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29985611
29985610

1075 75 E, Richfield, UT 84701 For Sale

DB
UT 12677584-SA00
David Busk - Account
Listed by David Busk - Account
$1,300,000
144 days on market
Updated 27 days ago

1075 75 E

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 7,450
Cap Rate 10.30%
NOI $153,836
Tenancy Multi
Class B
Year Built 2001
Acreage 0.880
Zoning industrial
Parking Spaces 25 spaces
Parking per 1,000 SqFt 3.36

Turnkey Auto Shop Property w/ 3 Tenants & Strong Cash Flow

Marketing description

Prime commercial building with auto shop and three income-producing tenants. Located at 1075 S 75 East in Richfield, this 7,450 sq. ft. facility on 0.88 acres sits just one block off South Main near Walmart and I-70. The property includes five service bays, upgraded AC (2025), fully asphalted parking and storage areas, and an oil-water separator-significant cost savings compared to new construction. The site benefits from rare grandfathered industrial zoning, eliminating today's impact fees and drainage requirements typically imposed in the industrial park. Three small suites currently leased to an auto detailer, salon, and bookstore provide approx. $1,950/month in additional income. When combined with the auto shop's operating income, the projected performance indicates an estimated CAP rate of 10.25 %, depending on buyer structure and whether the business is acquired alongside the property (buyer to verify all financials independently). Mike's Auto Clinic, a respected 35-year business, along with its trained staff, customer base, and approximately $200K in equipment, may be purchased separately. Financials are available with a signed NDA. Seller is willing to assist with transition, making this a strong turnkey owner-operator or investor opportunity. Growth potential includes towing, heavy-equipment/AG repair, fleet services, body/paint, or equipment rental (buyer to verify). List price reflects real estate only; business and equipment are optional.

Investment highlights

  • Max Sq Ft Available: 1,975
  • Total Building Sq Ft: 7,450
  • Other: Break Room; Restrooms
  • Total Building Sq Ft: 7,450
    • Office Sq Ft: 1,975
    • Mezzanine Sq Ft: 3,096Approx.
    • Yard Size: 9600
    • Other: Fenced Yard; Paved Yard; Floor Drain; Oil Separator; Mezzanine
    • Net Operating Income (NOI): $153,836
    • Expenses: $606,787
    • Cap Rate (NOI/Price): 10.3 %
    • APOD: 1
    • Number of stalls: 5
    • Covered: 2
    • Uncovered: 25
    • Power- 3 Phase
    • Stalls / Month$: 5 /Phase

    Listing Contacts

    DB
    UT 12677584-SA00
    David Busk - Account
    Listed by David Busk - Account

    Valuation Calculator

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    $
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    Loan Amount
    $0.00
    Annual Debt Service
    $--
    $--
    Annual Cash Flow
    $153,836.00
    $12,819.67/mo

    Valuation Metrics

    0
    DSCR
    11.83%
    Cap Rate
    11.83%
    ROI

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    Additional Information

    Name
    David Busk
    License
    12677584-SA00
    Brokerage Phone
    435-868-8648
    Brokerage Address
    308 West Tabernacle Street
    *All information is deemed reliable but not guaranteed. Buyer to verify all information.
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