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 Market183
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
(385) 444-2696
Listed By:
McSean Thompson
Source:
Moodyscre
Added: Feb 19
Changed: Aug 19
Last Checked: Aug 19 at 5:31AM
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 = 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
$99,061
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
3.60%
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%
$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
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
$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 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%
$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
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
