Warehouse Industrial
For Sale
$774,900
601 W 2675 N, Cedar City, UT 84721
Industrial warehouse property offered for sale in Iron County, suitable for a range of light industrial and storage uses.
Property Size4,000 SF
Price / SF$193.73
Days on Market112
Property Features for 601 W 2675 N
General Information
Standard status
Active
Size
4,000 SF
Building Details
Year Built
2007
Listing Agency:
FATHOM REALTY CEDAR
Listed By:
Scott Jolley · License #5505217-SA00
(435) 263-0500
Source:
Utahluxuryhometeam
Added: Jun 5
Changed: Sep 12
Last Checked: Sep 22 at 8:45PM
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 FATHOM REALTY CEDAR
Investment Insights
Based on property information with market context.
This offering is an industrial warehouse property listed for sale as part of the warehouses and industrial properties category. The available information describes it as an “other warehouse” within commercial real estate, but does not include further specifics on building size, dock or bay configuration, clear height, office buildout, or condition details.
The property is located at 601 W 2675 N in Cedar City, UT 84721, within Iron County. No additional comments regarding access, frontage, tenant activity, utilities, or nearby anchors are provided in the available data, so buyers should plan to confirm site-specific operational characteristics during due diligence.
For potential tenants, buyers, or operators, the key value is that it presents a warehouse-type industrial asset within Iron County for acquisition. Because the provided details do not specify permitted or specialized improvements, prospective purchasers should evaluate the site for their intended warehouse, distribution, or storage requirements, including practical considerations like interior layout, loading capability, and any existing functional features that would affect day-to-day use. Contact the listing representative for additional property information and to schedule review of the premises.
The property is located at 601 W 2675 N in Cedar City, UT 84721, within Iron County. No additional comments regarding access, frontage, tenant activity, utilities, or nearby anchors are provided in the available data, so buyers should plan to confirm site-specific operational characteristics during due diligence.
For potential tenants, buyers, or operators, the key value is that it presents a warehouse-type industrial asset within Iron County for acquisition. Because the provided details do not specify permitted or specialized improvements, prospective purchasers should evaluate the site for their intended warehouse, distribution, or storage requirements, including practical considerations like interior layout, loading capability, and any existing functional features that would affect day-to-day use. Contact the listing representative for additional property information and to schedule review of the premises.
Key Highlights
- Industrial warehouse property in Iron County (County/Parish: Iron)
- Built in 2007
- No heating or cooling systems reported
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
$37,413
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
4.83%
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%
$748,260
$748.3K
Cap Rate 7%
$534,471
$534.5K
Cap Rate 9%
$415,700
$415.7K
Market Conditions
NOI Build-Up for 4,000 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
$44.6K $11.16/SF
− Vacancy
−$625 −$0.16/SF
EGI
$44.0K $11.00/SF
− OpEx
−$6.6K −$1.65/SF
NOI
$37.4K $9.35/SF
Area
Iron County, UT
Vacancy
1.40%
Lease Rate
$11.16 /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%
$748,260
Cap Rate 7%
$534,471
Cap Rate 9%
$415,700
Alternative Uses
Best Use
Warehouse
$534.5K
$467.7K – $623.6K
NOI $37,413 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$440.2K
$385.1K – $513.5K
NOI $30,811 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$816.9K
$714.8K – $953.1K
NOI $57,185 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Fiddlers Storage — 174 E Cobblecreek Dr, Cedar City, UT 84721
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property offered for sale in Iron County, suitable for a range of light industrial and storage uses.
Where is this warehouse located?
The property is located at 601 W 2675 N Cedar City, UT.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Industrial warehouse property in Iron County (County/Parish: Iron); Built in 2007; No heating or cooling systems reported
