Two-Unit Office
For Sale
$575,000
1106 S UNION AVE, Midvale, UT 84047
One suite is ready for occupancy, while a separate leased unit provides an existing income stream.
Property Size2,800 SF
Price / SF$205.36
Days on Market65
Property Features for 1106 S UNION AVE
General Information
Standard status
Active
Size
2,800 SF
Class
Class B
Property subtype
Office
Zoning
RC
Additional Details
HOA Fee
$369.40
Office Units
2
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$7,920
Building Details
Building Size
2,800 SF
Year Built
2000
Buildings
1
Tenancy
Multi
Listing Agency:
Align Complete Real Estate Services LLC
Listed By:
Daniel S. Rip
(801) 554-9664
Source:
Moveutahrealestate
Added: Aug 27
Changed: Oct 30
Last Checked: Oct 30 at 1:54AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,800-square-foot office condominium comprises two self-contained units, each configured with three private offices. One 1,000-square-foot unit is available for immediate occupancy and includes an 800-square-foot partially finished basement. The second unit measures 1,000 square feet and is occupied by a tenant. The basement offers additional storage or expansion space. Built in 2000, the property has Class B construction and RC zoning.
Located at 1106 S Union Ave in Midvale, the condominium is within five minutes of I-215 and I-15. Shared parking serves the property. The owners are licensed real estate agents.
Located at 1106 S Union Ave in Midvale, the condominium is within five minutes of I-215 and I-15. Shared parking serves the property. The owners are licensed real estate agents.
Key Highlights
- 2,800 SF total across two self‑contained office units
- Each unit includes 3 private offices
- 1,000 SF unit available for immediate occupancy, with an 800 SF partially finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,597
Cap Rate
7.06%
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 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 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 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.28M
$32.62M – $43.50M
NOI $2,609,812 @ 7.0% cap · market cap 453.88%
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
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
Explore this area
Business Placement
Demographics for 84047, UT
37,146
Population
17,221
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
5,804
Density / Sq Mi
$73,120
Median Household Income
$43,845
Median Earnings
$1,482
Median Rent
$404,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - One suite is ready for occupancy, while a separate leased unit provides an existing income stream.
Where is this office unit located?
The property is located at 1106 S UNION AVE Midvale, UT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,800 SF total across two self‑contained office units; Each unit includes 3 private offices; 1,000 SF unit available for immediate occupancy, with an 800 SF partially finished basement
