195 500La Verkin, UT 84745

Property Details for 195 500

Year built

2005

Lot size

0.08 AC

Property size (Sq ft)

7,354 SF

Property type

Commercial real estate

APN

LV-LVBP-1

APU

LVLVBP1

Description

This exceptional commercial property in La Verkin, UT, presents a unique investment opportunity. The 4,578 square foot building comprises two units, featuring 2,720 square feet of open warehouse space with 19-foot ceilings and two 12' x 14' roll-up doors. An additional 1,128 square foot garage with a 12' x 12' roll-up door provides ample storage. The main level includes a 445 square foot office with a bathroom and kitchen, while an additional 445 square foot office is located upstairs. A 235 square foot mechanical room and a mezzanine with stairs complete the interior. The property sits on a half-acre fenced lot, secured by an electric gate, and includes five shipping containers (three 40-foot high-cube and one 20-foot). Solid concrete walls, air-conditioned offices, foam-insulated roof, and 2-200 AMP electrical service ensure functionality and comfort. The property also benefits from stubbed irrigation water and TDS internet connectivity. Located at 195 W 500 N #B, La Verkin, UT 84745 (APN: V-LVBP-6 & 7 and LV-ZOS-1), this property is zoned commercial and offers a blend of income potential and personal workspace. Some leases are currently in place.

• CAP approach

  CAP return

  Valuation

  6%

  $2,233,170

  6.5%

  $2,061,380

  7%

  $1,914,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,473,370

  Geo Method

  $1,473,370

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,929,630

  Retail / Commercial

  $2,040,300

  Mixed-Use / Specialty

  $2,052,890

  Hospitality / Lodging

  $1,532,000

  Office

  $2,061,380

  Institutional / Educational

  $2,141,280

  Residential Income

  $2,505,300

  Multifamily

  $2,894,600

  Automotive / Energy

  $1,835,380

  Parking / Income-Based Land

  $613,743

  Restaurant / Food Service

  $1,110,120

  Healthcare / Senior Housing

  $2,084,830

Location Insight

City

La Verkin

County

Washington

State

Utah

Latitude

37.2106

Longitude

-113.275

CBSA code

41100

CBSA name

ST. GEORGE, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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