Flex Space with Office and
New
For Sale
$2,250,000
875 E Hwy 193, Layton, UT 84040
A corner-lot industrial property offers substantial office and warehouse areas, with M-1 zoning for manufacturing and flex uses.
Property Size14,700 SF
Price / SF$153.06
Days on Market4
Property Features for 875 E Hwy 193
General Information
Standard status
Active
Size
14,700 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
M-1
Warehouse & Industrial
Clear Height
15 ft
Warehouse Space
9,900 SF
Office Build-Out
7,800 SF
Dock-High Doors
1
Building Details
Year Built
1989
Building Size
14,700 SF
Listing Agency:
Kw Westfield
Listed By:
Wiser Real Estate
(801) 930-0214
Source:
Wiserhomesearch
Added: Oct 21
Changed: Oct 23
Last Checked: Aug 26 at 1:01PM
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 Kw Westfield
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Investment Insights
Based on property information with market context.
This 14,700-square-foot flex property, built in 1989, combines 7,800 square feet of office space with 9,900 square feet of warehouse area. The building includes one dock-high door and 15-foot clear height. Google Fiber is available, and the site has 30 surface parking stalls.
The property occupies a corner lot on 3000 N. Its M-1 zoning allows a range of manufacturing and flex industrial uses.
The property occupies a corner lot on 3000 N. Its M-1 zoning allows a range of manufacturing and flex industrial uses.
Key Highlights
- 14,700 square feet total: 7,800 SF office and 9,900 SF warehouse
- One dock‑high door and 15‑foot clear height
- 30 surface parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,868
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,957,360
$4.0M
Cap Rate 7%
$2,826,686
$2.8M
Cap Rate 9%
$2,198,533
$2.2M
Market Conditions
NOI Build-Up for 14,700 SF
Gross rent
$322.8K $21.96/SF
− Vacancy
−$18.4K −$1.25/SF
EGI
$304.4K $20.71/SF
− OpEx
−$106.5K −$7.25/SF
NOI
$197.9K $13.46/SF
Area
Davis County, UT
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,957,360
Cap Rate 7%
$2,826,686
Cap Rate 9%
$2,198,533
Alternative Uses
Best Use
Flex RnD
$2.83M
$2.47M – $3.30M
NOI $197,868 @ 7.0% cap · market cap 8.79%
Second Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,318 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,656 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
15 ft
Clear height
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84040, UT
26,687
Population
9,454
Households
2.8
Avg Household Size
35
Median Age
46%
College-Educated
97%
High-School Grad
24.2 sq mi
ZIP Area
1,103
Density / Sq Mi
$123,297
Median Household Income
$55,607
Median Earnings
$1,796
Median Rent
$486,300
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A corner-lot industrial property offers substantial office and warehouse areas, with M-1 zoning for manufacturing and flex uses.
Where is this flex space located?
The property is located at 875 E Hwy 193 Layton, UT.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 14,700 square feet total: 7,800 SF office and 9,900 SF warehouse; One dock‑high door and 15‑foot clear height; 30 surface parking stalls
