample parking and outdoor area.
- Income producing property.
- Built in 1984.
Overview
This income-producing commercial property is located in Cedar City, UT. The 8,859 square foot building features 13 office spaces, 4 large multi-purpose rooms, a large conference room, a kitchen area, and a large gym. The property includes ample parking and an outdoor area. It is situated on a 0.86-acre lot. The property provides immediate rental income with a tenant in place until October 1, 2027.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.00M
NOI $90,415 @ 9.00% cap · cautious / downside scenario
Moderate
$1.29M
NOI $90,415 @ 7.00% cap · market / base-case scenario
Aggressive
$1.81M
NOI $90,415 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.6k | $14.40 |
| − Vacancy | −$7.0k | −$0.79 |
| EGI | $120.6k | $13.61 |
| − OpEx | −$30.1k | −$3.40 |
| NOI | $90.4k | $10.21 |
8,859 SF · lease $14.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,415 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,649 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
My Psych Match
Crisis Center
Zion Hills Academy
Crisis Center
The Hope Group
Crisis Center
Location Insight
- Map
- Local Demand
- City
- Cedar City
- County
- Iron
- State
- Utah
- Longitude
- -113.058037
- Latitude
- 37.711182
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 8,859 sq ft commercial building with tenant in place.
Where is this office units located?
The property is located at 246 E Fiddlers Canyon Rd Cedar City, UT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Immediate rental income with tenant in place until 10/1/2027.; Large building size: **8,859 sq ft.**; Includes **13 office spaces, 4 large multi‑purpose rooms, 1 large conference room, a kitchen area and a large gym.**
