Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1032 2610 South Salt Lake, UT 84119

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    20,000 SF Warehouse, Ideal Location

    Lot size:
    20,000 SF

    Property Features for 1032 2610

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    1583.33

    Building Details

    Year Renovated
    1974

    Spaces For Lease

    at 1032 2610, South Salt Lake, UT 84119 Contact us
    Unit

    $0.95 /Mo

    Size
    20,000 SF
    Contact us

    We can help!

    Listing Contact
    Don Enlow
    Don Enlow

    Listing Agency: Colliers - Salt Lake City, Utah Listing Agent: Don Enlow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 20,000-square-foot warehouse, situated in Salt Lake County, presents a significant opportunity for businesses seeking ample space and efficient operations. The property boasts a single-tenant occupancy, offering complete control and flexibility. The warehouse itself comprises 18,500 square feet, complemented by 1,500 square feet of office space, providing a practical blend of storage and administrative areas. The high ceilings, measuring 20 feet, maximize vertical space and accommodate various storage solutions. Loading and unloading are streamlined with three dock-high doors, two equipped with edge levelers, and a convenient 10' x 12' ramped roll-up door. The property features robust 3-phase 240V, 225-amp power, ensuring sufficient electrical capacity for demanding operations. Heating is provided by a gas-forced system, while energy-efficient sensor LED lighting illuminates the warehouse. The property was renovated in 1974. Currently available via sublease, this space offers a competitive sublease rate of $0.95 per square foot, NNN, with the term extending through May 2034. This warehouse is ideally suited for a variety of industrial uses and offers a compelling combination of size, functionality, and location within Salt Lake County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9222664
    Latitude
    40.7150362

    Nearby Similar for Lease

    • $3,250 /Mo

      South Salt Lake Flex Warehouse

      2,100 SF flex/warehouse with fenced yard for lease.
      196 W Malvern Ave, South Salt Lake, UT 84115
      View Details
    • Contact for pricing
      46,800 SF

      South Salt Lake Warehouse Space

      Warehouse space with easy access to major transportation routes.
      989-999 West South Brg South, South Salt Lake, UT 84119
      View Details
    • $1.00 SF/Yr

      South Salt Lake Warehouse Space

      Warehouse with office space and easy freeway access.
      2530 West Temple South, South Salt Lake, UT 84115
      View Details
    • Contact for pricing
      7,440 SF

      Warehouse with I-15 Exposure

      Centrally located warehouse with high visibility and easy access.
      380 West South Brg South, South Salt Lake, UT 84115
      View Details
    • Contact for pricing
      20,000 SF

      South Salt Lake Warehouse Space

      20,000 SF warehouse with office space for sublease.
      1030 West 2610 South, South Salt Lake, UT 84119
      View Details
    • $26 SF/Yr
      50,000 SF

      One Burton Retail: Prime Space

      Downtown Salt Lake Retail Opportunity: 7,100 SF Available
      1 Burton Ave, South Salt Lake, UT 84115
      View Details
    • Contact for pricing
      1,709 SF

      Retail Space in Millcreek

      Retail space available in a walkable, mixed-use Millcreek location.
      3092 Rd, South Salt Lake, UT
      View Details
    • $15 SF/Yr
      51,590 SF

      Wasatch Medical Office Space Available

      Prime South Salt Lake medical office space.
      3702 State St, South Salt Lake, UT 84115
      View Details
    • $14 SF/Yr
      9,000 SF

      Prime Salt Lake City Office Space

      Central location, flexible suites, 9,000 sqft total.
      2880 Main St, South Salt Lake, UT 84115
      View Details

    FAQs

    What type of property is this?
    Distribution center - 20,000 SF Warehouse, Ideal Location
    Where is this distribution center located?
    The property is located at 1032 2610 South Salt Lake, UT.
    What is the lease rate?
    The lease rate is $0.95 SF/Yr.
    What are key features of this property?
    This property features: 20,000 square foot industrial warehouse in Salt Lake County.; Single-tenant occupancy.; Building features 18,500 square feet of warehouse space and 1,500 square feet of office space.
    (801) 947-8388 Call to check price and availability
    Request Owner's contact information
    1032 2610 South Salt Lake, UT 84119
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1032 2610
    South Salt Lake, UT 84119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1032 2610 South Salt Lake, UT 84119
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Don Enlow
    Don Enlow
    Real Estate License ID: 5485926-SA00
    (801) 947-8388 (801) 560-3551
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!