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    Office/Warehouse Flex Space Title is generated by Realmo AI

    855 S 500 W, Salt Lake City, UT 84101

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    Modern office and warehouse setup with dock-high access, high clear height, and 3-phase power for efficient operations.

    Type:Industrial
    Property size:
    46,700 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for 855 S 500 W

    General Information

    Standard status
    Active
    Size
    46,700 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1952

    Spaces For Lease

    at 855 S 500 W Contact us

    We can help!

    Listing Contact
    Michael Ferro

    Listing agent Michael Ferro License #UT 5478741-PB0

    Listing office InterNet Properties

    Listing date Jun 2, 2026

    Source Iproperties

    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 InterNet Properties

    HighLights

    • Office/warehouse built in 1952 with approx. 1,200 SF office and 45,500 SF warehouse space
    • 18' clear height to support warehouse storage and operations
    • 3‑phase/400 Amp power and LED lighting throughout
    • Dock‑high door with leveler (10' x 12') plus a ground‑level door (16' x 15')
    • Fully fire sprinklered warehouse for added safety
    • Small yard space available

    Overview

    This office/warehouse flex space is designed for a combined production and administrative workflow. The warehouse portion features approximately 18' clear height, LED lighting, and 3-phase/400 Amp power, with a fully fire-sprinklered interior. Access is supported by a dock-high door with a leveler, along with a ground-level door for versatile loading and receiving. A dedicated office area of approximately 1,200 square feet is included, and a small yard space is available to add flexibility for day-to-day operations.

    Located in Salt Lake City’s Granary District, the property is positioned for businesses that need both space to work and a practical in-and-out for materials. Two loading options help accommodate different delivery methods and operating schedules.

    This configuration can fit tenants that want an all-in-one facility without giving up operational capability—ideal for light industrial, distribution support, or companies needing office space alongside warehouse storage. The combination of high clear height, strong electrical service, and dock-level loading makes the space well-suited for teams looking for functionality and straightforward access to warehouse areas.
    Location Intelligence

    Current Use by Public Records

    Access - Scanning, Records ... Storage Facility

    Suggested Use

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

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

    Similar Places Nearby

    • Shell Roni Custom Catering — 1337 S Main St, Salt Lake City, UT 84115
    • LUX Annex — Salt Lake City, UT 84115
    • Flavors Catering — 1000 S Main St, Salt Lake City, UT 84101
    • Fleur de Sel Private Chef and Catering — 131 Fremont Ave S, Salt Lake City, UT 84101
    • Taro Patch Catering — 1020 S Main St, Salt Lake City, UT 84101

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.866227
    Latitude
    40.759005

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    FAQs

    What type of property is this?
    Flex space - Modern office and warehouse setup with dock-high access, high clear height, and 3-phase power for efficient operations.
    Where is this flex space located?
    The property is located at 855 S 500 W Salt Lake City, UT.
    What are key features of this property?
    This property features: Office/warehouse built in 1952 with approx. 1,200 SF office and 45,500 SF warehouse space; 18' clear height to support warehouse storage and operations; 3‑phase/400 Amp power and LED lighting throughout
    (801) 554-3002
    We can help!
    Listing Contact
    Michael Ferro
    Real Estate License ID: UT 5478741-PB0
    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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