Flex Warehouse with Office
383 N 700 W North Salt Lake, UT 84054
383 N 700 W, North Salt Lake, UT, 84054
Contact for pricing
For Sale
Contact for pricing
Flex warehouse offers office build-out, climate-controlled HVAC, and two potential dock-high doors plus a grade-level door.
Property Size8,300 SF
Price / SF$240
Days on Market112
Property Features for 383 N 700 W
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Property subtype
- Industrial, Office
Listing agency
Colliers - Salt Lake City, Utah
(801) 947-8348
Listed by
Jeremy Terry · License #UT-5650158-SA00
Source
Crexi
Added: Apr 2 Updated: Jul 21 at 6:11PM Checked: Jul 21 at 6:11PM
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 Colliers - Salt Lake City, Utah
Investment Insights
Based on property information with market context.
This flex warehouse includes an office build-out with nine private offices, a conference room, and a kitchen. The space is fully sprinklered and climate controlled with full HVAC throughout. Loading includes two potential dock-high doors sized 8’ x 10’ and one grade-level door sized 12’ x 16’, supported by 8 dedicated parking stalls (5 in front and 3 in back).
The property is conveniently located near I-15 and I-215 and is described as industrially zoned. Suitable for users who want both functional office space and practical loading capability in a single setup.
The combination of dedicated parking, controlled environment improvements, and multiple loading options makes the property well-suited to day-to-day operational needs that require direct access and on-site office support.
The property is conveniently located near I-15 and I-215 and is described as industrially zoned. Suitable for users who want both functional office space and practical loading capability in a single setup.
The combination of dedicated parking, controlled environment improvements, and multiple loading options makes the property well-suited to day-to-day operational needs that require direct access and on-site office support.
Key Highlights
- Flex/warehouse with office build‑out: 9 private offices, conference room, and kitchen
- ±4,500 SF office build‑out plus fully sprinklered, climate‑controlled HVAC throughout
- Loading includes two potential dock‑high doors (8’ x 10’) and one grade‑level door (12’ x 16’)
Local Financial Insights For Flex RnD
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 | $182.3k | $21.96 |
| − Vacancy | −$10.4k | −$1.25 |
| EGI | $171.9k | $20.71 |
| − OpEx | −$60.2k | −$7.25 |
| NOI | $111.7k | $13.46 |
8,300 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,721 @ 7.0% cap · market cap 5.61%
Second Best
Office B
$1.44M
$1.26M – $1.68M
NOI $100,914 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,186 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Media Grabbers
Marketing & Advertising
Rocky Mountain Therapy ...
Medical Clinic
Premier floor company
Carpet & Flooring Store
Rocky Mountain Billing
Accounting Firm
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Similar Off Market Nearby
- North Salt Lake Location — 581 900 n #2603, north salt lake, ut 84054
FAQs
What type of property is this?
Flex space - Flex warehouse offers office build-out, climate-controlled HVAC, and two potential dock-high doors plus a grade-level door.
Where is this flex space located?
The property is located at 383 N 700 W North Salt Lake, UT.
What is the asking price?
The asking price for this property is $1,992,000.
What are key features of this property?
This property features: Flex/warehouse with office build‑out: 9 private offices, conference room, and kitchen; ±4,500 SF office build‑out plus fully sprinklered, climate‑controlled HVAC throughout; Loading includes two potential dock‑high doors (8’ x 10’) and one grade‑level door (12’ x 16’)
