Remodeled Flex Industrial
For Sale
$1,695,000
41 W GUEST Ave, South Salt Lake, UT 84115
Commercial Sale, South Salt Lake, UT
Property Size6,121 SF
Lot Size0.01 Acres
Price / SF$276.92
Days on Market54
Property Features for 41 W GUEST Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial, Industrial
Zoning description
flex
Interior features
Kitchen, Mezzanine: Warehouse, Refrigerator, Restroom: Public, Sprinkler System Fire
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
15-36-230-001
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
14685
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
break room/kitchen
fiber internet
telephone service
Building Details
Year built
1995
Flooring type
Concrete, Vinyl, Carpet, Laminate
Roof type
Rubber, Tar/Gravel
Listing Agency:
Greystone Real Estate
(801) 698-5066
Listed By:
Jenny Pace
(801) 721-6076
Added: Aug 14
Changed: Sep 13
Last Checked: Oct 6 at 4:06PM
MLS# 2178858
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Investment Insights
Based on property information with market context.
This 6,121-square-foot flex building combines approximately 2,000 square feet of remodeled office space with approximately 3,570 square feet of warehouse area and a 551-square-foot mezzanine. The office layout includes concrete flooring, two restrooms, a break room and kitchen, while the newer rooftop HVAC system serves the office and mezzanine. Higher ceilings extend to the roof in the remodeled office area.
The warehouse provides a 16-foot clear height, epoxy flooring, painted sheetrock and block walls, a 12' x 14' automatic overhead door, three-phase power, and plumbing for compressed air. HVAC does not serve the warehouse. Quantum Fiber internet service is available, and the property also includes a sprinkler system. Built in 1995, the building carries Commercial, Industrial zoning and includes a rubber and tar/gravel roof.
The warehouse provides a 16-foot clear height, epoxy flooring, painted sheetrock and block walls, a 12' x 14' automatic overhead door, three-phase power, and plumbing for compressed air. HVAC does not serve the warehouse. Quantum Fiber internet service is available, and the property also includes a sprinkler system. Built in 1995, the building carries Commercial, Industrial zoning and includes a rubber and tar/gravel roof.
Key Highlights
- 6,121 SF flex building with approximately 2,000 SF office, 3,570 SF warehouse, and 551 SF mezzanine
- Remodeled office area includes two restrooms, break room/kitchen, concrete flooring, and newer rooftop HVAC
- Warehouse offers 16‑foot clear height and a 12' x 14' automatic overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,101
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,020
$1.9M
Cap Rate 7%
$1,372,871
$1.4M
Cap Rate 9%
$1,067,789
$1.1M
Market Conditions
NOI Build-Up for 6,121 SF
Gross rent
$156.5K $25.56/SF
− Vacancy
−$8.6K −$1.41/SF
EGI
$147.8K $24.15/SF
− OpEx
−$51.7K −$8.45/SF
NOI
$96.1K $15.70/SF
Area
Salt Lake County, UT
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,020
Cap Rate 7%
$1,372,871
Cap Rate 9%
$1,067,789
Alternative Uses
Best Use
Flex RnD
$1.37M
$1.20M – $1.60M
NOI $96,101 @ 7.0% cap · market cap 5.67%
Second Best
Office B
$1.27M
$1.11M – $1.48M
NOI $88,748 @ 7.0% cap · market cap 5.24%
Theoretical Best
Multifamily LT 5
$81.50M
$71.32M – $95.09M
NOI $5,705,236 @ 7.0% cap · market cap 336.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,794
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and mezzanine areas combine with three-phase power and a commercial-industrial zoning designation.
Where is this flex space located?
The property is located at 41 W GUEST Ave South Salt Lake, UT.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 6,121 SF flex building with approximately 2,000 SF office, 3,570 SF warehouse, and 551 SF mezzanine; Remodeled office area includes two restrooms, break room/kitchen, concrete flooring, and newer rooftop HVAC; Warehouse offers 16‑foot clear height and a 12' x 14' automatic overhead door
