Flex Industrial Condo with Overhead
570-578 N 1450 W, Cedar City, UT 84721
For Sale
Contact for pricing
Flex industrial condo with loft or mezzanine, 3-phase power, and easy access just minutes from I-15 exit 59.
Property Size3,000 SF
Price / SF$198.33
Days on Market715
Property Features for 570-578 N 1450 W
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Three-Phase Power
Building Details
Construction
Listing Agency:
NAI Excel
(435) 628-1609
Listed By:
Curren Christensen · License #6431250-SA00
(435) 627-5752
Source:
Moodyscre
Added: Nov 25, 2024
Changed: Oct 26
Last Checked: Nov 8 at 9:02AM
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 NAI Excel
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex industrial condo offers a concrete block construction with a built-out interior that includes a loft or mezzanine. At approximately 3,000 square feet, the space is designed to support flexible industrial uses while also offering a usable elevated area for additional storage or work space. The property includes 3-phase power and a 14’ overhead door, supporting a range of loading and operational needs.
The site is located just minutes from I-15 exit 59, providing straightforward regional access for tenant and customer traffic. The seller would consider leasing back, which may be relevant for an owner-occupant plan or a transition timeline.
For a closer look at the upgrades and layout, schedule a tour and review the build-out details in person.
The site is located just minutes from I-15 exit 59, providing straightforward regional access for tenant and customer traffic. The seller would consider leasing back, which may be relevant for an owner-occupant plan or a transition timeline.
For a closer look at the upgrades and layout, schedule a tour and review the build-out details in person.
Key Highlights
- 3‑phase power for flexible industrial operations
- 14’ overhead door for loading and vehicle access
- Loft or mezzanine build‑out inside the condo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,108
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,160
$462.2K
Cap Rate 7%
$330,114
$330.1K
Cap Rate 9%
$256,756
$256.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$33.5K $11.16/SF
− Vacancy
−$469 −$0.16/SF
EGI
$33.0K $11.00/SF
− OpEx
−$9.9K −$3.30/SF
NOI
$23.1K $7.70/SF
Area
Iron County, UT
Vacancy
1.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,160
Cap Rate 7%
$330,114
Cap Rate 9%
$256,756
Alternative Uses
Best Use
Industrial
$330.1K
$288.9K – $385.1K
NOI $23,108 @ 7.0% cap · market cap 3.88%
Second Best
Flex RnD
$306.5K
$268.2K – $357.6K
NOI $21,457 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$612.7K
$536.1K – $714.8K
NOI $42,888 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84721, UT
27,329
Population
9,638
Households
2.8
Avg Household Size
29
Median Age
29%
College-Educated
92%
High-School Grad
186.9 sq mi
ZIP Area
146
Density / Sq Mi
$73,342
Median Household Income
$30,662
Median Earnings
$1,076
Median Rent
$345,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Cedar City, UT
Properties on Market for Flex space in Cedar City
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial condo with loft or mezzanine, 3-phase power, and easy access just minutes from I-15 exit 59.
Where is this flex space located?
The property is located at 570-578 N 1450 W Cedar City, UT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3‑phase power for flexible industrial operations; 14’ overhead door for loading and vehicle access; Loft or mezzanine build‑out inside the condo
