Industrial Warehouse For
For Sale
$500,000
50 E Malvern Ave, South Salt Lake, UT 84115
Industrial warehouse available for purchase in a commercial corridor zoning setting.
Property Size6,098 SF
Lot Size0.14 Acres
Price / SF$255.10
Days on Market146
Property Features for 50 E Malvern Ave
General Information
Standard status
Active
Size
6,098 SF
Lot size
0.14 Acres
Property subtype
VacantLand
Zoning
Commercial Corridor
Building Details
Building Size
6,098 SF
Listing Agency:
Newmark Mountain West
Listed By:
Robert Kingsford · License #6561557-SA00
Source:
Commercialcafe
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 24 at 1:40PM
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 Mountain West
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Investment Insights
Based on property information with market context.
The property is an industrial warehouse offering 1,960 square feet of space on 0.14 acres. It is positioned for commercial uses under the Commercial Corridor zoning designation, providing a straightforward configuration for industrial or related operational needs.
Located at 50 E Malvern Ave in South Salt Lake, UT, the site is marketed within a Commercial Corridor context. This zoning placement can be particularly relevant for tenants or buyers looking for a facility that fits within a corridor-oriented commercial framework.
For prospective users, the size and warehouse classification support practical requirements such as storage and light industrial activity, subject to the applicable zoning and any permitting requirements. For buyers, the offering provides a compact industrial footprint with a clear zoning basis, which can help streamline early feasibility for suitable industrial tenants.
Located at 50 E Malvern Ave in South Salt Lake, UT, the site is marketed within a Commercial Corridor context. This zoning placement can be particularly relevant for tenants or buyers looking for a facility that fits within a corridor-oriented commercial framework.
For prospective users, the size and warehouse classification support practical requirements such as storage and light industrial activity, subject to the applicable zoning and any permitting requirements. For buyers, the offering provides a compact industrial footprint with a clear zoning basis, which can help streamline early feasibility for suitable industrial tenants.
Key Highlights
- Industrial warehouse for purchase
- 1,960 SF industrial space
- 0.14‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,179
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,580
$323.6K
Cap Rate 7%
$231,129
$231.1K
Cap Rate 9%
$179,767
$179.8K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$19.5K $9.96/SF
− Vacancy
−$488 −$0.25/SF
EGI
$19.0K $9.71/SF
− OpEx
−$2.9K −$1.46/SF
NOI
$16.2K $8.25/SF
Area
Salt Lake County, 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 Rate 5%
$323,580
Cap Rate 7%
$231,129
Cap Rate 9%
$179,767
Alternative Uses
Best Use
Warehouse
$231.1K
$202.2K – $269.7K
NOI $16,179 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$183.7K
$160.7K – $214.3K
NOI $12,859 @ 7.0% cap · market cap 2.57%
Theoretical Best
Multifamily LT 5
$26.10M
$22.84M – $30.45M
NOI $1,826,869 @ 7.0% cap · market cap 365.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- A-1 Access Storage — 3202 S 460 W, South Salt Lake, UT 84115
- A-1 Access Self Storage Units & U-Haul Truck Rental — 3202 S 460 W, South Salt Lake, UT 84115
- VIP Marine — 3158 S Main St, Salt Lake City, UT 84115
- Millcreek Storage — 2980 S 460 W, South Salt Lake, UT 84115
- Jorgenson Lockers — 2895 S 300 W, Salt Lake City, UT 84115
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse available for purchase in a commercial corridor zoning setting.
Where is this warehouse located?
The property is located at 50 E Malvern Ave South Salt Lake, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Industrial warehouse for purchase; 1,960 SF industrial space; 0.14‑acre lot
