Industrial Warehouse with
For Sale
Contact for pricing
506 N 700 W, North Salt Lake, UT 84054
Industrial warehouse on approximately one acre with 18-foot clear height and fire sprinklers throughout.
Property Size13,200 SF
Lot Size1.00 Acre
Price / SF$208.33
Days on Market229
Property Features for 506 N 700 W
General Information
Standard status
Active
Size
13,200 SF
Lot size
1.00 Acre
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Sprinkler System
Yes
Listing Agency:
Mountain West - Corporate
(801) 456-8800
Listed By:
McSean Thompson
(385) 444-2696
Source:
Moodyscre
Added: Feb 19
Changed: Oct 6
Last Checked: Oct 5 at 7:29PM
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 Mountain West - Corporate
Investment Insights
Based on property information with market context.
This industrial warehouse sits on approximately one acre and is offered for sale. The building features fire sprinklers throughout and an 18-foot clear height, supporting a range of light to mid-bay storage and manufacturing needs.
Access is described as easy to Redwood Road, I-215, I-15, and Legacy Parkway, which can help support logistics and routine operations.
The property size is listed as 13,200 square feet.
Access is described as easy to Redwood Road, I-215, I-15, and Legacy Parkway, which can help support logistics and routine operations.
The property size is listed as 13,200 square feet.
Key Highlights
- Approx. 1‑acre industrial site
- 18‑foot clear height
- Fire sprinklers throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,061
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,220
$2.0M
Cap Rate 7%
$1,415,157
$1.4M
Cap Rate 9%
$1,100,678
$1.1M
Market Conditions
NOI Build-Up for 13,200 SF
Gross rent
$118.8K $9.00/SF
− Vacancy
−$2.3K −$0.17/SF
EGI
$116.5K $8.83/SF
− OpEx
−$17.5K −$1.32/SF
NOI
$99.1K $7.50/SF
Area
Davis County, UT
Vacancy
1.90%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,981,220
Cap Rate 7%
$1,415,157
Cap Rate 9%
$1,100,678
Alternative Uses
Best Use
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,061 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$1.18M
$1.03M – $1.38M
NOI $82,661 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,405 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84054, UT
21,552
Population
7,658
Households
2.8
Avg Household Size
31
Median Age
41%
College-Educated
94%
High-School Grad
8.6 sq mi
ZIP Area
2,506
Density / Sq Mi
$107,889
Median Household Income
$50,071
Median Earnings
$1,648
Median Rent
$472,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse on approximately one acre with 18-foot clear height and fire sprinklers throughout.
Where is this warehouse 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: Approx. 1‑acre industrial site; 18‑foot clear height; Fire sprinklers throughout
