Flex Space with Paved
For Sale
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6327 Crimson View Dr, South Jordan, UT 84009
Recently built flex property combines cooled warehouse and office areas with fenced yard space and multi-tenant conversion capability.
Property Size9,340 SF
Lot Size1.03 Acres
Price / SF$283.73
Days on Market370
Property Features for 6327 Crimson View Dr
General Information
Standard status
Active
Size
9,340 SF
Lot size
1.03 Acres
Property subtype
INDUSTRIAL
Zoning
P-C
Warehouse & Industrial
Clear Height
28 ft
Warehouse Space
4,778 SF
Drive-In Doors
2
Power
400 amps
Voltage
208 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Amenities
double break-rooms
epoxy floors
Washer/Dryer Hook-ups
Wash Basins
Building Details
Year Built
2022
Construction
masonry
Listing Agency:
Mountain West - Corporate
(801) 578-5588
Listed By:
Dodge Andersen
(801) 428-7286
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:03AM
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 Mountain West - Corporate
Investment Insights
Based on property information with market context.
Constructed in 2022, this 9,340-square-foot flex property combines a 4,778 SF warehouse with 4,562 SF of office and mezzanine area. The building is cooled throughout and includes two break rooms, epoxy flooring, washer/dryer hookups, wash basins, and existing equipment that may be included. Its configuration was designed for conversion to multiple tenant spaces.
The property occupies 1.03 acres and includes a fenced, paved yard. Preliminary approval is in place to double the building footprint, providing a defined path for future expansion. Industrial functionality includes 3-phase, 208/120v, 400a power, clear heights reaching 28 feet, and two grade-level loading doors measuring 14x14 and 18x13. Zoning is P-C (Planned Community).
The property occupies 1.03 acres and includes a fenced, paved yard. Preliminary approval is in place to double the building footprint, providing a defined path for future expansion. Industrial functionality includes 3-phase, 208/120v, 400a power, clear heights reaching 28 feet, and two grade-level loading doors measuring 14x14 and 18x13. Zoning is P-C (Planned Community).
Key Highlights
- 9,340 Total Square Feet: 4,778 SF warehouse and 4,562 SF office/mezzanine
- 1.03 Acres with preliminary approval to double the building footprint
- 3‑Phase, 208/120v, 400a power service
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
$146,640
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
5.53%
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%
$2,932,800
$2.9M
Cap Rate 7%
$2,094,857
$2.1M
Cap Rate 9%
$1,629,333
$1.6M
Market Conditions
NOI Build-Up for 9,340 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
$238.7K $25.56/SF
− Vacancy
−$13.1K −$1.41/SF
EGI
$225.6K $24.15/SF
− OpEx
−$79.0K −$8.45/SF
NOI
$146.6K $15.70/SF
Area
Salt Lake County, UT
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
35.00%
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%
$2,932,800
Cap Rate 7%
$2,094,857
Cap Rate 9%
$1,629,333
Alternative Uses
Best Use
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,640 @ 7.0% cap · market cap 5.53%
Second Best
Office B
$1.93M
$1.69M – $2.26M
NOI $135,421 @ 7.0% cap · market cap 5.11%
Theoretical Best
Multifamily LT 5
$124.37M
$108.82M – $145.09M
NOI $8,705,588 @ 7.0% cap · market cap 328.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 84009, UT
38,347
Population
12,873
Households
3
Avg Household Size
31
Median Age
47%
College-Educated
98%
High-School Grad
10.7 sq mi
ZIP Area
3,584
Density / Sq Mi
$130,559
Median Household Income
$61,793
Median Earnings
$1,857
Median Rent
$570,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Recently built flex property combines cooled warehouse and office areas with fenced yard space and multi-tenant conversion capability.
Where is this flex space located?
The property is located at 6327 Crimson View Dr South Jordan, UT.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 9,340 Total Square Feet: 4,778 SF warehouse and 4,562 SF office/mezzanine; 1.03 Acres with preliminary approval to double the building footprint; 3‑Phase, 208/120v, 400a power service
