The property at 912 N Airport Road in Cedar City, Utah, represents a strong, purpose-built industrial campus consisting of four buildings totaling 86,420 square feet across 21.52 acres. This valuation is prepared in support of a proposed sale-leaseback structure, in which BZI Steel would lease back all four buildings and two improved land parcels upon closing. The combined footprint reflects a fully integrated operating site for steel fabrication and associated functions, with all components critical to ongoing business operations. The buildings support a range of uses, including fabrication, storage, and administrative space, and are well positioned to serve BZI Steel’s current and future operational needs. The two improved land parcels serve as active laydown yards—key elements of the company’s workflow used for material staging, storage, and logistics. These yards enhance the functionality of the site and add to the long-term utility of the real estate. Cedar City continues to grow as a strategic location for industrial operations in Southern Utah, with immediate access to I-15 and proximity to regional transportation infrastructure. The site’s location near the Cedar City Regional Airport and strong labor accessibility further support its long-term viability. This analysis reflects the value of a fully occupied and operational industrial asset with stable income potential under a single-user leaseback structure. The combination of specialized improvements, improved yard areas, and strategic location positions 912 N Airport Road as a valuable asset with long-term investment ap