Warehouse with Secured
For Sale
Contact for pricing
2627 S 300 W, Salt Lake City, UT 84115
Warehouse facility featuring in-floor drains, LED lighting, upgraded insulation, and a secured yard.
Property Size19,210 SF
Price / SF$223.58
Days on Market210
Property Features for 2627 S 300 W
General Information
Standard status
Active
Size
19,210 SF
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Listing Agency:
Colliers | Salt Lake City Downtown
(801) 441-5937
Listed By:
Jeremy Terry · License #UT-5650158-SA00
(801) 947-8348
Source:
Moodyscre
Added: Feb 5
Changed: Aug 30
Last Checked: Sep 1 at 11:19PM
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 | Salt Lake City Downtown
Investment Insights
Based on property information with market context.
This 19,210-square-foot warehouse at 2627 S 300 W in Salt Lake City includes in-floor drains, LED lighting throughout, and upgraded insulation. The property also features a secured yard, adding controlled outdoor space to the warehouse configuration.
The address is in Salt Lake City, Utah 84115. The facility’s improvements center on warehouse functionality, including drainage infrastructure, energy-efficient lighting, enhanced insulation, and secured yard space.
The address is in Salt Lake City, Utah 84115. The facility’s improvements center on warehouse functionality, including drainage infrastructure, energy-efficient lighting, enhanced insulation, and secured yard space.
Key Highlights
- 19,210‑square‑foot warehouse facility
- In‑floor drains within the warehouse
- LED lighting installed throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,566
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,171,320
$3.2M
Cap Rate 7%
$2,265,229
$2.3M
Cap Rate 9%
$1,761,844
$1.8M
Market Conditions
NOI Build-Up for 19,210 SF
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.
Gross rent
$191.3K $9.96/SF
− Vacancy
−$4.8K −$0.25/SF
EGI
$186.5K $9.71/SF
− OpEx
−$28.0K −$1.46/SF
NOI
$158.6K $8.25/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,171,320
Cap Rate 7%
$2,265,229
Cap Rate 9%
$1,761,844
Alternative Uses
Best Use
Warehouse
$2.27M
$1.98M – $2.64M
NOI $158,566 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,282 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility featuring in-floor drains, LED lighting, upgraded insulation, and a secured yard.
Where is this warehouse located?
The property is located at 2627 S 300 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $4,295,000.
What are key features of this property?
This property features: 19,210‑square‑foot warehouse facility; In‑floor drains within the warehouse; LED lighting installed throughout
