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Property profile & analytics
OFF-MARKET
Warehouses

3500 Hwy Heber City, UT 84032

48,000 SF 3.36 ac lot Built 2024
Property ID
Property summary
AI-generated overview

Nico Business Park offers prime industrial space for lease, ideally situated off Highway 40. This Class A, 48,000 square foot building, constructed and renovated in 2024, features a mix of manufacturing, flex, warehouse, and R&D space. The property sits on a 3.36-acre lot and boasts 9 drive-in doors, 53+ parking spaces, and a single industrial elevator servicing both floors. The building offers a flexible layout with suites ranging from 3,200 to 6,500 contiguous square feet, with a total of 7 suites. Currently, 9,700 square feet are available for lease. The main floor offers 18-foot ceilings, while the second floor provides 13-foot ceilings and an additional 24,000 square feet of climate-controlled storage (leased separately). The building is equipped with 3-phase 200-amp power. Its convenient Highway 40 location ensures easy access for transportation and logistics. The property is zoned for industrial use and has a proven track record of high demand, with several suites already leased. This presents a unique opportunity for businesses seeking modern, efficient, and well-located industrial space with potential for future expansion, as plans are in place for two additional 15,000 square foot buildings. The APN is 00-0020-4519.

Property profile
Verified
Property type Warehouses
Year built 2024
Total area 48,000 SF
Lot 3.36 ac (146,362 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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