Building Details

Year built 2000

Floors in Building 1

Listing Agency: eXp Realty, LLC Show Phone

Listed By: THIRKLE D. NIELSEN · License #SA692295000 Show Phone

Added: Oct 7 Last Checked: Oct 7 at 8:06PM

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MLS# 26-276906

Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,504-square-foot office building has four private offices, two restrooms, and an open front area suited to reception or meetings. A kitchenette with cabinetry and a sink provides a break area. Interior updates include LVP flooring, fresh paint, and recessed lighting. Fiber internet is available, and on-site parking is provided. The property is zoned Public Facility.

At 325 E Newel Ave in Hildale, the building sits across from City Hall and Water Canyon School.

Key Highlights

• 1,504 sq ft office building
• Four large private offices and 2 restrooms
• 0.24‑acre lot; lot size and legal description are subject to change as the tower area is split off

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,100

Cap Rate

6.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$322,000 $322.0K

Cap Rate 7%

$230,000 $230.0K

Cap Rate 9%

$178,889 $178.9K

Market Conditions

NOI Build-Up for 1,504 SF

Gross rent

$22.2K $14.76/SF

− Vacancy

−$733 −$0.49/SF

EGI

$21.5K $14.27/SF

− OpEx

−$5.4K −$3.57/SF

NOI

$16.1K $10.70/SF

Area

Washington County, UT

Vacancy

3.30%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$322,000

Cap Rate 7%

$230,000

Cap Rate 9%

$178,889

Alternative Uses

Best Use

Office B

$230.0K

$201.3K – $268.3K (±1% cap)

NOI $16,100 @ 7.0% cap · market cap 6.44%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$414.2K

$362.4K – $483.2K (±1% cap)

NOI $28,991 @ 7.0% cap · market cap 11.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Location Intelligence

Trade Area within ½ mile

77

Businesses Nearby

Explore this area Business Placement

Demographics for 84784, UT

1,127

Population

267

Households

4.2

Avg Household Size

20

Median Age

16%

College-Educated

81%

High-School Grad

4.2 sq mi

ZIP Area

268

Density / Sq Mi

$62,727

Median Household Income

$28,750

Median Earnings

$1,372

Median Rent

$385,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - The interior combines a flexible front area, kitchenette, four private offices, and two restrooms.

Where is this office building located?

The property is located at 325 E Newel Ave Hildale, UT.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 1,504 sq ft office building; Four large private offices and 2 restrooms; 0.24‑acre lot; lot size and legal description are subject to change as the tower area is split off