Tooele Warehouse with Large
For Sale
Contact for pricing
952 N 1000 W, Tooele, UT 84074
12,000 SF warehouse on 2.11 acres for sale.
Property Size12,000 SF
Lot Size2.11 Acres
Price / SF$200
Days on Market952
Property Features for 952 N 1000 W
General Information
Standard status
Active
Size
12,000 SF
Class
B
Lot size
2.11 Acres
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Building Details
Year Built
2024
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
CENTURY 21 Everest
Listed By:
Lila Jessop · License #8941754-AB00
(801) 633-3203
Source:
Crexi
Added: Jan 24, 2024
Changed: Aug 19
Last Checked: Sep 2 at 8:30AM
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 CENTURY 21 Everest
Investment Insights
Based on property information with market context.
This stand-alone building offers 12,000 square feet of available space. The property is situated on a 2.11-acre lot and features a clear height of 20 feet. The interior provides a clear span layout with two small truss supporting walls. It includes four grade-level doors, each measuring 16 feet by 14 feet. The building has two meters. Please note that the property is quietly marketed, and tenants are currently on a month-to-month lease.
Key Highlights
- 12,000 SF Available in a stand‑alone building.
- Four (4) Grade Level (GL) Doors (16’x14’).
- Clear Height: 20’ and Clear Span.
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
$99,052
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
4.13%
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%
$1,981,040
$2.0M
Cap Rate 7%
$1,415,029
$1.4M
Cap Rate 9%
$1,100,578
$1.1M
Market Conditions
NOI Build-Up for 12,000 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
$119.5K $9.96/SF
− Vacancy
−$3.0K −$0.25/SF
EGI
$116.5K $9.71/SF
− OpEx
−$17.5K −$1.46/SF
NOI
$99.1K $8.25/SF
Area
Tooele County, UT
Vacancy
2.50%
Lease Rate
$9.96 /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%
$1,981,040
Cap Rate 7%
$1,415,029
Cap Rate 9%
$1,100,578
Alternative Uses
Best Use
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,052 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$1.12M
$984.1K – $1.31M
NOI $78,728 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,308 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84074, UT
55,001
Population
18,128
Households
3
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$102,313
Median Household Income
$47,385
Median Earnings
$1,197
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 SF warehouse on 2.11 acres for sale.
Where is this warehouse located?
The property is located at 952 N 1000 W Tooele, UT.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12,000 SF Available in a stand‑alone building.; Four (4) Grade Level (GL) Doors (16’x14’).; Clear Height: 20’ and Clear Span.
