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    242 South Temple E Salt Lake City, UT 84111

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    For Lease
    $23 SF/Yr ($2,457 /Mo)

    3,329 SF office/retail building in downtown Salt Lake City.

    Property size:
    1,282 SF
    Lot size:
    0.13 Acres

    Property Features for 242 South Temple E

    General Information

    Size
    1,282 SF
    Lot size
    0.13 Acres

    Source: Mountain West - Corporate Agent Skye Galley

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

    Overview

    Freestanding Office/Retail Building For Rent

    This 3,329 square foot freestanding building is available for rent at $23 per square foot NNN, with 2025 NNN expenses estimated at $13.98 per square foot. Situated in a prestigious South Temple location, the property benefits from high traffic counts of 24,462 AADT. Its location provides convenient access to City Creek, Temple Square, and other amenities in the heart of downtown Salt Lake City.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    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
    -111.885314
    Latitude
    40.769291

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    FAQs

    What type of property is this?
    Retail space - 3,329 SF office/retail building in downtown Salt Lake City.
    Where is this retail space located?
    The property is located at 242 South Temple E Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prestigious South Temple Location; - Freestanding Office/Retail Building (3,329 SF); - High Traffic Counts - 24,462 AADT on South Temple
    (801) 456-8800
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    242 South Temple E Salt Lake City, UT 84111
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    Salt Lake City, UT 84111
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    Realmo Value Estimation

    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.

    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.

    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
    242 South Temple E Salt Lake City, UT 84111
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