Retail Building with Warehouse
New
For Sale
$1,799,900
285 N MAIN ST, Clearfield, UT 84015
Updated interior combines office and warehouse areas with sliding doors at the rear loading area.
Property Size11,216 SF
Days on Market5
Property Features for 285 N MAIN ST
General Information
Standard status
Active
Size
11,216 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Building Size
11,216 SF
Year Built
1952
Listing Agency:
REALTY GROUP UTAH LLC
Listed By:
Paul Stanworth · License #5451851-PB00
(801) 860-3121
Source:
Liftrealty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:49PM
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 REALTY GROUP UTAH LLC
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Investment Insights
Based on property information with market context.
Built in 1952, this retail property has office and warehouse space, with sliding doors serving a loading area in the rear section. Interior improvements include new mechanical systems, flooring and lighting, along with a new roof.
The property offers access from North Main Street and 300 North. A vacant portion of the land may accommodate mixed-use development, with commercial space at ground level and residential space above, subject to applicable approvals.
The property offers access from North Main Street and 300 North. A vacant portion of the land may accommodate mixed-use development, with commercial space at ground level and residential space above, subject to applicable approvals.
Key Highlights
- Interior updates include new mechanical systems, flooring and lighting
- New roof
- Office and warehouse areas within the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,571
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,711,420
$2.7M
Cap Rate 7%
$1,936,729
$1.9M
Cap Rate 9%
$1,506,344
$1.5M
Market Conditions
NOI Build-Up for 11,216 SF
Gross rent
$217.4K $19.38/SF
− Vacancy
−$23.7K −$2.11/SF
EGI
$193.7K $17.27/SF
− OpEx
−$58.1K −$5.18/SF
NOI
$135.6K $12.09/SF
Area
Davis County, UT
Vacancy
10.90%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,711,420
Cap Rate 7%
$1,936,729
Cap Rate 9%
$1,506,344
Alternative Uses
Best Use
Retail
$1.94M
$1.69M – $2.26M
NOI $135,571 @ 7.0% cap · market cap 7.53%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,172 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,330 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 84015, UT
68,548
Population
23,058
Households
3
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
3,296
Density / Sq Mi
$92,634
Median Household Income
$43,208
Median Earnings
$1,385
Median Rent
$377,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Retail space - Updated interior combines office and warehouse areas with sliding doors at the rear loading area.
Where is this retail space located?
The property is located at 285 N MAIN ST Clearfield, UT.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: Interior updates include new mechanical systems, flooring and lighting; New roof; Office and warehouse areas within the building
