Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Salt Lake Flex Space Title is generated by Realmo AI

    506 N 700 W, North Salt Lake, UT 84054

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13,200 SF flex space with easy freeway access.

    Type:Industrial
    Property size:
    13,200 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $208/SF
    Added:
    Feb 10, 2026
    Days on Market:
    93
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 506 N 700 W

    General Information

    Standard status
    Active
    Size
    13,200 SF
    Lot size
    1.00 Acre
    Property subtype
    Industrial

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Skye Galley
    Skye Galley

    Listing agent Skye Galley License #11555200-SA00

    Listing office Newmark Mountain West

    Listing date Feb 10, 2026

    Source Crexi

    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

    HighLights

    • Excellent Location: Easy access to Redwood Road, I‑215, I‑15, and Legacy Parkway.
    • Substantial Square Footage: Boasting 13,200 total square feet across two buildings.
    • Two Buildings: Building 1 (5,500 SF) and Building 2 (7,700 SF).
    • High Power Capacity: 400 amps (Building 1) and 200 amps (Building 2), both 480/208 V, 3‑phase.
    • Ground‑Level Access: Each building features two (2) 14’x14’ ground‑level motorized doors.
    • Equipped with fire sprinklers throughout.

    Overview

    This 13,200-square-foot flex space property is situated on a 1-acre lot and features fire sprinklers throughout. The property offers convenient access to Redwood Road, I-215, I-15, and Legacy Parkway. The clear height within the buildings is 18 feet. The property consists of two buildings. Building 1 comprises 5,500 square feet and includes two 14’x14’ ground-level motorized doors, a small office, and two restrooms. It is equipped with 400 amps of 480/208 V, 3-phase power. Building 2 offers 7,700 square feet of space and features two 14’x14’ ground-level motorized doors, a small office, and one restroom. It is equipped with 200 amps of 480/208 V, 3-phase power.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Discover Mortgage Corporation Loan Service Gusto Builds Construction Company Surf Soccer Training Sports School R&construction Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Salt Lake
    County
    Davis
    State
    Utah
    Longitude
    -111.9275971
    Latitude
    40.8507774

    Nearby Similar for Sale

    • $1,425,000
      7,200 SF

      Freestanding Office Building For Sale

      7,200 SF office building with ample parking and freeway access.
      940 N 400 E, North Salt Lake, UT
      View Details
    • $5,500,000
      50,000 SF

      Two Office Buildings For Sale

      Two 25,000 SF office buildings built in 2006.
      330-360 Cutler Dr, North Salt Lake, UT
      View Details
    • Contact for pricing
      19,482 SF

      North Salt Lake Industrial Property

      Industrial property available for lease or sale in North Salt Lake.
      847 N Pointe Cir, North Salt Lake, UT
      View Details
    • Contact for pricing
      37,000 SF

      INDUSTRIAL

      1096 N Redwood Rd, North Salt Lake, UT
      View Details
    • Contact for pricing
      2,500 SF

      Renovated Flex Space Available

      Newly renovated flex space with I-15 and I-215 access.
      220 N Redwood Rd, North Salt Lake, UT
      View Details

    FAQs

    What type of property is this?
    Flex space - 13,200 SF flex space with easy freeway access.
    Where is this flex space located?
    The property is located at 506 N 700 W North Salt Lake, UT.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Excellent Location: Easy access to Redwood Road, I‑215, I‑15, and Legacy Parkway.; Substantial Square Footage: Boasting 13,200 total square feet across two buildings.; Two Buildings: Building 1 (5,500 SF) and Building 2 (7,700 SF).
    (801) 796-5006 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Skye Galley
    Skye Galley
    Real Estate License ID: 11555200-SA00
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    506 N 700 W, North Salt Lake, UT 84054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!