Flex Warehouse with Office
For Sale
Contact for pricing
262-272 S 671 W, Pleasant Grove, UT 84062
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 Market108
Property Features for 262-272 S 671 W
General Information
Standard status
Active
Size
3,455 SF
Property subtype
FLEX_R_AND_D
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
1
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
David Heninger
(801) 666-4260
Source:
Moodyscre
Added: Jul 13
Changed: Oct 25
Last Checked: Oct 26 at 5:15PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$48,508
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,160
$970.2K
Cap Rate 7%
$692,971
$693.0K
Cap Rate 9%
$538,978
$539.0K
Market Conditions
NOI Build-Up for 3,455 SF
Gross rent
$82.9K $24.00/SF
− Vacancy
−$18.2K −$5.28/SF
EGI
$64.7K $18.72/SF
− OpEx
−$16.2K −$4.68/SF
NOI
$48.5K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,160
Cap Rate 7%
$692,971
Cap Rate 9%
$538,978
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84062, UT
47,771
Population
14,649
Households
3.3
Avg Household Size
28
Median Age
43%
College-Educated
96%
High-School Grad
50.7 sq mi
ZIP Area
942
Density / Sq Mi
$101,584
Median Household Income
$41,079
Median Earnings
$1,617
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Office in West region
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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
