Flex Office and
7706 Locust Street Midvale, UT 84047
For Sale
Contact for pricing
Office and warehouse building with ample yard and flexible layout, with highway visibility from I-215.
Property Size6,200 SF
Lot Size0.70 Acres
Price / SF$233.87
Days on Market24
Property Features for 7706 Locust Street
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Lot size
- 0.70 Acres
- Property subtype
- Office
Listing Agency:
Woodley Real Estate
(801) 855-5900
Listed By:
Brycen Woodley · License #10251493-SA00
Source:
Crexi
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 23 at 4:08AM
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 Woodley Real Estate
Investment Insights
Based on property information with market context.
This flex office and warehouse property combines office space and warehouse space with additional outdoor yard. The offering includes 4,200 square feet of office space and 2,000 square feet of warehouse space on 0.70 acres. The office area is arranged with 2,100 RSF on the main floor and an additional 2,100 RSF in the basement, creating flexible indoor configuration for a range of day-to-day needs.
The property is located at 7706 Locust Street in Midvale, Utah, with highway access and visibility from I-215.
Overall, the layout supports both office functions and warehouse use, supported by the available yard space for operations that benefit from outdoor area.
The property is located at 7706 Locust Street in Midvale, Utah, with highway access and visibility from I-215.
Overall, the layout supports both office functions and warehouse use, supported by the available yard space for operations that benefit from outdoor area.
Key Highlights
- 4,200 sq ft of office space plus 2,000 sq ft of warehouse space
- 2,100 RSF on the main floor with an additional 2,100 RSF in the basement
- Flexible office and warehouse layout with additional yard space on 0.70 acres
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.5k | $25.56 |
| − Vacancy | −$8.7k | −$1.41 |
| EGI | $149.8k | $24.15 |
| − OpEx | −$52.4k | −$8.45 |
| NOI | $97.3k | $15.70 |
6,200 SF · lease $25.56/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.22M – $1.62M
NOI $97,341 @ 7.0% cap · market cap 6.71%
Second Best
Office B
$1.28M
$1.12M – $1.50M
NOI $89,894 @ 7.0% cap · market cap 6.20%
Theoretical Best
Multifamily LT 5
$82.56M
$72.24M – $96.31M
NOI $5,778,870 @ 7.0% cap · market cap 398.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Office and warehouse building with ample yard and flexible layout, with highway visibility from I-215.
Where is this flex space located?
The property is located at 7706 Locust Street Midvale, UT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,200 sq ft of office space plus 2,000 sq ft of warehouse space; 2,100 RSF on the main floor with an additional 2,100 RSF in the basement; Flexible office and warehouse layout with additional yard space on 0.70 acres
