Flex Warehouse with Office
262-272 S 671 W Pleasant Grove, UT 84062
For Sale
Contact for pricing
Flex/warehouse includes a heated warehouse, 22’ clear height, and a second-floor office mezzanine with restroom.
Property Size3,455 SF
Price / SF$250
Days on Market17
Property Features for 262-272 S 671 W
General Information
Standard status
Active
Size
3,455 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers | Utah County
(801) 666-4260
Listed By:
David Heninger
Source:
Moodyscre
Added: Jul 13
Changed: Jul 26
Last Checked: Jul 28 at 3:38PM
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 flex/warehouse opportunity features a functional warehouse layout with 22’ clear height and one 12’ x 14’ grade-level door. A dedicated tool/storage room supports day-to-day operations, while the warehouse is heated. Office space is located on the second floor and includes a mezzanine and an internal restroom, with the office being swamp-cooled.
The property is currently owner-occupied and leased through September 2026, with the existing tenant expressing interest in renewing.
Overall, the configuration combines high-clear warehouse space with a dedicated two-level office arrangement, making it well-suited for an owner-user or an investor seeking existing in-place occupancy.
The property is currently owner-occupied and leased through September 2026, with the existing tenant expressing interest in renewing.
Overall, the configuration combines high-clear warehouse space with a dedicated two-level office arrangement, making it well-suited for an owner-user or an investor seeking existing in-place occupancy.
Key Highlights
- 3,455 SF flex/warehouse in Pleasant Grove with heated warehouse and second‑floor office mezzanine
- Warehouse offers 22’ clear height plus one 12’ x 14’ grade‑level door
- Dedicated tool/storage room in the warehouse for additional utility
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 | $82.9k | $24.00 |
| − Vacancy | −$18.2k | −$5.28 |
| EGI | $64.7k | $18.72 |
| − OpEx | −$16.2k | −$4.68 |
| NOI | $48.5k | $14.04 |
3,455 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$693.0K
$606.4K – $808.5K
NOI $48,508 @ 7.0% cap · market cap 5.62%
Second Best
Warehouse
$477.3K
$417.6K – $556.8K
NOI $33,408 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$952.4K
$833.4K – $1.11M
NOI $66,668 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Culinary Crafts — 573 W State St suite a, Pleasant Grove, UT 84062
- Gandolfo's New York Deli — 715 S Main St, Pleasant Grove, UT 84062
- Graze Craze Charcuterie Boards & Boxes - Pleasant Grove, UT — 1926 W Pleasant Grove Blvd Suite B, Pleasant Grove, UT 84062
- Bacchus Event Services — 573 W State St suite a, Pleasant Grove, UT 84062
- Graze Craze Charcuterie Boards & Boxes — 1926 W Pleasant Grove Blvd Suite B, Pleasant Grove, UT 84062
Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse includes a heated warehouse, 22’ clear height, and a second-floor office mezzanine with restroom.
Where is this flex space located?
The property is located at 262-272 S 671 W Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $863,750.
What are key features of this property?
This property features: 3,455 SF flex/warehouse in Pleasant Grove with heated warehouse and second‑floor office mezzanine; Warehouse offers 22’ clear height plus one 12’ x 14’ grade‑level door; Dedicated tool/storage room in the warehouse for additional utility
