Salt Lake City Warehouse with
For Sale
$1,975,000
34 W Guest Avenue, Salt Lake City, UT 84115
8,600 SF warehouse with enclosed yard and excellent freeway access.
Property Size8,400 SF
Lot Size0.45 Acres
Price / SF$229.65
Days on Market197
Property Features for 34 W Guest Avenue
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.45 Acres
Property subtype
Industrial
Building Details
Building Size
8,400 SF
Year Built
1959
Listing Agency:
InterNet Properties
(801) 554-3002
Listed By:
Michael Ferro · License #5478741-PB0
(801) 554-3002
Source:
Iproperties
Added: Jan 27
Changed: Aug 8
Last Checked: Apr 5 at 9:01PM
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 InterNet Properties
Investment Insights
Based on property information with market context.
Located in Salt Lake City, this industrial property features an 8,600 SF building on two parcels totaling 0.45 acres. A 7,700 SF enclosed yard complements the warehouse, making it suitable for warehouse or distribution operations. The property includes 600 Amps, 3-Phase, 208V power, and an approximate 18' clear height in the warehouse area. Interior trench drains and ground-level overhead doors, sized 12' x 14' and 10' x 9', enhance functionality. Situated in the industrial area of Salt Lake City, the location provides access to amenities, dining, supply chain services, and retail centers. Its central location near 3300 South and I-15 provides freeway access, making it suitable for industrial, warehouse, and distribution operations.
Key Highlights
- Excellent freeway access and central location near 3300 South & I‑15 in Salt Lake City.
- Large 7,700 SF enclosed yard, ideal for warehouse or distribution operations.
- Substantial power supply: 600 Amps, 3‑Phase, 208V.
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
$70,987
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
3.59%
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%
$1,419,740
$1.4M
Cap Rate 7%
$1,014,100
$1.0M
Cap Rate 9%
$788,744
$788.7K
Market Conditions
NOI Build-Up for 8,600 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
$85.7K $9.96/SF
− Vacancy
−$2.1K −$0.25/SF
EGI
$83.5K $9.71/SF
− OpEx
−$12.5K −$1.46/SF
NOI
$71.0K $8.25/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,419,740
Cap Rate 7%
$1,014,100
Cap Rate 9%
$788,744
Alternative Uses
Best Use
Warehouse
$1.01M
$887.3K – $1.18M
NOI $70,987 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$806.0K
$705.3K – $940.4K
NOI $56,422 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,187 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,794
Businesses Nearby
Well-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
Vacancy Rate% for Industrial in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 8,600 SF warehouse with enclosed yard and excellent freeway access.
Where is this warehouse located?
The property is located at 34 W Guest Avenue Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Excellent freeway access and central location near 3300 South & I‑15 in Salt Lake City.; Large 7,700 SF enclosed yard, ideal for warehouse or distribution operations.; Substantial power supply: 600 Amps, 3‑Phase, 208V.
