Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    34 S 600 E Salt Lake City, UT 84101

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,300,000

    Furnished office building near downtown Salt Lake City and University.

    Property size:
    6,765 SF
    Lot size:
    0.16 Acres

    Property Features for 34 S 600 E

    General Information

    Size
    6,765 SF
    Lot size
    0.16 Acres

    We can help!

    Listing Contact
    J.r. Howa
    Source: Moodyscre

    Listing Agent: J.r. Howa

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

    Learn more

    Property Insight Report

    Overview

    Standalone Office Near Downtown

    This 6,765 square foot office building is located near downtown Salt Lake City and the University of Utah. The property is situated directly off South Temple and includes parking. The building is fully furnished and turn-key.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lotus General Construction Company Panache Home Decor Store The Lotus Company Construction Company Holmes & Co Advertising Marketing & Advertising Strategic Health Health

    Suggested Use

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

    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
    -111.9077
    Latitude
    40.770172

    Nearby Similar for Sale

    • $8,500,000
      26,364 SF

      Salt Lake City Multifamily Investment

      Fully leased student housing near the University of Utah.
      125 S 1300 E, Salt Lake City, UT 84102
      View Details
    • New
      $1,299,000
      2,327 SF

      Remodeled Mixed-Use Salt Lake Property

      Remodeled 3-unit property in prime location with commercial/residential potential.
      1354 S 1100 E, Salt Lake City, UT 84105
      View Details
    • $3,300,000
      0.72 Acres

      Salt Lake City Office Building

      14,614 sq. ft. office building in evolving Ballpark neighborhood.
      1380 S Main St, Salt Lake City, UT 84115
      View Details
    • $739,900
      2,730 SF

      Charming Duplex in Sugarhouse Location

      Legal duplex with bonus unit in a desirable Sugarhouse location.
      1888 S 800 E, Salt Lake City, UT 84105
      View Details
    • $1,200,000
      2,422 SF

      Remodeled 4-Plex in Salt Lake

      Downtown Salt Lake City 4-plex near amenities and transportation.
      563 S Denver St, Salt Lake City, UT 84111
      View Details
    • New
      $2,100,000
      5,678 SF

      Furnished Multifamily Property Near University

      Fully occupied 5-plex near University of Utah.
      937 E 300 S, Salt Lake City, UT 84101
      View Details
    • $1,200,000
      3,750 SF

      Turnkey Fourplex in Prime Location

      Legal fourplex in the Avenues, Salt Lake City, with cash flow.
      116 N B St E, Salt Lake City, UT 84103
      View Details
    • $2,499,000
      0.50 Acres

      Commercial Property with Secure Yard

      9000 SF commercial building with showroom, shop, and warehouse.
      1621 N Beck St, Salt Lake City, UT 84116
      View Details
    • $2,745,000
      0.34 Acres

      Salt Lake City Commercial Opportunity

      Two-building commercial property with flex space, office, and retail.
      346 E 3300 S, Salt Lake City, UT 84115
      View Details
    • $739,000
      2,369 SF

      Salt Lake City Duplex

      Legal duplex near parks, schools, and transit in Salt Lake.
      714 S 600 E, Salt Lake City, UT 84102
      View Details
    • $734,999
      2,597 SF

      Remodeled Duplex in Sugar House

      Updated duplex in Salt Lake City's desirable Sugar House neighborhood.
      1145 Kensington Ave, Salt Lake City, UT 84105
      View Details
    • $535,000
      2,100 SF

      Salt Lake City Duplex

      Updated duplex with fenced yard in Salt Lake City.
      250 E 2100 S, Salt Lake City, UT 84115
      View Details

    FAQs

    What type of property is this?
    Office building - Furnished office building near downtown Salt Lake City and University.
    Where is this office building located?
    The property is located at 34 S 600 E Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Fully furnished and turn-key office space; - Prime location directly off South Temple; - Standalone office building
    (801) 456-8800
    Request Owner's contact information
    34 S 600 E Salt Lake City, UT 84101
    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.
    34 S 600 E
    Salt Lake City, UT 84101
    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
    34 S 600 E Salt Lake City, UT 84101
    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
    J.r. Howa
    (801) 456-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.