Salt Lake City Warehouse
For Sale
Contact for pricing
950 2100 South, Salt Lake City, UT 84104
12,106 SF warehouse in prime Salt Lake City location.
Property Size12,106 SF
Price / SF$227.16
Days on Market89
Property Features for 950 2100 South
General Information
Standard status
Active
Size
12,106 SF
Class
C
Property subtype
Industrial
Zoning
CG
Investment Type
Owner/User
Building Details
Year Built
1979
Year Renovated
2025
Listing Agency:
Newmark Mountain West
Listed By:
Chet Barber · License #5493255-AB00
Source:
Crexi
Added: May 19
Changed: Aug 8
Last Checked: Aug 15 at 4:56AM
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 Newmark Mountain West
Investment Insights
Based on property information with market context.
This property features a 12,106 square foot warehouse situated in a prime location in Salt Lake City, specifically on 2100 South.
Key Highlights
- 12,106 square foot warehouse.
- Prime Salt Lake City location (2100 South).
- Year built: 1979.
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
$99,927
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
3.63%
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%
$1,998,540
$2.0M
Cap Rate 7%
$1,427,529
$1.4M
Cap Rate 9%
$1,110,300
$1.1M
Market Conditions
NOI Build-Up for 12,106 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
$120.6K $9.96/SF
− Vacancy
−$3.0K −$0.25/SF
EGI
$117.6K $9.71/SF
− OpEx
−$17.6K −$1.46/SF
NOI
$99.9K $8.25/SF
Area
Salt Lake City, 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%
$1,998,540
Cap Rate 7%
$1,427,529
Cap Rate 9%
$1,110,300
Alternative Uses
Best Use
Warehouse
$1.43M
$1.25M – $1.67M
NOI $99,927 @ 7.0% cap · market cap 3.63%
Second Best
Industrial
$1.13M
$992.8K – $1.32M
NOI $79,423 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$3.26M
$2.85M – $3.81M
NOI $228,307 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 12,106 SF warehouse in prime Salt Lake City location.
Where is this warehouse located?
The property is located at 950 2100 South Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 12,106 square foot warehouse.; Prime Salt Lake City location (2100 South).; Year built: 1979.
