Auto Shop with Fenced
For Sale
Contact for pricing
321 East 200 South, Clearfield, UT 84015
Automotive property with a fenced yard and dedicated shop improvements.
Property Size1,392 SF
Lot Size0.26 Acres
Price / SF$323.28
Days on Market10
Property Features for 321 East 200 South
General Information
Standard status
Active
Size
1,392 SF
Lot size
0.26 Acres
Property subtype
Industrial, Special Purpose
Zoning
Urban Core Commerce (UC)
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Asking Price
$450,000
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Salt Lake City, Utah
Listed By:
Josh Wangsgard · License #UT 9217422-PB00
Source:
Crexi
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 7:55AM
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 Cushman & Wakefield - Salt Lake City, Utah
Investment Insights
Based on property information with market context.
This automotive property includes a 0.26-acre tow yard enclosed by a privacy fence and a 1,392-square-foot shop. The building has two 8-by-8-foot garage doors, providing dedicated vehicle access for shop operations. Zoned Urban Core Commerce (UC), the property is located at 321 East 200 South in Clearfield, Utah.
Main Street is readily accessible, and the site is 1.35 miles from I-15. The existing lease may be renewed, or the buyer may occupy the property when the current lease expires on October 31, 2026.
Main Street is readily accessible, and the site is 1.35 miles from I-15. The existing lease may be renewed, or the buyer may occupy the property when the current lease expires on October 31, 2026.
Key Highlights
- 0.26‑acre tow yard enclosed by a privacy fence
- 1,392 SF shop with two 8' x 8' garage doors
- Urban Core Commerce (UC) zoning
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
$16,826
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
3.74%
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%
$336,520
$336.5K
Cap Rate 7%
$240,371
$240.4K
Cap Rate 9%
$186,956
$187.0K
Market Conditions
NOI Build-Up for 1,392 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
$27.0K $19.38/SF
− Vacancy
−$2.9K −$2.11/SF
EGI
$24.0K $17.27/SF
− OpEx
−$7.2K −$5.18/SF
NOI
$16.8K $12.09/SF
Area
Davis County, UT
Vacancy
10.90%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
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%
$336,520
Cap Rate 7%
$240,371
Cap Rate 9%
$186,956
Alternative Uses
Best Use
Retail
$240.4K
$210.3K – $280.4K
NOI $16,826 @ 7.0% cap · market cap 3.74%
Second Best
Industrial
$124.5K
$109.0K – $145.3K
NOI $8,717 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,505 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 25%
Home Improvements & Furnishings 6%
Apparel 3%
Shell
Shops & Services
6,458 visits/mo
0.5 miles
Baskin-Robbins
Dining
3,210 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
1,733 visits/mo
0.3 miles
Kearsley True Value Hardware
Home Improvements & Furnishings
814 visits/mo
0.4 miles
DTLR/VILLA
Apparel
429 visits/mo
0.3 miles
Demographics for 84015, UT
68,548
Population
23,058
Households
3
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
3,296
Density / Sq Mi
$92,634
Median Household Income
$43,208
Median Earnings
$1,385
Median Rent
$377,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 1-800 Radiator & A/C-Clearfield — 215 E 700 S, Clearfield, UT 84015
- CNG Technologies of Utah — 638 S Main St, Clearfield, UT 84015
- Caliber Collision — 520 E 700 S, Clearfield, UT 84015
- Horsepower Unlimited — 640 S Main St, Clearfield, UT 84015
- Steve's Automotive Specialists - Clearfield — 975 E 700 S, Clearfield, UT 84015
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with a fenced yard and dedicated shop improvements.
Where is this auto shop located?
The property is located at 321 East 200 South Clearfield, UT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 0.26‑acre tow yard enclosed by a privacy fence; 1,392 SF shop with two 8' x 8' garage doors; Urban Core Commerce (UC) zoning
