Cedar City Commercial
3709 N Iron Springs Rd, Cedar City, UT 84721
4.96 acre commercial lot with 15,000 sq ft building.
Property size:
15,000 SFLot size:
4.96 AcresPrice / SF:
$193/SF- Added:
- Oct 13, 2025
- Days on Market:
- 233
- Last Refresh:
- May 27 at 2:08 pm
Property Features for 3709 N Iron Springs Rd
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 4.96 Acres
Listing agent Kole E Halladay (435) 704-1640
Listing office ERA Realty Center Inc (435) 704-1640
Listing date Oct 13, 2025
Source Exprealty
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
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
- Located off Hamilton Fort exit near a Sinclair gas station and Iron County's belt route
- Each side includes approximately 900 sq ft of office space, bathrooms, and storage, plus an 800 sq ft mezzanine
- Durable construction: 8‑inch concrete floors reinforced with rebar and fiber, and 12‑16 ft tall bay doors
Overview
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.
Local Financial Insights For Office B
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 | $216.0k | $14.40 |
| − Vacancy | −$11.9k | −$0.79 |
| EGI | $204.1k | $13.61 |
| − OpEx | −$51.0k | −$3.40 |
| NOI | $153.1k | $10.21 |
15,000 SF · lease $14.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,090 @ 7.0% cap · market cap 5.28%
Second Best
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,298 @ 7.0% cap · market cap 4.84%
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.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Cedar City
- County
- Iron
- State
- Utah
- Longitude
- -113.185206
- Latitude
- 37.703967
Nearby Similar for Sale
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
