Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Space with Freeway Visibility Title is generated by Realmo AI

    381 N Old Highway 91, Hurricane, UT 84737

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Distribution, manufacturing, showroom/retail spaces available with freeway visibility.

    Type:Industrial
    Property size:
    3,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    183
    Last Refresh:
    Dec 3 at 5:44 am

    Property Features for 381 N Old Highway 91

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 381 N Old Highway 91 Contact us

    We can help!

    Listing Contact
    Curren Christensen
    Curren Christensen

    Listing agent Curren Christensen License #6431250-SA00

    Listing office NAI Excel

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Excel

    HighLights

    • Immediate occupancy available in Phase I building.
    • Suitable for distribution, clean manufacturing, and showroom/retail use.
    • Located in Gateway Industrial Park with freeway visibility.
    • High clear height.
    • Beautiful new tenant improvements (TI) and newly constructed.
    • 200 amp | 208/120 3‑Phase power.

    Overview

    This property, located in Gateway Industrial Park, offers spaces suitable for distribution, clean manufacturing, and showroom/retail purposes. It features high clearance and is available for immediate occupancy in the Phase I building. The property benefits from freeway visibility. Electrical service includes 200 amp | 208/120 3-Phase power. New tenant improvements have been made, and the building is newly constructed. Phase 2 is currently under construction, with an anticipated completion date in late Q2, 2025. The property size is 3000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Car Rental Facility Computer & Electronic Repair Tech Support Center Bar & Pub Electrical Service Grocery & Convenience Store Plumbing Service Restaurant Home Appliance Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • STOR-N-LOCK Self Storage — 126 Old Hwy 91, Hurricane, UT 84737
    • Gateway Storage RV and Boat — 146 Old Hwy 91, Hurricane, UT 84737
    • Keep Safe Storage — 216 Old Hwy 91, Hurricane, UT 84737
    • Roger's Performance Marine — 140 North Highway 91, 140 Old Hwy 91, Hurricane, UT 84737
    • Max Storage - Hurricane — 132 Old Hwy 91, Hurricane, UT 84737

    Location Insight

    • Map
    • Local Demand
    City
    Hurricane
    County
    Washington
    State
    Utah
    Longitude
    -113.410812
    Latitude
    37.182674

    Nearby Similar for Lease

    • $1.00 SF/Yr
      21,000 SF

      Class A Medical Office Building

      Premier medical office building in Hurricane, delivery anticipated in 2026.
      80 N 2260 W, Hurricane, UT 84737
      View Details
    • $1.00 SF/Yr
      5,000 SF

      Warehouse Space with Yard

      5,000 SF warehouse with yard space for lease.
      397 Commerce St, Hurricane, UT 84737
      View Details
    • $1.15 SF/Yr
      6,600 SF

      Industrial Flex Buildings For Rent

      Two flex buildings in Quail Creek Industrial Park available for rent.
      950 S Regional Park Rd, Hurricane, UT 84737
      View Details
    • $5 SF/Yr
      40,000 SF

      Class A Medical Office Space

      Two Class A medical office buildings for lease in Hurricane.
      Hwy 9 W, Hurricane, UT 84737
      View Details
    • $1.27 SF/Yr
      20,600 SF

      Washington County Office/Warehouse Units

      Office and warehouse units in central Washington County available for rent.
      526 S Commerce Drive, Hurricane, UT 84058
      View Details
    • Contact for pricing
      5,000 SF

      Warehouse with Yard in Hurricane

      5,000 SF warehouse with yard space available for lease.
      397 S COMMERCE St, Hurricane, UT 84737
      View Details
    • $1.15 SF/Yr
      3,300 SF

      Warehouse Space Available for Lease

      3,300 SF warehouse space available immediately for lease.
      839 S Regional Park Rd, Hurricane, UT 84737
      View Details
    • $1.10 SF/Yr
      4,125 SF

      Distribution/Manufacturing Space Available Immediately

      Distribution and manufacturing property in high growth area, available immediately.
      5620 West 860 South, Hurricane, UT 84737
      View Details
    • $0.90 SF/Yr
      24,217 SF

      Hurricane Warehouse with Office Space

      Warehouse with two-story office, flexible terms, and TI available.
      174 N Old Highway 91, Hurricane, UT 84737
      View Details
    • $1.10 SF/Yr
      10,000 SF

      Industrial Space with Yard

      Warehouse/industrial space in Quail Creek Industrial Park.
      5681 W 860 S , Hurricane, UT 84737
      View Details
    • $1.10 SF/Yr
      8,400 SF

      Warehouse Space in QCIP Phase

      Warehouse space available for lease in Quail Creek.
      5679 West 800 South, Hurricane, UT 84737
      View Details
    • $1.13 SF/Yr
      2,737 SF

      New Construction Flex Space Available

      New construction flex space with high-end finishes, ready for occupancy.
      5500 W 290 N, Hurricane, UT
      View Details

    FAQs

    What type of property is this?
    Warehouse - Distribution, manufacturing, showroom/retail spaces available with freeway visibility.
    Where is this warehouse located?
    The property is located at 381 N Old Highway 91 Hurricane, UT.
    What are key features of this property?
    This property features: Immediate occupancy available in Phase I building.; Suitable for distribution, clean manufacturing, and showroom/retail use.; Located in Gateway Industrial Park with freeway visibility.
    (435) 627-5752
    We can help!
    Listing Contact
    Curren Christensen
    Curren Christensen
    Real Estate License ID: 6431250-SA00
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    381 N Old Highway 91, Hurricane, UT 84737
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!