Flex Space with Grade-Level
336 W GREGSON AVE, South Salt Lake, UT 84115
For Sale
$3,675,000
Office, showroom, warehouse and mezzanine areas combine with multiple loading options and outdoor yard space.
Property Size2,001 SF
Lot Size0.81 Acres
Price / SF$250
Days on Market11
Property Features for 336 W GREGSON AVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Clear Span
Warehouse Space
Office Build-Out
Mezzanine
Dock-High Doors
Drive-In Doors
Power
Voltage
Three-Phase Power
Building Details
Building Size
Year Built
Listing Agency:
Legend Commercial, LLC
(801) 930-6750
Listed By:
Skyler Peterson · License #6991009
(801) 656-7354
Source:
Liftrealty
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:23AM
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 Legend Commercial, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14,700-square-foot flex property includes 4,800 square feet of office and showroom area, 7,500 square feet of warehouse space and a 2,400-square-foot structured mezzanine. The warehouse has 24-foot clear height, skylights, LED lighting, grate drains, exhaust vents, dust collection and air-circulation systems. Loading is provided by one exterior dock well with ramp and two 16-by-16-foot automatic grade-level doors. Gas-fired forced-air and radiant heating serve the building, while compressed-air lines run throughout. Electrical service includes 600 amps at 480/277 V and 750 amps at 208/120 V, both three-phase, four-wire. Two compressor sheds are also on site.
The 0.81-acre property has 9,000 square feet of yard area and 14 parking stalls. Access is from 300 West, with connections to I-15, I-80 and 201 Interstate. The zoning designation is Flex. The building dates to 2001, with an additional year noted as 2009.
The 0.81-acre property has 9,000 square feet of yard area and 14 parking stalls. Access is from 300 West, with connections to I-15, I-80 and 201 Interstate. The zoning designation is Flex. The building dates to 2001, with an additional year noted as 2009.
Key Highlights
- 14,700 square feet total: 4,800 office/showroom, 7,500 warehouse and 2,400 structured mezzanine
- 24‑foot warehouse clear height
- One exterior dock well with ramp and two 16' x 16' automatic grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,793
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,615,860
$4.6M
Cap Rate 7%
$3,297,043
$3.3M
Cap Rate 9%
$2,564,367
$2.6M
Market Conditions
NOI Build-Up for 14,700 SF
Gross rent
$375.7K $25.56/SF
− Vacancy
−$20.7K −$1.41/SF
EGI
$355.1K $24.15/SF
− OpEx
−$124.3K −$8.45/SF
NOI
$230.8K $15.70/SF
Area
Salt Lake County, UT
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,615,860
Cap Rate 7%
$3,297,043
Cap Rate 9%
$2,564,367
Alternative Uses
Best Use
Flex RnD
$3.30M
$2.88M – $3.85M
NOI $230,793 @ 7.0% cap · market cap 6.28%
Second Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,339 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$3.96M
$3.47M – $4.62M
NOI $277,227 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,621
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Properties on Market for Flex space in Salt Lake County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, warehouse and mezzanine areas combine with multiple loading options and outdoor yard space.
Where is this flex space located?
The property is located at 336 W GREGSON AVE South Salt Lake, UT.
What is the asking price?
The asking price for this property is $3,675,000.
What are key features of this property?
This property features: 14,700 square feet total: 4,800 office/showroom, 7,500 warehouse and 2,400 structured mezzanine; 24‑foot warehouse clear height; One exterior dock well with ramp and two 16' x 16' automatic grade‑level doors
