Industrial Condo with Office
For Sale
$850,000
Pending
30 N CUTLER DR Unit 301, North Salt Lake, UT 84054
Industrial condo with 17-foot clear height, grade-level drive-in access, and finished office mezzanine for flexible operations.
Property Size2,001 SF
Days on Market118
Property Features for 30 N CUTLER DR Unit 301
General Information
Standard status
Pending
Size
2,001 SF
Property subtype
Industrial
Building Details
Building Size
2,001 SF
Year Built
2001
Listing Agency:
The Northwood Group
Listed By:
Brandon L. Wood · License #5500766-PB00
(801) 593-5500
Source:
Liftrealty
Added: Jun 18
Changed: Oct 11
Last Checked: Oct 12 at 7:09PM
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 The Northwood Group
Investment Insights
Based on property information with market context.
This industrial condo combines warehouse space with finished office improvements in a single, turnkey-style layout. The warehouse includes 17-foot clear height, polished epoxy floors, and a grade-level drive-in door to support efficient loading and operations. A finished mezzanine provides a full suite of private offices, giving the property a built-in separation between production or storage and administrative space.
Located at 30 N Cutler Drive in North Salt Lake, the property sits within one of the area’s most accessible commercial corridors. The configuration is designed to serve both warehousing needs and day-to-day office functions without requiring a separate facility.
For owner-users, this setup can streamline workflow by keeping staff and operational space in the same building. Tenants or buyers seeking a compact industrial footprint with ready-to-use office space may find the mezzanine offices particularly useful for management, support, or customer-facing roles, while the warehouse features are aligned with practical distribution and storage use.
Located at 30 N Cutler Drive in North Salt Lake, the property sits within one of the area’s most accessible commercial corridors. The configuration is designed to serve both warehousing needs and day-to-day office functions without requiring a separate facility.
For owner-users, this setup can streamline workflow by keeping staff and operational space in the same building. Tenants or buyers seeking a compact industrial footprint with ready-to-use office space may find the mezzanine offices particularly useful for management, support, or customer-facing roles, while the warehouse features are aligned with practical distribution and storage use.
Key Highlights
- Industrial condo built in 2001 with 17‑foot clear height
- Grade‑level drive‑in door for straightforward warehouse loading and access
- Polished epoxy floors throughout the warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,934
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,680
$538.7K
Cap Rate 7%
$384,771
$384.8K
Cap Rate 9%
$299,267
$299.3K
Market Conditions
NOI Build-Up for 2,001 SF
Gross rent
$43.9K $21.96/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$41.4K $20.71/SF
− OpEx
−$14.5K −$7.25/SF
NOI
$26.9K $13.46/SF
Area
Davis County, UT
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,680
Cap Rate 7%
$384,771
Cap Rate 9%
$299,267
Alternative Uses
Best Use
Flex RnD
$384.8K
$336.7K – $448.9K
NOI $26,934 @ 7.0% cap · market cap 3.17%
Second Best
Office B
$347.6K
$304.1K – $405.5K
NOI $24,329 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$462.1K
$404.4K – $539.2K
NOI $32,350 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 84054, UT
21,552
Population
7,658
Households
2.8
Avg Household Size
31
Median Age
41%
College-Educated
94%
High-School Grad
8.6 sq mi
ZIP Area
2,506
Density / Sq Mi
$107,889
Median Household Income
$50,071
Median Earnings
$1,648
Median Rent
$472,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo with 17-foot clear height, grade-level drive-in access, and finished office mezzanine for flexible operations.
Where is this flex space located?
The property is located at 30 N CUTLER DR Unit 301 North Salt Lake, UT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Industrial condo built in 2001 with 17‑foot clear height; Grade‑level drive‑in door for straightforward warehouse loading and access; Polished epoxy floors throughout the warehouse area
