Warehouse with Office
For Sale
Contact for pricing
527 Commerce Dr, Hurricane, UT 84737
Warehouse includes insulated steel walls, 26-foot clear height, and three motorized roll-up doors with a built-in office.
Property Size14,452 SF
Price / SF$217.96
Days on Market235
Property Features for 527 Commerce Dr
General Information
Standard status
Active
Size
14,452 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
26 ft
Heavy Power
Yes
Amenities
Conference Room
Listing Agency:
LINX
Listed By:
Travis Parry · License #0143336
(435) 359-4900
Source:
Moodyscre
Added: Jan 20
Changed: Sep 7
Last Checked: Sep 12 at 7:24AM
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 LINX
Investment Insights
Based on property information with market context.
This property offers a 12,000 SF warehouse with insulated steel walls and a 26-foot clear height. The facility is supported by a 600 amp 480 V electrical service and features three motorized roll-up doors for loading and access.
An attached 2,542 SF office area includes a conference room and offices, providing on-site space for administration and meetings.
The combination of warehouse clear height, insulated construction, and dedicated office improvements supports flexible day-to-day operations within one facility.
An attached 2,542 SF office area includes a conference room and offices, providing on-site space for administration and meetings.
The combination of warehouse clear height, insulated construction, and dedicated office improvements supports flexible day-to-day operations within one facility.
Key Highlights
- 12,000 SF warehouse with 26' clear height
- 2,542 SF office with conference room and offices
- Insulated steel walls throughout the warehouse
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
$154,704
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
4.91%
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%
$3,094,080
$3.1M
Cap Rate 7%
$2,210,057
$2.2M
Cap Rate 9%
$1,718,933
$1.7M
Market Conditions
NOI Build-Up for 14,452 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
$213.3K $14.76/SF
− Vacancy
−$7.0K −$0.49/SF
EGI
$206.3K $14.27/SF
− OpEx
−$51.6K −$3.57/SF
NOI
$154.7K $10.70/SF
Area
Washington County, UT
Vacancy
3.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
25.00%
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%
$3,094,080
Cap Rate 7%
$2,210,057
Cap Rate 9%
$1,718,933
Alternative Uses
Best Use
Office B
$2.21M
$1.93M – $2.58M
NOI $154,704 @ 7.0% cap · market cap 4.91%
Second Best
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,321 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$3.98M
$3.48M – $4.64M
NOI $278,578 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
26 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84737, UT
21,212
Population
9,320
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
95%
High-School Grad
250.1 sq mi
ZIP Area
85
Density / Sq Mi
$70,417
Median Household Income
$31,315
Median Earnings
$1,239
Median Rent
$420,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Cover It RV and Boat Storage — 759 5520 W, Hurricane, UT 84737
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- Keep Safe Storage — 216 Old Hwy 91, Hurricane, UT 84737
- EZ In EZ out Storage — 208 Old Hwy 91, Hurricane, UT 84737
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes insulated steel walls, 26-foot clear height, and three motorized roll-up doors with a built-in office.
Where is this warehouse located?
The property is located at 527 Commerce Dr Hurricane, UT.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 12,000 SF warehouse with 26' clear height; 2,542 SF office with conference room and offices; Insulated steel walls throughout the warehouse
