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 12:06PM
MLS# 2178858
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cuisine Unlimited Catering & Special Events — 3575 S 300 W, South Salt Lake, UT 84115
- Rogers Catering — 3551 S W Temple St, South Salt Lake, UT 84115
- Chef Cody Ringo — 3478 S 500 E, Salt Lake City, UT 84115
- Mr. Rice — 3390 State St, South Salt Lake, UT 84115
- S.A.L.T Suburban Kitchen — 56 3335 S, South Salt Lake, UT 84115
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
