Renovated Flex Space With
New
For Sale
$689,900
911 N 2175 W, Cedar City, UT 84721
Industrial park property combines warehouse capacity, office amenities, showroom space, and upgraded utility features.
Property Size3,200 SF
Price / SF$215.59
Days on Market2
Property Features for 911 N 2175 W
General Information
Standard status
Active
Size
3,200 SF
Building Details
Year Built
2005
Listing Agency:
Re/Max Properties
Listed By:
JARED ZIMMER · License #6013367-PB00
(435) 865-7600
Source:
Utahluxuryhometeam
Added: Sep 13
Last Checked: Sep 13 at 3:12PM
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 Re/Max Properties
Investment Insights
Based on property information with market context.
This renovated flex space includes approximately 3,200 square feet, with about 2,400 square feet configured for warehouse use. The 800-square-foot main level adds offices, a bathroom, break room and kitchenette, reception area, and retail showroom. A separate approximately 600-square-foot mezzanine expands the property’s shop, office, or storage capacity. The warehouse offers 18-foot ceilings, a 12-foot garage door, and both 220V and 110V power. A sealed driveway and parking area serve the building.
Located within Coal Creek Industrial Park at 911 N 2175 W in Cedar City, the property was built in 2005 and renovated for flexible commercial use. Its combination of production, storage, administrative, and showroom areas supports a range of owner-user or investment-oriented configurations.
Located within Coal Creek Industrial Park at 911 N 2175 W in Cedar City, the property was built in 2005 and renovated for flexible commercial use. Its combination of production, storage, administrative, and showroom areas supports a range of owner-user or investment-oriented configurations.
Key Highlights
- Approximately 3,200 square feet with about 2,400 square feet of warehouse area
- 800‑square‑foot main level with office, showroom, reception, bathroom, and kitchenette areas
- Approximately 600‑square‑foot mezzanine for shop, office, or storage use
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
$29,930
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
4.34%
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%
$598,600
$598.6K
Cap Rate 7%
$427,571
$427.6K
Cap Rate 9%
$332,556
$332.6K
Market Conditions
NOI Build-Up for 3,200 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
$35.7K $11.16/SF
− Vacancy
−$500 −$0.16/SF
EGI
$35.2K $11.00/SF
− OpEx
−$5.3K −$1.65/SF
NOI
$29.9K $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 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%
$598,600
Cap Rate 7%
$427,571
Cap Rate 9%
$332,556
Alternative Uses
Best Use
Warehouse
$427.6K
$374.1K – $498.8K
NOI $29,930 @ 7.0% cap · market cap 4.34%
Second Best
Retail
$413.1K
$361.5K – $482.0K
NOI $28,918 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$653.5K
$571.9K – $762.5K
NOI $45,748 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Industrial park property combines warehouse capacity, office amenities, showroom space, and upgraded utility features.
Where is this flex space located?
The property is located at 911 N 2175 W Cedar City, UT.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Approximately 3,200 square feet with about 2,400 square feet of warehouse area; 800‑square‑foot main level with office, showroom, reception, bathroom, and kitchenette areas; Approximately 600‑square‑foot mezzanine for shop, office, or storage use
