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

    6965 S Union Park Ctr Midvale, UT 84047

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Four-story office building with mountain views and recent upgrades.

    Property size:
    6,773 SF
    Lot size:
    1.41 Acres

    Property Features for 6965 S Union Park Ctr

    General Information

    Size
    6,773 SF
    Lot size
    1.41 Acres

    We can help!

    Listing Contact
    Natalie Jonsson
    Source: Moodyscre

    Listing Agent: Natalie Jonsson

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

    Learn more

    Overview

    Class A Office Space Available

    This Class-A, four-story office building is located in the heart of Utah’s scenic Salt Lake Valley. The granite and glass structure features executive suites and views of the valley and Wasatch Mountains. Recent capital upgrades have been completed. The property offers covered parking, multiple entry points, and a dedicated traffic light for access. Daily traffic counts reach 10,300 cars. Fiber optic network is available. On-site property management is provided. The location is near major retail, dining, and lodging options and is a quarter-mile from I-215. Ev charging stations are available.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.85551
    Latitude
    40.6254852

    Nearby Similar for Lease

    • $18 SF/Yr
      2,864 SF

      Creative Space with Exposed Brick

      Unique creative space with exposed brick in Midvale's vibrant district.
      7687 S Main St, Midvale, UT 84047
      View Details
    • $4,800 /Mo
      7,823 SF

      Midvale Flex Space Available

      Flex space with GL door, restroom, and office, centrally located.
      7638 State St, Midvale, UT 84047
      View Details
    • $22 SF/Yr
      1,600 SF

      Retail Space Near Hillcrest High

      Retail space for lease with high traffic and parking.
      7343-7355 S 900 E, Midvale, UT 84047
      View Details
    • $24 SF/Yr
      1,432 SF

      Move-In Ready Office Space

      Office space for lease in ideal Fort Union location.
      1275 E Fort Union Blvd, Midvale, UT 84047
      View Details
    • $22 SF/Yr
      4,710 SF

      Union Park II Office Space

      Office space available for lease in Midvale, Utah.
      7050 Union Park Ave, Midvale, UT 84047
      View Details
    • Contact for pricing
      34,650 SF

      Midvale Flex Space For Rent

      34,650 sq ft flex space with warehouse and office.
      8169 South State St, Midvale, UT 84047
      View Details
    • $26 SF/Yr
      2,857 SF

      Class A Office Space Available

      Executive and traditional office spaces with valley and mountain views.
      6925 S Union Park Ctr, Midvale, UT 84047
      View Details
    • $21 SF/Yr
      5,104 SF

      Midvale Office Space Available

      Office space available for lease in Midvale, Utah.
      6891 South 700 West, Midvale, UT 84047
      View Details
    • $16 SF/Yr
      8,300 SF

      Convertible Retail/Office Space Available

      Storefront retail or office space in downtown Midvale.
      7676 S Main St, Midvale, UT 84047
      View Details
    • Contact for pricing
      1,800 SF

      Creative Office/Retail Space Available

      Renovated creative office/retail space in central Salt Lake Metropolitan area.
      7610-7624 S Main St, Midvale, UT 84047
      View Details
    • $23 SF/Yr
      7,500 SF

      Midvale Retail Space For Rent

      7,500 SF retail space with frontage on 900 East.
      935 South Un Ave, Midvale, UT
      View Details
    • $24 SF/Yr
      6,153 SF

      Move-In Ready Office Space

      Office space for lease in ideal Fort Union location.
      1225 E Fort Union Blvd, Midvale, UT 84047
      View Details

    FAQs

    What type of property is this?
    Office units - Four-story office building with mountain views and recent upgrades.
    Where is this office units located?
    The property is located at 6965 S Union Park Ctr Midvale, UT.
    What are key features of this property?
    This property features: - Amazing views of the Salt Lake Valley and Wasatch Mountains.; - Located in one of Utah’s top commercial hubs, by major retail, dining & lodging.; - Class-A facility with a **2-story granite and glass lobby** and exclusive executive suites.
    (801) 858-0621 Call to check price and availability
    Request Owner's contact information
    6965 S Union Park Ctr Midvale, UT 84047
    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.
    6965 S Union Park Ctr
    Midvale, UT 84047
    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
    6965 S Union Park Ctr Midvale, UT 84047
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Natalie Jonsson
    (801) 858-0621 (801) 560-1217
    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!