Tooele Office/Warehouse Buildings on
1188 W Utah Ave Tooele, UT 84074
1188 W Utah Ave, Tooele, UT, 84074
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For Sale
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83,000 SF office/warehouse buildings on 54.21 acres in Tooele.
Property Size83,000 SF
Lot Size54.21 Acres
Price / SF$150.60
Days on Market774
Property Features for 1188 W Utah Ave
General Information
- Standard status
- Active
- Size
- 83,000 SF
- Lot size
- 54.21 Acres
- Property subtype
- Industrial
Listing Agency
Newmark Mountain West
Listed by
Eli Priest · License #UT 8054624-SA00
Source
Crexi
Added: Jun 6, 2024 Checked: Jul 19 at 4:48 am
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.
Located at 1188 W. Utah Ave. in Tooele, UT, this property presents an owner-user opportunity. It features three buildings, including office and warehouse spaces, totaling 83,000 square feet on a 54.21-acre lot. The property has frontage on Utah Avenue and offers access to Main Street and I-80. The main office building provides 4,000 square feet of space, including private offices, restrooms, and a conference room. The two warehouse buildings each offer over 37,000 square feet of space and are equipped with EOD levelers and ample power supply. The location provides proximity to major freeways. The property is situated in a state recognized for its economic outlook and business environment, with job growth and population increase.
Key Highlights
- 83,000 SF of office/warehouse space across three buildings.
- Large 54.21‑acre lot with frontage on Utah Avenue.
- Convenient access to Main Street and I‑80.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $826.7k | $9.96 |
| − Vacancy | −$20.7k | −$0.25 |
| EGI | $806.0k | $9.71 |
| − OpEx | −$120.9k | −$1.46 |
| NOI | $685.1k | $8.25 |
83,000 SF · lease $9.96/SF/yr · vacancy 2.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$17.19M
$15.04M – $20.06M
NOI $1,203,417 @ 7.0% cap · market cap 9.63%
Second Best
Warehouse
$9.79M
$8.56M – $11.42M
NOI $685,111 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$22.36M
$19.57M – $26.09M
NOI $1,565,298 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
Similar Off Market Nearby
- Central Storage — 342 N 50 W, Tooele, UT 84074
FAQs
What type of property is this?
Warehouse - 83,000 SF office/warehouse buildings on 54.21 acres in Tooele.
Where is this warehouse located?
The property is located at 1188 W Utah Ave Tooele, UT.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 83,000 SF of office/warehouse space across three buildings.; Large 54.21‑acre lot with frontage on Utah Avenue.; Convenient access to Main Street and I‑80.
