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    405 500 Salt Lake City, UT 84103

    Sponsored
    For Lease
    $15 SF/Yr ($15,437 /Mo)

    12,350 SF Manufacturing/Warehouse

    Lot size:
    12,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 12,350-square-foot industrial property, located in downtown Salt Lake City, offers a versatile space ideal for manufacturing, flex, warehouse, distribution, or R&D operations. The single-tenant building boasts 10,395 square feet currently available for lease, comprising approximately 2,610 square feet of office space and 7,785 square feet of warehouse space. The lease rate is $1.25 per square foot, NNN, with availability starting June 1, 2024. Key features include a private fenced yard, enhancing security and providing ample outdoor space. The building features two 12' x 14' grade-level doors, capable of drive-through access, and a generous 20' clear height ceiling. The property benefits from 3-phase heavy power, fire suppression systems, and a masonry construction. Recent upgrades include a new roof (2022) and new LED lighting throughout the warehouse. Built in 1977, this Class C building offers convenient access to I-15 and Legacy Highway, ensuring efficient transportation and logistics. The property is a single-story structure.

    Property Features for 405 500

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,350 SF
    Class
    C
    Total Rate
    15437.5

    Building Details

    Year Built
    1977
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    10,395 SF
    Rate per SF
    $15

    HighLights

    • 10,395 SF available for lease (approx. 2,610 SF office, 7,785 SF warehouse).
    • Lease rate: $1.25/SF, NNN.
    • Available June 1, 2024.
    • Private fenced yard.
    • Two 12' x 14' grade‑level drive‑through doors; 20' clear height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Best Distributing Amusement ... Amusement Machine Supplier

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.90274110491
    Latitude
    40.780191969066

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    FAQs

    What type of property is this?
    Life science property - 12,350 SF Manufacturing/Warehouse
    Where is this life science property located?
    The property is located at 405 500 Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 10,395 SF available for lease (approx. 2,610 SF office, 7,785 SF warehouse).; Lease rate: $1.25/SF, NNN.; Available June 1, 2024.
    Request Owner's contact information
    405 500 Salt Lake City, UT 84103
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    Realmo Value Estimation

    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.

    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.

    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
    405 500 Salt Lake City, UT 84103
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