Renovated Flex Space with Fenced
For Sale
$1,800,000
310 East 2000 North, Tooele, UT 84074
Temperature-controlled warehouse space includes office area, ground-level loading, and 3-phase power.
Property Size11,500 SF
Lot Size0.73 Acres
Price / SF$156.52
Days on Market176
Property Features for 310 East 2000 North
General Information
Standard status
Active
Size
11,500 SF
Lot size
0.73 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
9,165 SF
Office Build-Out
2,335 SF
Drive-In Doors
2
Power
200 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
11,500 SF
Year Renovated
2022
Buildings
1
Listing Agency:
Newmark Mountain West
(801) 746-4771
Listed By:
Chase Omana · License #11039252-SA00
Source:
Nmrk
Added: Mar 7
Changed: Aug 29
Last Checked: Aug 29 at 11:51PM
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 Mountain West
Investment Insights
Based on property information with market context.
Renovated in 2022, this flex property combines 2,335 SF of office space with 9,165 SF of warehouse area within an 11,500 SF building. The warehouse is temperature controlled and supported by HVAC throughout the office and industrial areas. Two ground-level doors provide loading access, while the clear height ranges from 11 feet to 16 feet. The property also includes fire sprinklers and 200-amp, 480-volt, 3-phase power.
The 0.73-acre site features a fully paved, fenced yard with an automatic gate. Highway 36 frontage provides direct roadway exposure, and the property is minutes from I-80 and Tooele Main Street. Located at 310 East 2000 North in Tooele, the configuration supports a range of flex and industrial operations.
The 0.73-acre site features a fully paved, fenced yard with an automatic gate. Highway 36 frontage provides direct roadway exposure, and the property is minutes from I-80 and Tooele Main Street. Located at 310 East 2000 North in Tooele, the configuration supports a range of flex and industrial operations.
Key Highlights
- 11,500 SF building with 2,335 SF office and 9,165 SF warehouse
- Renovated in 2022
- Two ground level doors: 12’x12’ and 10’x12’
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
$107,281
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
5.96%
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%
$2,145,620
$2.1M
Cap Rate 7%
$1,532,586
$1.5M
Cap Rate 9%
$1,192,011
$1.2M
Market Conditions
NOI Build-Up for 11,500 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
$179.4K $15.60/SF
− Vacancy
−$14.4K −$1.25/SF
EGI
$165.0K $14.35/SF
− OpEx
−$57.8K −$5.02/SF
NOI
$107.3K $9.33/SF
Area
Tooele County, UT
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,145,620
Cap Rate 7%
$1,532,586
Cap Rate 9%
$1,192,011
Alternative Uses
Best Use
Flex RnD
$1.53M
$1.34M – $1.79M
NOI $107,281 @ 7.0% cap · market cap 5.96%
Second Best
Warehouse
$1.36M
$1.19M – $1.58M
NOI $94,925 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,879 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84074, UT
55,001
Population
18,128
Households
3
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$102,313
Median Household Income
$47,385
Median Earnings
$1,197
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Temperature-controlled warehouse space includes office area, ground-level loading, and 3-phase power.
Where is this flex space located?
The property is located at 310 East 2000 North Tooele, UT.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 11,500 SF building with 2,335 SF office and 9,165 SF warehouse; Renovated in 2022; Two ground level doors: 12’x12’ and 10’x12’
