Heavy Manufacturing Property with Fenced
For Sale
Contact for pricing
632 Gladiola St, Salt Lake City, UT 84104
Industrial site with on-site utilities, substantial electrical capacity, and a secured outdoor storage area.
Property Size3,840 SF
Lot Size5.18 Acres
Price / SF$1.04
Days on Market92
Property Features for 632 Gladiola St
General Information
Standard status
Active
Size
3,840 SF
Lot size
5.18 Acres
Property subtype
Industrial
Zoning
M-2
Site & Location
Neighborhood
Poplar Grove
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Building Details
Building Size
3,840 SF
Listing Agency:
Salt Lake City - Millrock
Listed By:
Rusty Bollow
(801) 441-1205
Source:
Colliers
Added: Jul 27
Changed: Oct 14
Last Checked: Oct 24 at 1:23PM
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 Salt Lake City - Millrock
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Investment Insights
Based on property information with market context.
This 5.18-acre manufacturing property includes a 3,840-square-foot existing building, a fenced yard, on-site utilities, and heavy power. The site is designated M-2 for heavy manufacturing, supporting an industrial use profile with both enclosed building space and secured outdoor area.
Located at 632 S Gladiola St in Salt Lake City, the property also carries potential for a rail spur. The combination of acreage, utility access, electrical capacity, and existing improvements provides a substantial industrial footprint.
Located at 632 S Gladiola St in Salt Lake City, the property also carries potential for a rail spur. The combination of acreage, utility access, electrical capacity, and existing improvements provides a substantial industrial footprint.
Key Highlights
- 5.18‑acre manufacturing site with a 3,840 SF existing building
- M‑2 zoning designated for heavy manufacturing
- Fenced yard provides secured outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660
$660
Cap Rate 7%
$471
$471
Cap Rate 9%
$367
$367
Market Conditions
NOI Build-Up for 5 SF
Gross rent
$50 $9.96/SF
− Vacancy
−$3 −$0.59/SF
EGI
$47 $9.37/SF
− OpEx
−$14 −$2.81/SF
NOI
$33 $6.56/SF
Area
Salt Lake City, UT
Vacancy
5.90%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660
Cap Rate 7%
$471
Cap Rate 9%
$367
Alternative Uses
Best Use
Industrial
$471
$413 – $550
NOI $33 @ 7.0% cap · market cap 637.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.3K
$1.2K – $1.6K
NOI $94 @ 7.0% cap · market cap 1,814.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial site with on-site utilities, substantial electrical capacity, and a secured outdoor storage area.
Where is this manufacturing property located?
The property is located at 632 Gladiola St Salt Lake City, UT.
What are key features of this property?
This property features: 5.18‑acre manufacturing site with a 3,840 SF existing building; M‑2 zoning designated for heavy manufacturing; Fenced yard provides secured outdoor area
