Remodeled Office
For Sale
$690,800
100-6691 S 1300 E, Murray, UT 84103
Two adjoining suites offer upgraded interiors, flexible layouts, and convenient access to major transportation routes.
Property Size2,512 SF
Price / SF$275
Days on Market20
Property Features for 100-6691 S 1300 E
General Information
Standard status
Active
Size
2,512 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$3,427
Listing Agency:
Align Complete Real Estate Services LLC
(801) 577-2175
Listed By:
Jody Jones · License #UT 9333926-SA0
(801) 577-2175
Source:
Exprealty
Added: Aug 3
Changed: Aug 22
Last Checked: Aug 22 at 8:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Align Complete Real Estate Services LLC
Investment Insights
Based on property information with market context.
This offering combines Suites #100 and #200 into two remodeled office condominiums with 2, 512 SF of total space. The interiors include high-end upgrades and efficient office layouts suited to professional services, owner-user operations, or investment use. The sale also includes Parcel Nos. 22-20-432-011 and 22-20-432-009.
Frontage along 1300 East provides direct street exposure, while nearby I-215 connects the property with major transportation corridors. The office units include three reserved covered parking stalls, supplemented by abundant open parking. Restaurants, retail, and professional services are located in the surrounding business district, with access to downtown Salt Lake City, the airport, and the Wasatch canyons.
Frontage along 1300 East provides direct street exposure, while nearby I-215 connects the property with major transportation corridors. The office units include three reserved covered parking stalls, supplemented by abundant open parking. Restaurants, retail, and professional services are located in the surrounding business district, with access to downtown Salt Lake City, the airport, and the Wasatch canyons.
Key Highlights
- Two office condominiums totaling 2, 512 SF
- Suites #100 and #200 offered together
- High‑end interior remodeling and efficient office layouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,421
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,420
$728.4K
Cap Rate 7%
$520,300
$520.3K
Cap Rate 9%
$404,678
$404.7K
Market Conditions
NOI Build-Up for 2,512 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.0K $21.48/SF
− Vacancy
−$5.4K −$2.15/SF
EGI
$48.6K $19.33/SF
− OpEx
−$12.1K −$4.83/SF
NOI
$36.4K $14.50/SF
Area
Salt Lake County, UT
Vacancy
10.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,420
Cap Rate 7%
$520,300
Cap Rate 9%
$404,678
Alternative Uses
Best Use
Office B
$520.3K
$455.3K – $607.0K
NOI $36,421 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$33.45M
$29.27M – $39.02M
NOI $2,341,374 @ 7.0% cap · market cap 338.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two adjoining suites offer upgraded interiors, flexible layouts, and convenient access to major transportation routes.
Where is this office units located?
The property is located at 100-6691 S 1300 E Murray, UT.
What is the asking price?
The asking price for this property is $690,800.
What are key features of this property?
This property features: Two office condominiums totaling 2, 512 SF; Suites #100 and #200 offered together; High‑end interior remodeling and efficient office layouts
