Designable Flex Space with Loft
814 N 2475 W, Cedar City, UT 84721
For Sale
$599,000
Commercial Sale, Cedar City, UT
Property Size4,500 SF
Lot Size0.34 Acres
Price / SF$133.11
Days on Market289
Property Features for 814 N 2475 W
General Information
Property type
Property subtype
Zoning description
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Listing Agency:
PRESTIGE REALTY
Listed By:
JENNIE HENDRICKS · License UT 5483612-PB00
(435) 590-1426
Added: Jan 30
Changed: Nov 2
Last Checked: Nov 14 at 12:06AM
MLS# 26-268595
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Units C and D offer flex space with interiors that can be configured to suit operational requirements, along with loft areas. Each unit includes a reinforced 6-inch concrete slab, a full finished bathroom, natural gas, hot and cold water spigots, and a 200 Amp single-phase electrical panel. Electrical capacity also includes two 50 Amp 220 V outlets per unit.
The building provides an 18-foot eave height and a 23-foot ceiling height at the center ridge. Each unit has one 10' x 14' insulated garage door, one 10' x 10' insulated garage door, and a 25 x 20 rear fenced yard. Interior LED lighting and perimeter LED security lighting are included. Built in 2026, the property is located in Cedar City, Utah.
The building provides an 18-foot eave height and a 23-foot ceiling height at the center ridge. Each unit has one 10' x 14' insulated garage door, one 10' x 10' insulated garage door, and a 25 x 20 rear fenced yard. Interior LED lighting and perimeter LED security lighting are included. Built in 2026, the property is located in Cedar City, Utah.
Key Highlights
- Units C and D with designable interiors and loft areas
- Reinforced 6'' concrete slab in each unit
- One 10' x 14' and one 10' x 10' insulated garage door per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,089
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,780
$841.8K
Cap Rate 7%
$601,271
$601.3K
Cap Rate 9%
$467,656
$467.7K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$50.2K $11.16/SF
− Vacancy
−$703 −$0.16/SF
EGI
$49.5K $11.00/SF
− OpEx
−$7.4K −$1.65/SF
NOI
$42.1K $9.35/SF
Area
Iron County, UT
Vacancy
1.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,780
Cap Rate 7%
$601,271
Cap Rate 9%
$467,656
Alternative Uses
Best Use
Warehouse
$601.3K
$526.1K – $701.5K
NOI $42,089 @ 7.0% cap · market cap 7.03%
Second Best
Industrial
$495.2K
$433.3K – $577.7K
NOI $34,662 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$919.0K
$804.2K – $1.07M
NOI $64,333 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Well-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
$345,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Cedar City, UT
Properties on Market for Flex space in Cedar City
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - New flex property with adaptable interiors, dedicated utility connections, and finished bathrooms.
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 $599,000.
What are key features of this property?
This property features: Units C and D with designable interiors and loft areas; Reinforced 6'' concrete slab in each unit; One 10' x 14' and one 10' x 10' insulated garage door per unit
