1174 E GRAYSTONE Way, Salt Lake City, UT 84106
COMMERCIAL - Salt Lake City, UT
- Added:
- Feb 12, 2026
- Days on Market:
- 137
- Last Refresh:
- Jun 29 at 11:06 am
Property Features for 1174 E GRAYSTONE Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Multi-Family, Commercial
- Rooms
- Basement
- Security features
- Security
- Window features
- Blinds
- Interior features
- Alarm: Security, Basement, Refrigerator, Restroom: Public
- Standard status
- Active
- APN
- 16-29-238-004
- Size
- 19,099 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20420
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1962
- Flooring type
- Tile, Carpet, Hardwood
- Roof type
- Asphalt
Listing agent Cory Waddoups (801) 609-8342
Listing office Investment Realty Advisors LLC 411 W 7200 S Ste 201, Salt Lake City, UT (435) 485-7070
Listing date Feb 12, 2026
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Approximately 19,099 SF professional office building with 33 leased office suites
- Full‑service basis with a 2025 average occupancy of approximately 90%
- In‑place cap rate of 5.6% with projected pro forma cap rate of 6.2%
- Zoned RMF‑35
- Convenient access near I‑80 and 1300 East (Sugar House area)
Overview
The property is positioned in the Sugar House area and is described as being just off I-80 and 1300 East, supporting convenient access for occupants and visitors. The offering is presented as a for-sale opportunity in a highly desirable submarket, with the building maintained as an office-oriented environment supporting multiple suite configurations.
For investors or owner-users, this configuration can support tenancy across office, professional, and medical uses within a suite-based layout. Buyers seeking a stabilized, multi-suite office property can evaluate the current leasing structure and full-service model, along with the stated in-place and pro forma cap rate targets included with the offering. Owner/Agent.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $410.2k | $21.48 |
| − Vacancy | −$41.0k | −$2.15 |
| EGI | $369.2k | $19.33 |
| − OpEx | −$92.3k | −$4.83 |
| NOI | $276.9k | $14.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.857497
- Latitude
- 40.710694
