Light Manufacturing Industrial
For Sale
Contact for pricing
4910 W Amelia Earhart Dr, Salt Lake City, UT 84116
89,140 SF M-1 industrial building with dock and ground-level doors, wet sprinklers, and 3-phase power under a 10-year NNN lease.
Property Size89,140 SF
Lot Size6.79 Acres
Price / SF$114.43
Days on Market269
Property Features for 4910 W Amelia Earhart Dr
General Information
Standard status
Active
Size
89,140 SF
Lot size
6.79 Acres
Property subtype
INDUSTRIAL
Zoning
M-1
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
5
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Road Access
Yes
Listing Agency:
Newmark | Salt Lake City
(801) 578-5555
Listed By:
Lucas M. Burbank · License #6922585-SA00
(801) 578-5522
Source:
Moodyscre
Added: Dec 12, 2025
Changed: Sep 4
Last Checked: Aug 14 at 7:50AM
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 Newmark | Salt Lake City
Investment Insights
Based on property information with market context.
This sale includes an 89,140 SF industrial warehouse built for distribution and manufacturing uses, offered under an absolute net lease with 10 years remaining and 3.0% annual rent escalations. The building includes three dock-high loading doors and five ground-level doors, wet sprinklers, and 3,000 amps of 480/270V 3-phase power. The site is a corner parcel on 6.79 acres with 30% coverage, and the new owner will have the ability to develop the property for additional rent or owner/user space.
The property is located less than a quarter mile from the Salt Lake City International Airport boundary. Access is available from both Amelia Earhart Drive and Neil Armstrong Road.
Zoning is M-1 (Light Manufacturing).
The property is located less than a quarter mile from the Salt Lake City International Airport boundary. Access is available from both Amelia Earhart Drive and Neil Armstrong Road.
Zoning is M-1 (Light Manufacturing).
Key Highlights
- 10‑year absolute net lease with 3.0% annual rent escalations
- 89,140 SF M‑1 light manufacturing industrial building on 6.79 acres (30% coverage)
- Three (3) dock‑high loading doors and five (5) ground‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$735,793
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$14,715,860
$14.7M
Cap Rate 7%
$10,511,329
$10.5M
Cap Rate 9%
$8,175,478
$8.2M
Market Conditions
NOI Build-Up for 89,140 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$887.8K $9.96/SF
− Vacancy
−$22.2K −$0.25/SF
EGI
$865.6K $9.71/SF
− OpEx
−$129.8K −$1.46/SF
NOI
$735.8K $8.25/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$14,715,860
Cap Rate 7%
$10,511,329
Cap Rate 9%
$8,175,478
Alternative Uses
Best Use
Warehouse
$10.51M
$9.20M – $12.26M
NOI $735,793 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.02M
$21.01M – $28.02M
NOI $1,681,092 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
5
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84116, UT
35,327
Population
14,487
Households
2.4
Avg Household Size
31
Median Age
24%
College-Educated
82%
High-School Grad
50.3 sq mi
ZIP Area
702
Density / Sq Mi
$69,604
Median Household Income
$38,492
Median Earnings
$1,280
Median Rent
$334,900
Median Home Value
Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Handy Truck Line Inc — 30 S 5100 W #30, Salt Lake City, UT 84104
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Frequently Asked Questions
What type of property is this?
Warehouse - 89,140 SF M-1 industrial building with dock and ground-level doors, wet sprinklers, and 3-phase power under a 10-year NNN lease.
Where is this warehouse located?
The property is located at 4910 W Amelia Earhart Dr Salt Lake City, UT.
What is the asking price?
The asking price for this property is $10,200,000.
What are key features of this property?
This property features: 10‑year absolute net lease with 3.0% annual rent escalations; 89,140 SF M‑1 light manufacturing industrial building on 6.79 acres (30% coverage); Three (3) dock‑high loading doors and five (5) ground‑level doors
