Central Valley Office Building For
1065 W Levoy Dr Salt Lake City, UT
1065 W Levoy Dr, Salt Lake City, UT, 00000
Contact for pricing
For Sale
Contact for pricing
Two-story office building with research and development zoning.
Property Size45,520 SF
Lot Size3.11 Acres
Price / SF$190
Days on Market533
Property Features for 1065 W Levoy Dr
General Information
- Standard status
- Active
- Size
- 45,520 SF
- Lot size
- 3.11 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1065 W Levoy Dr Contact us
Listing agency
JLL | Salt Lake City
(801) 456-9518
Listed by
Jillian Johnson · License #8606046-SA00
(801) 456-9517
Source
Moodyscre
Added: Feb 4, 2025 Updated: Jul 6 at 10:08AM Checked: Jul 21 at 6:34AM
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 JLL | Salt Lake City
Investment Insights
Based on property information with market context.
This two-story office building is located in the Central Valley, with convenient access to I-15 and I-215. The property is zoned RD, permitting research and development uses. The building features an open space layout with some office build-out and a large team kitchen. A backup generator is located on-site. Crown signage is available. The first floor is currently occupied by an income-producing tenant, while the second floor is ideal for an owner/user.
Key Highlights
- Income‑producing first floor tenant.
- Zoned RD – Research and Development Uses Permitted.
- Conveniently located between I‑15 and I‑215.
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 | $977.8k | $21.48 |
| − Vacancy | −$97.8k | −$2.15 |
| EGI | $880.0k | $19.33 |
| − OpEx | −$220.0k | −$4.83 |
| NOI | $660.0k | $14.50 |
45,520 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.43M
$8.25M – $11.00M
NOI $659,994 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.26M
$10.73M – $14.31M
NOI $858,462 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Complete Recovery Corporation
Telecommunications Service
Complete Sun, LLC ...
Telecommunications Service
Complete CX
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with research and development zoning.
Where is this office building located?
The property is located at 1065 W Levoy Dr Salt Lake City, UT.
What is the asking price?
The asking price for this property is $8,648,800.
What are key features of this property?
This property features: Income‑producing first floor tenant.; Zoned RD – Research and Development Uses Permitted.; Conveniently located between I‑15 and I‑215.
