Flex Space with
New
For Sale
Contact for pricing
4460 Progressive Drive, St George, UT 84790
New-construction flex space combines office area and mezzanine storage with multiple overhead doors.
Property Size12,000 SF
Price / SF$220
Days on Market5
Property Features for 4460 Progressive Drive
General Information
Standard status
Active
Size
12,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
18 ft
Sprinkler System
Yes
Additional Details
Property Use
Office
Listing Agency:
NAI Excel
(435) 628-1609
Listed By:
Wes Davis · License #5502820-SA00
(435) 627-5705
Source:
Moodyscre
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:12PM
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 NAI Excel
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 12,000-square-foot flex property is newly constructed and configured for one or two units, with office space and a loft/mezzanine. Six overhead doors measure 12 feet by 14 feet, and the building offers 18 feet of clear height beneath a 24-foot roof. Fire sprinklers serve the property.
Construction was completed by Grass Creek Construction. The space can be occupied as a whole or divided for occupancy on one side.
Construction was completed by Grass Creek Construction. The space can be occupied as a whole or divided for occupancy on one side.
Key Highlights
- 12,000 square feet of new‑construction flex space
- Configured for 1–2 units, with office space and loft/mezzanine
- Six 12’ x 14’ overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,568
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,360
$2.0M
Cap Rate 7%
$1,450,971
$1.5M
Cap Rate 9%
$1,128,533
$1.1M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$129.6K $10.80/SF
− Vacancy
−$10.1K −$0.84/SF
EGI
$119.5K $9.96/SF
− OpEx
−$17.9K −$1.49/SF
NOI
$101.6K $8.46/SF
Area
Washington County, UT
Vacancy
7.80%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,360
Cap Rate 7%
$1,450,971
Cap Rate 9%
$1,128,533
Alternative Uses
Best Use
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,568 @ 7.0% cap · market cap 3.85%
Second Best
Flex RnD
$1.23M
$1.07M – $1.43M
NOI $85,829 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$3.30M
$2.89M – $3.86M
NOI $231,313 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84790, UT
52,982
Population
20,956
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
96%
High-School Grad
48.3 sq mi
ZIP Area
1,097
Density / Sq Mi
$85,720
Median Household Income
$39,108
Median Earnings
$1,598
Median Rent
$500,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - New-construction flex space combines office area and mezzanine storage with multiple overhead doors.
Where is this flex space located?
The property is located at 4460 Progressive Drive St George, UT.
What is the asking price?
The asking price for this property is $2,640,000.
What are key features of this property?
This property features: 12,000 square feet of new‑construction flex space; Configured for 1–2 units, with office space and loft/mezzanine; Six 12’ x 14’ overhead doors
