Cedar City Commercial
3709 N Iron Springs Rd Cedar City, UT 84721
3709 N Iron Springs Rd, Cedar City, UT, 84721
$2,900,000
For Sale
$2,900,000
4.96 acre commercial lot with 15,000 sq ft building.
Property Size15,000 SF
Lot Size4.96 Acres
Price / SF$193.33
Days on Market278
Property Features for 3709 N Iron Springs Rd
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 4.96 Acres
Listing Agency
ERA Realty Center Inc
(435) 704-1640
Listed by
Kole E Halladay
(435) 704-1640
Source
Exprealty
Added: Oct 13, 2025 Checked: Jul 16 at 9:02 pm
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 ERA Realty Center Inc
Investment Insights
Based on property information with market context.
This 4.96-acre commercial lot features a 15,000 sq ft climate-controlled building. The property is located off the Hamilton Fort exit in Cedar City, offering freeway visibility and proximity to a Sinclair gas station. Situated along 3850 W, also known as Iron County's belt route, the location provides direct access to Hwy 56 and the Port-15 Industrial project. The building is designed as a duplex, with two 7,500 sq ft sides under one roof, presenting a leasing opportunity. Each side includes just under 900 sq ft of office space, bathrooms, and storage, along with a second-level mezzanine adding close to 800 sq ft of additional office or storage space. The building features 8-inch concrete floors reinforced with rebar and fiber, and 12 to 16-foot tall bay doors. The property is projected to be ready in November 2025. The seller is open to leasing either side of the building, each comprising 7,500 square feet, offering flexibility for potential tenants.
Key Highlights
- High‑traffic 4.96‑acre commercial lot with freeway visibility
- 15,000 sq ft climate‑controlled building suitable for various businesses
- Duplex setup with two 7,500 sq ft sides, offering leasing potential
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.4k | $11.16 |
| − Vacancy | −$2.3k | −$0.16 |
| EGI | $165.1k | $11.00 |
| − OpEx | −$24.8k | −$1.65 |
| NOI | $140.3k | $9.35 |
15,000 SF · lease $11.16/SF/yr · vacancy 1.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,298 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$1.65M
$1.44M – $1.93M
NOI $115,539 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,442 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 4.96 acre commercial lot with 15,000 sq ft building.
Where is this flex space located?
The property is located at 3709 N Iron Springs Rd Cedar City, UT.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: High‑traffic 4.96‑acre commercial lot with freeway visibility; **15,000 sq ft climate‑controlled building** suitable for various businesses; Duplex setup with two 7,500 sq ft sides, offering leasing potential
