79,758 SF Industrial
For Sale
Contact for pricing
389 S Orange St., Salt Lake City, UT 84104
Industrial building with warehouse and office space for sale.
Property Size79,758 SF
Lot Size3.36 Acres
Price / SF$140.59
Days on Market647
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Property Features for 389 S Orange St.
General Information
Standard status
Active
Size
79,758 SF
Lot size
3.36 Acres
Property subtype
Industrial
Zoning
M-1
Lease Type
NNN
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Newmark Mountain West
Listed By:
Eli Priest · License #UT 8054624-SA00
Source:
Crexi
Added: Jan 6, 2025
Changed: Oct 3
Last Checked: Oct 14 at 11:40PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$658,350
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,167,000
$13.2M
Cap Rate 7%
$9,405,000
$9.4M
Cap Rate 9%
$7,315,000
$7.3M
Market Conditions
NOI Build-Up for 79,758 SF
Gross rent
$794.4K $9.96/SF
− Vacancy
−$19.9K −$0.25/SF
EGI
$774.5K $9.71/SF
− OpEx
−$116.2K −$1.46/SF
NOI
$658.4K $8.25/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,167,000
Cap Rate 7%
$9,405,000
Cap Rate 9%
$7,315,000
Alternative Uses
Best Use
Warehouse
$9.41M
$8.23M – $10.97M
NOI $658,350 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Salt Lake City, UT
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Frequently Asked Questions
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.
