79,758 SF Industrial
389 S Orange St., Salt Lake City, UT 84104
Industrial building with warehouse and office space for sale.
Type:Industrial
Property size:
79,758 SFLot size:
3.36 AcresPrice / SF:
$140/SF- Added:
- Jan 6, 2025
- Days on Market:
- 538
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 389 S Orange St.
General Information
- Standard status
- Active
- Size
- 79,758 SF
- Lot size
- 3.36 Acres
- Property subtype
- Industrial
Listing office Newmark Mountain West
Listing date Jan 6, 2025
Source Crexi
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 Newmark Mountain West
HighLights
- Excellent location near the nexus of I‑80 and I‑215.
- Substantial Warehouse Space: 78,263 SF warehouse divisible to various sizes (±21,000 SF; ±30,800 SF; ±40,600 SF; ±58,758 SF).
- High Clear Height: 25’ clear height.
- Ample Loading Docks: Seven (7) dock high doors and two (2) ground level doors.
- Significant Power Supply: 800 amps / 277/480 V / 3‑phase.
- Flexible Zoning: M‑1 (Light Manufacturing District).
Overview
This 79,758 square foot building offers a versatile space, including 1,495 square feet of new spec office space and 78,263 square feet of warehouse space. Constructed in 1974, the property is situated on 3.36 acres and is zoned M-1 (Light Manufacturing District). The warehouse has a clear height of 25 feet and features column spacing of 35 feet by 40 feet. It is equipped with a wet sprinkler system and floor drains. The electrical capacity is 800 amps at 277/480V, 3-phase. There are seven dock-high doors, each measuring 10 feet by 10 feet, equipped with bumpers and edge of dock levelers; six of these doors also have seals. Additionally, there are two ground-level doors, each 10 feet by 10 feet. The property includes forty auto parking stalls and offers potential for rail service. The building is divisible to approximately 21,000 SF, 30,800 SF, 40,600 SF, or 58,758 SF. On-site property management is available. The property is located near the junction of I-80 and I-215.
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 | $794.4k | $9.96 |
| − Vacancy | −$19.9k | −$0.25 |
| EGI | $774.5k | $9.71 |
| − OpEx | −$116.2k | −$1.46 |
| NOI | $658.4k | $8.25 |
79,758 SF · lease $9.96/SF/yr · vacancy 2.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$9.41M
$8.23M – $10.97M
NOI $658,350 @ 7.0% cap · market cap 5.87%
Second Best
Industrial
$7.48M
$6.54M – $8.72M
NOI $523,264 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$21.49M
$18.80M – $25.07M
NOI $1,504,157 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar Places Nearby
- Diamond Self Storage — 50 S Redwood Rd, Salt Lake City, UT 84116
- STIOC PROPERTY — 910 S Redwood Rd, Salt Lake City, UT 84104
- Empire Towing & Recovery — 910 S Redwood Rd, Salt Lake City, UT 84104
- CubeSmart Self Storage — 350 S Redwood Rd, Salt Lake City, UT 84104
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.9418546
- Latitude
- 40.7609424
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Industrial building with warehouse and office space for sale.
Where is this warehouse located?
The property is located at 389 S Orange St. Salt Lake City, UT.
What is the asking price?
The asking price for this property is $11,212,880.
What are key features of this property?
This property features: Excellent location near the nexus of I‑80 and I‑215.; **Substantial Warehouse Space:** 78,263 SF warehouse divisible to various sizes (±21,000 SF; ±30,800 SF; ±40,600 SF; ±58,758 SF).; **High Clear Height:** 25’ clear height.
