Large Warehouse
For Sale
Contact for pricing
2950 W 500 S, Salt Lake City, UT 84104
Substantial warehouse property suited to a range of commercial storage and distribution needs.
Property Size84,445 SF
Price / SF$148.03
Days on Market67
Property Features for 2950 W 500 S
General Information
Standard status
Active
Size
84,445 SF
Property subtype
INDUSTRIAL
Listing Agency:
Newmark | Salt Lake City
(801) 578-5555
Listed By:
Eli Priest · License #8054624-SA00
(801) 746-4746
Source:
Moodyscre
Added: Aug 10
Changed: Oct 3
Last Checked: Oct 15 at 1:51AM
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 Newmark | Salt Lake City
Investment Insights
Based on property information with market context.
This warehouse property contains 84,445 square feet of space and is located at 2950 W 500 S in Salt Lake City, Utah. The asset is offered for sale and provides a sizable commercial footprint for warehouse-oriented operations.
Key Highlights
- 84,445 square feet of warehouse space
- Located at 2950 W 500 S, Salt Lake City, UT 84104
- For‑sale warehouse asset
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$697,039
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,940,780
$13.9M
Cap Rate 7%
$9,957,700
$10.0M
Cap Rate 9%
$7,744,878
$7.7M
Market Conditions
NOI Build-Up for 84,445 SF
Gross rent
$841.1K $9.96/SF
− Vacancy
−$21.0K −$0.25/SF
EGI
$820.0K $9.71/SF
− OpEx
−$123.0K −$1.46/SF
NOI
$697.0K $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%
$13,940,780
Cap Rate 7%
$9,957,700
Cap Rate 9%
$7,744,878
Alternative Uses
Best Use
Warehouse
$9.96M
$8.71M – $11.62M
NOI $697,039 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.75M
$19.91M – $26.54M
NOI $1,592,549 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Salt Lake City, UT
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Similar Off Market Nearby
- Adler Tank Rentals — 621 Fulton St, Salt Lake City, UT 84104
- Gorilla Box — 3455 W 500 S, Salt Lake City, UT 84104
- RWM-Utah — 3593 W 500 S, Salt Lake City, UT 84104
Frequently Asked Questions
What type of property is this?
Warehouse - Substantial warehouse property suited to a range of commercial storage and distribution needs.
Where is this warehouse located?
The property is located at 2950 W 500 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 84,445 square feet of warehouse space; Located at 2950 W 500 S, Salt Lake City, UT 84104; For‑sale warehouse asset
