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 Market15
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) 746-4746
Listed By:
Eli Priest
Source:
Moodyscre
Added: Aug 10
Changed: Aug 16
Last Checked: Aug 24 at 4:30AM
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 = 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
$697,039
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
5.58%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Questions? Ask Rey
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Similar Off Market Nearby
- RWM-Utah — 3593 W 500 S, Salt Lake City, UT 84104
- Adler Tank Rentals — 621 Fulton St, Salt Lake City, UT 84104
- Gorilla Box — 3455 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
