Flex Building with Warehouse
For Sale
Contact for pricing
45 E 200 N, Alpine, UT 84004
Adaptable commercial building combining open warehouse capacity with convertible office areas and private parking.
Property Size8,800 SF
Price / SF$180.68
Days on Market184
Property Features for 45 E 200 N
General Information
Standard status
Active
Size
8,800 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
Eric Larsen
(801) 702-4670
Source:
Moodyscre
Added: Apr 15
Changed: Oct 10
Last Checked: Oct 15 at 12:13AM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This 8,800 SF flex property on .33 acres combines clear-span warehouse space with two floors of office areas that can be converted for business or private use. The open portion has 16-foot ceilings, while the layout is positioned for customization around operational or storage needs. A potential 10’ x 10’ grade-level door and 800 Amp, 600 V electrical service add substantial functional capacity.
Private parking is included on the site. The building sits behind the former Purple Mattress facility, providing a tucked-away setting in Alpine’s city center. Its configuration can accommodate a range of commercial applications, including light manufacturing, showroom, distribution, e-commerce, service, technology, and fitness or training uses, as identified for the property.
Private parking is included on the site. The building sits behind the former Purple Mattress facility, providing a tucked-away setting in Alpine’s city center. Its configuration can accommodate a range of commercial applications, including light manufacturing, showroom, distribution, e-commerce, service, technology, and fitness or training uses, as identified for the property.
Key Highlights
- 8,800 SF flex building on .33 acres
- Clear‑span warehouse area with 16’ ceilings
- Two floors of convertible office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,552
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,471,040
$2.5M
Cap Rate 7%
$1,765,029
$1.8M
Cap Rate 9%
$1,372,800
$1.4M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$211.2K $24.00/SF
− Vacancy
−$46.5K −$5.28/SF
EGI
$164.7K $18.72/SF
− OpEx
−$41.2K −$4.68/SF
NOI
$123.6K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,471,040
Cap Rate 7%
$1,765,029
Cap Rate 9%
$1,372,800
Alternative Uses
Best Use
Office B
$1.77M
$1.54M – $2.06M
NOI $123,552 @ 7.0% cap · market cap 7.77%
Second Best
Warehouse
$1.22M
$1.06M – $1.42M
NOI $85,092 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,805 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84004, UT
10,259
Population
3,133
Households
3.3
Avg Household Size
32
Median Age
57%
College-Educated
99%
High-School Grad
31.0 sq mi
ZIP Area
331
Density / Sq Mi
$156,786
Median Household Income
$52,765
Median Earnings
$2,786
Median Rent
$893,400
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.
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building combining open warehouse capacity with convertible office areas and private parking.
Where is this flex space located?
The property is located at 45 E 200 N Alpine, UT.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 8,800 SF flex building on .33 acres; Clear‑span warehouse area with 16’ ceilings; Two floors of convertible office space
