Two-Level Office
For Sale
$617,500
1106 S St, Salt Lake City, UT 84103
Owner-user office configuration with separate suites, private offices, support areas, and an occupied upper-level unit.
Property Size2,800 SF
Price / SF$220.54
Days on Market164
Property Features for 1106 S St
General Information
Standard status
Active
Size
2,800 SF
Class
B
Zoning
RC
Additional Details
Floor
Main Level, Upstairs Level
HOA Fee
$369.40
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$5,580
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
Align Complete Real Estate Services LLC
(801) 214-8033
Listed By:
Jonah Hornsby · License #6409658
(801) 580-4945
Source:
Exprealty
Added: May 6
Changed: Oct 15
Last Checked: Oct 15 at 2:30AM
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
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Investment Insights
Based on property information with market context.
This Class B office property includes two separately configured units within a building completed in 2000. Unit 1 occupies the main level with three private offices, two single restrooms, storage, and a break area, plus an approximately 800-square-foot partially finished basement with its own exterior entrance. Unit 2 is located upstairs and provides three private offices, one restroom, storage, and a break area.
The upper-level unit is occupied by a long-term tenant under a renewed three-year term beginning April 2026, while the main-level space is suited to an owner-user. The property is zoned RC and offers ample parking within South Union Business Park. Access to I-215 and I-15 is approximately five minutes, with a central Salt Lake Valley setting.
The upper-level unit is occupied by a long-term tenant under a renewed three-year term beginning April 2026, while the main-level space is suited to an owner-user. The property is zoned RC and offers ample parking within South Union Business Park. Access to I-215 and I-15 is approximately five minutes, with a central Salt Lake Valley setting.
Key Highlights
- Two office units with approximately 1,000 SF per level
- Main‑level unit includes 3 private offices and 2 single restrooms
- Approximately 800 SF partially finished basement with exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,597
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,940
$811.9K
Cap Rate 7%
$579,957
$580.0K
Cap Rate 9%
$451,078
$451.1K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$60.1K $21.48/SF
− Vacancy
−$6.0K −$2.15/SF
EGI
$54.1K $19.33/SF
− OpEx
−$13.5K −$4.83/SF
NOI
$40.6K $14.50/SF
Area
Salt Lake City, 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 Rate 5%
$811,940
Cap Rate 7%
$579,957
Cap Rate 9%
$451,078
Alternative Uses
Best Use
Office B
$580.0K
$507.5K – $676.6K
NOI $40,597 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.4K
$660.1K – $880.1K
NOI $52,805 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
409
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 Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office units - Owner-user office configuration with separate suites, private offices, support areas, and an occupied upper-level unit.
Where is this office units located?
The property is located at 1106 S St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $617,500.
What are key features of this property?
This property features: Two office units with approximately 1,000 SF per level; Main‑level unit includes 3 private offices and 2 single restrooms; Approximately 800 SF partially finished basement with exterior entrance
