Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    337 Main St Cedar City, UT 84720
    Back to Search
    Property profile & analytics

    337 Main St, Cedar City, UT 84720

    View on Map
    • Office Spaces
    • 17,148 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Robert Winterton, Criminal Defense Lawyer / Law Firm
    • Aaron Shakespear / Loan Service / Bank
    • Heaton Financial / Financial Advisor
    • Cedar Professional Plaza / Business Service Center / Corporate Office
    • Home Loans With Dave / Loan Service / Bank

    Property Details for 337 Main St

    Year built
    1996
    Lot size
    1.00 lot acres
    Property type
    Office Spaces

    Description

    This exceptional commercial office space, located at 337 S Main St in Cedar City, UT 84720, offers a fantastic opportunity for businesses seeking a well-maintained and conveniently located workspace. The Cedar Professional Plaza is a two-story, 17,148 square foot building constructed in 1996, situated on one acre of land. The building features a convenient elevator. Currently, there is office space available ranging from 395 to 1,800 square feet, perfect for a variety of business needs. One particular suite, located on the ground floor, offers 1800 square feet of space and includes five offices, a kitchen, a bathroom, elevator access, and its own private side entry. This suite is also adaptable and can be subdivided to accommodate smaller tenants. The monthly rent for the 1800 sq ft suite is $1759.00, and common area maintenance (CAM) charges are included. The building's prime location in Cedar City provides excellent visibility and accessibility. This is an ideal opportunity to establish or expand your business in a thriving Utah community. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar City
    County
    Iron
    State
    Utah
    Longitude
    -113.061
    Latitude
    37.6714

    Comparable in this City

    • Value Estimation by Request
      542,758 SF

      4800 Ut-56

      Office Spaces
      4800 Ut-56, Cedar City, UT 84720
      View Details
    • Value Estimation by Request
      7.89 Acres

      1500 Providence Center Dr

      Land
      1500 Providence Center Dr, Cedar City, UT 84720
      View Details
    • Value Estimation by Request

      900 5300

      Land
      900 5300, Cedar City, UT 84720
      View Details
    • Value Estimation by Request
      21.94 Acres

      8 Cedar Trl Rdo

      Land
      8 Cedar Trl Rdo, Cedar City, UT 84720
      View Details
    • Value Estimation by Request
      50.77 Acres

      10 Cedar Trl Rdo

      Land
      10 Cedar Trl Rdo, Cedar City, UT 84720
      View Details
    • Value Estimation by Request
      107.40 Acres

      14 Cedar Trl Rdo

      Land
      14 Cedar Trl Rdo, Cedar City, UT 84720
      View Details

    Similar Nearby for Sale

    • $5,000,000

      Main Street Commercial Office Building

      Three-level office building on Main Street with ample parking.
      444 S Main St, Cedar City, UT 84720
      View Details
    • $780,000
      0.03 Acres

      Downtown Cedar City Retail/Office Space

      Income-producing retail/office space in downtown Cedar City.
      28 N 100 W, Cedar City, UT 84720
      View Details
    • $5,000,000
      11,264 SF

      Cedar City Commercial Property

      Prime commercial location on Main Street in Cedar City.
      444 S Main St, Cedar City, UT 84720
      View Details
    • $2,900,000
      15,000 SF

      Commercial Property with Freeway Visibility

      High-traffic commercial lot with climate-controlled building, ready November 2025.
      3709 S 5650 W, Cedar City, UT 84720
      View Details
    • $90,000
      2.57 Acres

      Cedar City Vacant Land

      2.57 acre residential lot with utilities available.
      714 E Cedar Highlands Dr, Cedar City, UT 84720
      View Details
    • $210,000
      0.53 Acres

      Premium Homesite in Cedar City

      0.53-acre homesite with mountain views in desirable neighborhood.
      W Est Dr, Cedar City, UT 84720
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      12,000 SF

      Prime Commercial Space in Cedar

      Versatile 3,311 SF commercial space in desirable location.
      444 S Main Unit St, Cedar City, UT 84720
      View Details
    • Contact for pricing
      12,632 SF

      Downtown Cedar City Office Space

      Prime downtown office space with Main Street view available for rent.
      91 N Main St, Cedar City, UT 84720
      View Details
    • $2.00 SF/Yr
      20,000 SF

      Cedar City Office Space

      Office space available for lease in Cedar City, Utah.
      990 S Main St, Cedar City, UT 84720
      View Details
    • $7,500 /Mo
      15,000 SF

      Cedar City Industrial Flex Space

      7,500 SF climate-controlled shop for lease in Cedar City.
      3709 S 5650 W, Cedar City, UT 84720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    337 Main St
    Cedar City, UT 84720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    337 Main St, Cedar City, UT, 84720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!