Office-Warehouse
For Sale
$750,000
448 S Commerce St Unit 3, Hurricane, UT 84737
Built in 2022, this commercial warehouse unit is located near the County Fairgrounds.
Property Size3,000 SF
Price / SF$250
Days on Market134
Property Features for 448 S Commerce St Unit 3
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Building Details
Building Size
3,000 SF
Year Built
2022
Listing Agency:
NAI Excel
Listed By:
Jason Griffith · License #UT #5478665-SA00
(435) 627-5709
Source:
Naiglobal
Added: Jun 7
Changed: Oct 16
Last Checked: Oct 16 at 7:27AM
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.
Unit 3 at 448 S Commerce St is a 3,000-square-foot office-warehouse completed in 2022. The property combines office and warehouse functionality within a newer commercial facility.
Located in Hurricane, Utah, the property sits near the County Fairgrounds and is identified as a warehouse asset for sale.
Located in Hurricane, Utah, the property sits near the County Fairgrounds and is identified as a warehouse asset for sale.
Key Highlights
- 3,000‑square‑foot office‑warehouse unit
- Built in 2022
- Unit 3 at 448 S Commerce St, Hurricane, UT 84737
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,392
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,840
$507.8K
Cap Rate 7%
$362,743
$362.7K
Cap Rate 9%
$282,133
$282.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$32.4K $10.80/SF
− Vacancy
−$2.5K −$0.84/SF
EGI
$29.9K $9.96/SF
− OpEx
−$4.5K −$1.49/SF
NOI
$25.4K $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%
$507,840
Cap Rate 7%
$362,743
Cap Rate 9%
$282,133
Alternative Uses
Best Use
Warehouse
$362.7K
$317.4K – $423.2K
NOI $25,392 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$826.1K
$722.9K – $963.8K
NOI $57,828 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84737, UT
21,212
Population
9,320
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
95%
High-School Grad
250.1 sq mi
ZIP Area
85
Density / Sq Mi
$70,417
Median Household Income
$31,315
Median Earnings
$1,239
Median Rent
$420,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2022, this commercial warehouse unit is located near the County Fairgrounds.
Where is this warehouse located?
The property is located at 448 S Commerce St Unit 3 Hurricane, UT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000‑square‑foot office‑warehouse unit; Built in 2022; Unit 3 at 448 S Commerce St, Hurricane, UT 84737
