Triple-Net Leased Office
For Sale
Contact for pricing
9075 S Riverside Dr, Sandy, UT 84070
Renovated in 2020 office building on 1.26 acres with 64 parking stalls and quick freeway access.
Property Size10,875 SF
Lot Size1.26 Acres
Price / SF$234.48
Days on Market497
Property Features for 9075 S Riverside Dr
General Information
Standard status
Active
Size
10,875 SF
Total Parking Spaces
64
Lot size
1.26 Acres
Property subtype
OFFICE
Zoning
Industrial & Office
Additional Details
Cap Rate
8.5%
Highway Access
Yes
Building Details
Year Renovated
2020
Listing Agency:
Colliers | Utah County
(801) 597-7588
Listed By:
Mark Haroldsen · License #UT 5791684-AB00
(801) 597-7588
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Aug 8
Last Checked: Aug 29 at 2:58PM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This triple-net leased office building was renovated in 2020 and is being offered in the Industrial & Office zone. The property sits on 1.26 acres and includes 64 parking stalls to support on-site operations and tenant needs. The asking structure reflects an 8.5% cap rate, with financials available upon request for the credit tenant.
The building offers quick, easy freeway access, supporting straightforward commuting and deliveries. It is located less than two miles from TRAX Historic Sandy Station, providing nearby transit connectivity.
With 10,875 square feet of office space, the offering is positioned for buyers seeking an industrial-and-office zoned asset configured for continued occupancy under a triple-net lease.
The building offers quick, easy freeway access, supporting straightforward commuting and deliveries. It is located less than two miles from TRAX Historic Sandy Station, providing nearby transit connectivity.
With 10,875 square feet of office space, the offering is positioned for buyers seeking an industrial-and-office zoned asset configured for continued occupancy under a triple-net lease.
Key Highlights
- Triple net leased property with an 8.5% cap rate
- Building renovated in 2020
- Zone: Industrial & Office
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
$157,677
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
6.18%
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%
$3,153,540
$3.2M
Cap Rate 7%
$2,252,529
$2.3M
Cap Rate 9%
$1,751,967
$1.8M
Market Conditions
NOI Build-Up for 10,875 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
$233.6K $21.48/SF
− Vacancy
−$23.4K −$2.15/SF
EGI
$210.2K $19.33/SF
− OpEx
−$52.6K −$4.83/SF
NOI
$157.7K $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%
$3,153,540
Cap Rate 7%
$2,252,529
Cap Rate 9%
$1,751,967
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.63M
NOI $157,677 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$144.80M
$126.70M – $168.94M
NOI $10,136,324 @ 7.0% cap · market cap 397.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 84070, UT
30,885
Population
12,212
Households
2.5
Avg Household Size
34
Median Age
36%
College-Educated
93%
High-School Grad
7.3 sq mi
ZIP Area
4,231
Density / Sq Mi
$79,414
Median Household Income
$44,013
Median Earnings
$1,578
Median Rent
$429,400
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 building - Renovated in 2020 office building on 1.26 acres with 64 parking stalls and quick freeway access.
Where is this office building located?
The property is located at 9075 S Riverside Dr Sandy, UT.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Triple net leased property with an 8.5% cap rate; Building renovated in 2020; Zone: Industrial & Office
