Flex Space with Paved
For Sale
Contact for pricing
3035 S 3600 W, West Valley City, UT 84119
Industrial flex property combining warehouse, office, paved yard space, grade-level loading, and 3-phase power.
Property Size14,793 SF
Price / SF$189.28
Days on Market11
Property Features for 3035 S 3600 W
General Information
Standard status
Active
Size
14,793 SF
Class
B
Property subtype
Industrial
Zoning
M
Investment Type
Owner/User
Listing Agency:
Colliers - Salt Lake City, Utah
Listed By:
William Riedel · License #13911643-SA00
(801) 652-1105
Source:
Crexi
Added: Aug 24
Changed: Sep 1
Last Checked: Sep 1 at 8:42PM
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 Colliers - Salt Lake City, Utah
Investment Insights
Based on property information with market context.
This M-zoned flex property combines warehouse and office improvements within a 14,793-square-foot industrial building. The layout includes 11,457 square feet of warehouse area and 3,336 square feet of office space, supporting a blend of operational and administrative functions. Clear heights range from 15 to 18 feet, and the building has one grade-level door measuring 12 feet by 14 feet.
The property occupies 1.04 acres and includes a paved concrete yard area for site operations. Three-phase power is available, adding an important infrastructure feature for industrial users. The property is located at 3035 S. 3600 W. in West Valley City, Utah.
The property occupies 1.04 acres and includes a paved concrete yard area for site operations. Three-phase power is available, adding an important infrastructure feature for industrial users. The property is located at 3035 S. 3600 W. in West Valley City, Utah.
Key Highlights
- 14,793‑square‑foot industrial flex building
- 11,457 SF of warehouse space and 3,336 SF of office space
- 1.04‑acre site with paved concrete yard space
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
$194,114
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
6.93%
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%
$3,882,280
$3.9M
Cap Rate 7%
$2,773,057
$2.8M
Cap Rate 9%
$2,156,822
$2.2M
Market Conditions
NOI Build-Up for 14,793 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
$319.5K $21.60/SF
− Vacancy
−$60.7K −$4.10/SF
EGI
$258.8K $17.50/SF
− OpEx
−$64.7K −$4.37/SF
NOI
$194.1K $13.12/SF
Area
West Valley City, UT
Vacancy
19.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,882,280
Cap Rate 7%
$2,773,057
Cap Rate 9%
$2,156,822
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.24M
NOI $194,114 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$2.20M
$1.93M – $2.57M
NOI $154,027 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$4.24M
$3.71M – $4.94M
NOI $296,452 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property combining warehouse, office, paved yard space, grade-level loading, and 3-phase power.
Where is this flex space located?
The property is located at 3035 S 3600 W West Valley City, UT.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 14,793‑square‑foot industrial flex building; 11,457 SF of warehouse space and 3,336 SF of office space; 1.04‑acre site with paved concrete yard space
