Brick Workshop with 12'
802-1695 N Olsen Way West Bountiful, UT 84087
802-1695 N Olsen Way, West Bountiful, UT, 84087
$685,000
For Sale
$685,000
All-brick 50x80 shop on a half-acre lot featuring concrete floors, 14' ceilings, 12' doors, and interior plumbing.
Property Size4,000 SF
Lot Size0.50 Acres
Price / SF$171.25
Days on Market83
Property Features for 802-1695 N Olsen Way
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.50 Acres
- Property subtype
- Land
Listing agency
LPT REALTY, LLC
(801) 560-5231
Listed by
Kaden Wright
(801) 560-5231
Source
Exprealty
Added: May 1 Updated: Jul 22 at 12:16PM Checked: Jul 22 at 12:16PM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
The property includes a 50x80 all-brick shop built on a half-acre lot. The space has a concrete floor, 14' ceilings, and 12' doors. Interior improvements include a finished break room/apartment and a dedicated washer/dryer room, along with a water heater and interior plumbing. Heating is provided by propane, and the building also features a compression tank with outlets throughout.
The shop is located at 802-1695 N Olsen Way in West Bountiful, UT. The layout supports practical uses such as storage or workshop space, with the shell and site also described as suitable for recreational use or future development potential.
County-record figures are provided as a courtesy estimate only.
The shop is located at 802-1695 N Olsen Way in West Bountiful, UT. The layout supports practical uses such as storage or workshop space, with the shell and site also described as suitable for recreational use or future development potential.
County-record figures are provided as a courtesy estimate only.
Key Highlights
- Half‑acre lot with a 50x80 all‑brick shop
- Concrete floor shop with 14' ceilings and 12' doors
- Interior plumbing plus water heater and compression tank
Local 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 | $87.8k | $21.96 |
| − Vacancy | −$5.0k | −$1.25 |
| EGI | $82.8k | $20.71 |
| − OpEx | −$29.0k | −$7.25 |
| NOI | $53.8k | $13.46 |
4,000 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$769.2K
$673.0K – $897.4K
NOI $53,842 @ 7.0% cap · market cap 7.86%
Second Best
Warehouse
$428.8K
$375.2K – $500.3K
NOI $30,019 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$923.8K
$808.4K – $1.08M
NOI $64,668 @ 7.0% cap · market cap 9.44%
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 - All-brick 50x80 shop on a half-acre lot featuring concrete floors, 14' ceilings, 12' doors, and interior plumbing.
Where is this flex space located?
The property is located at 802-1695 N Olsen Way West Bountiful, UT.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Half‑acre lot with a 50x80 all‑brick shop; Concrete floor shop with 14' ceilings and 12' doors; Interior plumbing plus water heater and compression tank
