Listing Agency: Colliers | Salt Lake City Downtown Show Phone

Listed By: Jeremy Terry · License #UT-5650158-SA00 Show Phone

Source: Moodyscre

Added: Feb 5 Changed: Oct 14 Last Checked: Oct 16 at 10:09AM

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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.

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 / Yr

$158,566

Cap Rate

3.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,171,320 $3.2M

Cap Rate 7%

$2,265,229 $2.3M

Cap Rate 9%

$1,761,844 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,210 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $362,282 @ 7.0% cap · market cap 8.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Tire World Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Catering Service Nail Salon Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.2% 2019

4.5% 2020

1.9% 2021

2.6% 2022

4.9% 2023

5.4% 2024

7.9% 2025

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Similar Off Market Nearby

• Extra Storage on Malvern — 49 w 2625 s st, salt lake city, ut 84115
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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