Designable Flex Space For
For Sale
Contact for pricing
814 N 2475 W, Cedar City, UT 84721
Flex space with designable interior and loft areas available.
Property Size1,500 SF
Price / SF$200
Days on Market154
Property Features for 814 N 2475 W
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Industrial
Zoning
I-M-1
Building Details
Year Built
2026
Listing Agency:
Prestige Realty
(801) 599-1206
Listed By:
Jennie Hendricks · License #UT 5483612-PB00
Source:
Crexi
Added: Mar 8
Changed: Aug 8
Last Checked: Aug 8 at 6:37AM
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 Prestige Realty
Investment Insights
Based on property information with market context.
This flex space offers units available in sizes of 1500 SF, 3000 SF, 4500 SF, or 6000 SF, featuring a completely designable interior and loft areas. The property includes a reinforced 6'' concrete slab, one 10' x 14' insulated garage door, and one 10' x 10' insulated garage door per unit. Each unit is equipped with natural gas, hot and cold water spigots, a 200 Amp single-phase electrical panel, and two 50 Amp 220 V outlets. The eave height is 18', with a ceiling height of 23' at the center ridge. Each unit also features a 25 x 20 rear fenced yard and a full finished bathroom. The property includes an interior LED light package and outside LED security lights around the total perimeter.
Key Highlights
- Designable interior and loft areas (1500 SF to 6000 SF available)
- Enjoy a 25 x 20 rear fenced yard
- Full finished bathroom
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
$11,554
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
3.85%
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%
$231,080
$231.1K
Cap Rate 7%
$165,057
$165.1K
Cap Rate 9%
$128,378
$128.4K
Market Conditions
NOI Build-Up for 1,500 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
$16.7K $11.16/SF
− Vacancy
−$234 −$0.16/SF
EGI
$16.5K $11.00/SF
− OpEx
−$5.0K −$3.30/SF
NOI
$11.6K $7.70/SF
Area
Iron County, UT
Vacancy
1.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
30.00%
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%
$231,080
Cap Rate 7%
$165,057
Cap Rate 9%
$128,378
Alternative Uses
Best Use
Industrial
$165.1K
$144.4K – $192.6K
NOI $11,554 @ 7.0% cap · market cap 3.85%
Second Best
Flex RnD
$153.3K
$134.1K – $178.8K
NOI $10,729 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$306.3K
$268.1K – $357.4K
NOI $21,444 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84721, UT
27,329
Population
9,638
Households
2.8
Avg Household Size
29
Median Age
29%
College-Educated
92%
High-School Grad
186.9 sq mi
ZIP Area
146
Density / Sq Mi
$73,342
Median Household Income
$30,662
Median Earnings
$1,076
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with designable interior and loft areas available.
Where is this flex space located?
The property is located at 814 N 2475 W Cedar City, UT.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Designable interior and loft areas (1500 SF to 6000 SF available); Enjoy a 25 x 20 rear fenced yard; Full finished bathroom
