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    Rear-Load Flex Distribution Facility Title is generated by Realmo AI

    7588 West 700 North, Salt Lake City, UT 84116

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    Under-construction rear-load flex distribution facility with high clearance, secured yard, and substantial power for demanding operations.

    Type:Industrial
    Property size:
    190,188 SF
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 1:53 am

    Property Features for 7588 West 700 North

    General Information

    Standard status
    Active
    Size
    190,188 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 7588 West 700 North Contact us

    We can help!

    Listing Contact
    Tom Dischmann

    Listing agent Tom Dischmann

    Listing office CBRE | Salt Lake City

    Listing date Jun 2, 2026

    Source Cbre

    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 CBRE | Salt Lake City

    HighLights

    • Under‑construction rear‑load/flex distribution facility totaling 190,188 SF
    • Delivering August 2026; 2,500 SF office and space divisible down to 25,200 SF
    • 32' ceiling clearance with a 6" reinforced floor slab
    • 2500‑amp power service: 277/480V, 3‑phase
    • Fully secured site with black vinyl fence and gate

    Overview

    This under-construction rear-load flex distribution facility totals 190,188 sq. ft., with office space currently planned at 2,500 sq. ft. The facility offers flexible configuration options, including the ability to divide the office component up to 25,200 sq. ft. Clear height is 32 feet, supported by a reinforced 6-inch floor slab. The site is planned as fully secured, with a black vinyl fence and gate, and includes significant electrical capacity with 2,500 amps at 277/480 volts, 3-phase service.

    Located at 7588 West 700 North in Salt Lake City, UT 84116, the building is being delivered in August 2026. The rear-load design aligns well with operations that require efficient receiving and staging through the back of the facility.

    For tenants seeking a distribution-oriented flex setup, the combination of rear-load layout, 32-foot ceiling clearance, reinforced slab, and high-capacity power supports a range of warehousing and light industrial uses while maintaining on-site office space. The secured site and controlled access add practicality for day-to-day receiving, storage, and staging needs.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Nostalgia Catering — 355 N 500 W, Salt Lake City, UT 84116

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.947
    Latitude
    40.8067

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    FAQs

    What type of property is this?
    Flex space - Under-construction rear-load flex distribution facility with high clearance, secured yard, and substantial power for demanding operations.
    Where is this flex space located?
    The property is located at 7588 West 700 North Salt Lake City, UT.
    What are key features of this property?
    This property features: Under‑construction rear‑load/flex distribution facility totaling 190,188 SF; Delivering August 2026; 2,500 SF office and space divisible down to 25,200 SF; 32' ceiling clearance with a 6" reinforced floor slab
    (801) 243-9411
    We can help!
    Listing Contact
    Tom Dischmann
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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