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    5653 S 6055 W West Valley City, UT 84118

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    For Lease
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    New construction flex spaces in West Valley City for lease.

    Type:Industrial
    Property size:
    15,180 SF
    Added:
    Aug 22, 2024
    Days on Market:
    607
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 5653 S 6055 W

    General Information

    Standard status
    Active
    Size
    15,180 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 5653 S 6055 W Contact us

    Building 5649 $17 /Mo

    Size
    Type
    Industrial
    Building 5649 is a 15,180 SF building with 10 units. Each available 1,518 unit has...
    show more
    Contact us

    Building 5669 $16 /Mo

    Size
    Type
    Industrial
    Building 5669 is a 9,108 SF building with 6 units. Each available 1,518 unit has...
    show more
    Contact us

    Building 5683 $17 /Mo

    Size
    Type
    Industrial
    Building 5683 is a 9,108 SF building with 6 units. Each available 1,518 unit has...
    show more
    Contact us

    We can help!

    Listing Contact
    Elliot Abel

    Listing agent Elliot Abel License #UT 94166337-SA00

    Listing office Investment Realty Advisors

    Listing date Aug 22, 2024

    Source Crexi

    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 Investment Realty Advisors

    Overview

    West Valley City Flex Space

    Mountain View Flex is a to-be-built industrial flex property situated in the West Valley City manufacturing neighborhood. Construction has begun on this 45,540 square foot development, located at 5653 S 6055 W, West Valley City, UT 84118. The property offers 1,518 square foot flex spaces, with the option to lease up to 15,180 square feet. Tenant improvements are negotiable. Each unit includes a heater, a private office, and a private bathroom, featuring a 14% office/warehouse ratio. The property provides 47 parking spaces, including 4 ADA compliant stalls. Every unit will be equipped with at least 200 amps and 3 phase power, with the possibility to have up to 400 amps. The zoning is Manufacturing, permitting a wide variety of uses. Completion is scheduled for Q3 2025. Lease terms of 3 to 10 years are being considered. Mountain View Flex is located with close access to Mountain View Highway and Bangerter Highway.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm Auto Repair Shop Big Box & Wholesale Store Department Store

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

    Similar Places Nearby

    • El Caribe Catering — 5600 W 5400 S, Kearns, UT 84118

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.034794
    Latitude
    40.651092

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    FAQs

    What type of property is this?
    Flex space - New construction flex spaces in West Valley City for lease.
    Where is this flex space located?
    The property is located at 5653 S 6055 W West Valley City, UT.
    What are key features of this property?
    This property features: New construction industrial flex spaces in a desirable West Valley City manufacturing neighborhood.; Flexible space options ranging from 1,518 to 15,180 square feet.; Convenient access to Mountain View Highway and Bangerter Highway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Elliot Abel
    Real Estate License ID: UT 94166337-SA00
    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.

    More about this property
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