Building Details

Year Built 1981

Listing Agency: Colliers International LLC (Wasatch)

Listed By: Eric S Larsen · License #5722129-SA00 Show Phone

Source: Redsign

Added: Mar 27 Changed: Oct 7 Last Checked: Oct 6 at 12:46AM

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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 Colliers International LLC (Wasatch)

Investment Insights

Based on property information with market context.

Located in Alpine, Utah, this 8,800 square foot office/warehouse flex building is situated on 0.33 acres. The property features a blend of functional open space with 16-foot ceilings and two floors of convertible office areas. It is suitable for light manufacturing, showroom, distribution, e-commerce, service-based businesses, tech, fitness/training users, or private office use. The original building includes clear-span warehouse space with the potential for a 10-foot by 10-foot grade-level door. It has ample power with 800 Amp 600 V service. The layout is designed for conversion to various business or private needs. The site includes private parking and is located behind the former Purple Mattress facility. The property size is 8,476 square feet.

Key Highlights

• Rare 8,800 SF flex building on .33 acres in affluent Alpine, Utah location.
• Versatile space suitable for various uses: office, warehouse, light manufacturing, showroom, e‑commerce, etc.
• Clear‑span warehouse with 16’ ceilings and potential for a 10’x10’ grade‑level door.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,496

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,349,920 $1.3M

Cap Rate 7%

$964,229 $964.2K

Cap Rate 9%

$749,956 $750.0K

Market Conditions

NOI Build-Up for 8,476 SF

Gross rent

$101.7K $12.00/SF

− Vacancy

−$5.3K −$0.62/SF

EGI

$96.4K $11.38/SF

− OpEx

−$28.9K −$3.41/SF

NOI

$67.5K $7.96/SF

Area

Utah County, UT

Vacancy

5.20%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,349,920

Cap Rate 7%

$964,229

Cap Rate 9%

$749,956

Alternative Uses

Best Use

Industrial

$964.2K

$843.7K – $1.12M (±1% cap)

NOI $67,496 @ 7.0% cap · market cap 4.25%

Second Best

Flex RnD

$821.1K

$718.5K – $958.0K (±1% cap)

NOI $57,478 @ 7.0% cap · market cap 3.61%

Theoretical Best

Office A

$2.34M

$2.04M – $2.73M (±1% cap)

NOI $163,553 @ 7.0% cap · market cap 10.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Hair Salon Nail Salon Electrical Service Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

477

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 84004, UT

10,259

Population

3,133

Households

3.3

Avg Household Size

32

Median Age

57%

College-Educated

99%

High-School Grad

31.0 sq mi

ZIP Area

331

Density / Sq Mi

$156,786

Median Household Income

$52,765

Median Earnings

$2,786

Median Rent

$893,400

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Flex Building with Warehouse Space

45 E 200 N, Alpine, UT 84004

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8,800 SF

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Fully Leased Office Building

155 W CANYON CREST RD, Alpine, UT 84004

$3,350,000

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Former Mattress Headquarters in Alpine

119 E 200 N, Alpine, UT 84004

$8,900,000

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Frequently Asked Questions

What type of property is this?

Flex space - 8,800 SF office/warehouse flex building in Alpine, Utah.

Where is this flex space located?

The property is located at 51 E 200 N Alpine, UT.

What is the asking price?

The asking price for this property is $1,590,000.

What are key features of this property?

This property features: Rare 8,800 SF flex building on .33 acres in affluent Alpine, Utah location.; Versatile space suitable for various uses: office, warehouse, light manufacturing, showroom, e‑commerce, etc.; Clear‑span warehouse with 16’ ceilings and potential for a 10’x10’ grade‑level door.**