Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    341 South Main St Salt Lake City, UT 84111

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $28 SF/Yr ($19,842 /Mo)

    Updated office space in downtown Salt Lake City for lease.

    Property size:
    8,504 SF
    Lot size:
    8,504 SF

    Property Features for 341 South Main St

    General Information

    Standard status
    Active
    Size
    8,504 SF

    We can help!

    Listing Contact
    Kreg Peterson
    Source: Cbre

    Listing Agency: CBRE | Salt Lake City Listing Agent: Kreg Peterson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Creative Loft Office Space

    This updated creative loft-style office space is available for lease on Main Street in Downtown Salt Lake City. The space is suitable for tech or creative tenants. The building is centrally located near City Creek Center and walkable amenities. Pago SLC is located on the main floor of the building. The property is near TRAX stops and easily accessible to I-15. It features a 2.0 / 1,000 SF parking ratio. The property size is 8504 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brite (Bike/Boat/Book/etc) Store Autto (Bike/Boat/Book/etc) Store Standard Fire Protection ... General Contractor Murf AI (Bike/Boat/Book/etc) Store Vanguard Laboratories, LLC Medical Laboratory

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8908108
    Latitude
    40.7618283

    Nearby Similar for Lease

    • $2,250,000
      35,719 SF

      Salt Lake City Commercial Property

      Commercial property with drive-through in growing Salt Lake City location.
      2714 S 300 W, Salt Lake City, UT 84115
      View Details
    • $1,100,000
      6,970 SF

      Commercial Space on State Street

      High-traffic commercial building with parking in Salt Lake City.
      1480 S State St, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      47,916 SF

      Sugar House Office Space

      Furnished office space in Sugar House available for rent.
      1174 E Graystone Way, Salt Lake City, UT 84106
      View Details
    • Contact for pricing
      26,136 SF

      Furnished Office Space Available Now

      Furnished office suite for lease in Salt Lake City.
      1770 E Fort Union Blvd, Salt Lake City, UT 84121
      View Details
    • New
      Contact for pricing

      UT, Salt Lake City - 250 E 200 S

      Workspaces, services and support to help you grow your business in UT, Salt Lake City - 250 E 200 S
      250 200, Salt Lake City, UT 84111
      View Details
    • New
      Contact for pricing

      Spaces The Clift Building

      Find fully flexible work and meeting space in Spaces The Clift Building
      10 Broadway - The, Salt Lake City, UT 84101
      View Details
    • New
      Contact for pricing

      222 Main

      Discover many ways to work your way in 222 Main
      222 Main St, Salt Lake City, UT 84101
      View Details
    • Sponsored
      New
      Contact for pricing

      Sugarhouse Center

      Discover many ways to work your way in Sugarhouse Center
      2150 1300, Salt Lake City, UT 84106
      View Details
    • Contact for pricing
      33,541 SF

      South Temple Office Suites Available

      Office suites available for rent with parking and modern amenities.
      699 S Temple St, Salt Lake City, UT 84102
      View Details

    FAQs

    What type of property is this?
    Office units - Updated office space in downtown Salt Lake City for lease.
    Where is this office units located?
    The property is located at 341 South Main St Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Updated, creative loft-style office space ideal for tech or creative tenants.; - Prime downtown Salt Lake City location on Main Street.; - Centrally located near City Creek Center and walkable amenities.
    (801) 869-8092
    Request Owner's contact information
    341 South Main St Salt Lake City, UT 84111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    341 South Main St
    Salt Lake City, UT 84111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    341 South Main St Salt Lake City, UT 84111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kreg Peterson
    Real Estate License ID: UT 5483446-SA00
    (801) 869-8092 (801) 949-5149 (801) 869-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!