Off Market
1166 S Sage Dr #4, Cedar City, UT 84720
$1,299,000
21,676 sqft
Prime Commercial in the heart of Cedar City. 6,404 sq ft of space with heavy traffic, and I-15 visibility. Semi dock makes deliveries an ease. Neighboring tenants include;(Pioneer flooring, vasa gym, megaplex movie theater, Starbucks, Cafe Rio, Brody's Mexican restaurant, Iron county board of realtors and more) This space ready to be made into retail, office space, restaurant, etc. Current tenant is on month to month and plans of moving out end of the year. Rents are (NNN triple net) with rate raises annually. Cap rate currently 6.1% but can easily be raised to 8% with new tenants. Act today and secure a piece of Cedar City's prime commercial before its too late. Office and Retail vacancies less than 2% for 2024.
Giddy Value estimate
$4,100,000
Estimated range $3,340,000 – $4,860,000, based on 8 recent nearby sales within 2 mi (medium confidence).
| Date | Estimate |
|---|---|
| 2023-09-30 | $3,725,000 |
| 2023-12-31 | $3,050,000 |
| 2024-03-31 | $2,995,000 |
| 2024-06-30 | $3,210,000 |
| 2024-09-30 | $3,790,000 |
| 2024-12-31 | $3,870,000 |
| 2025-03-31 | $2,995,000 |
| 2025-06-30 | $4,405,000 |
| 2025-09-30 | $3,510,000 |
| 2025-12-31 | $3,465,000 |
| 2026-03-31 | $3,515,000 |
| 2026-06-30 | $4,200,000 |
| 2026-08-09 | $4,100,000 |
Automated estimate from recent nearby sales — not an appraisal.
| Year built | 2000 |
|---|---|
| Lot size | 2.33 acres |
| Garage | ******** spaces |
| Stories | 1 |
| Type | Other - See Remarks |
| County | Iron County |
| MLS # | 25-258825 |
Photos (32)
Listing courtesy of ERA Realty Center.
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