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

    95 South State St Salt Lake City, UT 84111

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $43 SF/Yr

    7,624 SF office space available for sublease in downtown.

    Property size:
    7,624 SF
    Lot size:
    7,624 SF

    Property Features for 95 South State St

    General Information

    Standard status
    Active
    Size
    7,624 SF

    We can help!

    Listing Contact
    Tab Cornelison
    Source: Cbre

    Listing Agent: Tab Cornelison

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

    Learn more

    Overview

    Downtown Office Space Sublease

    This 7,624 square foot office space is available for sublease on the 24th floor of the 95 State Building. The sublease expires April 30, 2038. The space is offered at $43.00 per rentable square foot, with full service gross lease terms. Furniture is included. Parking is available at a ratio of 2 per 1,000 square feet at market rates. The property is located in a prime central business district location.
    Location Intelligence

    Current Use by Public Records

    Marcus & Millichap Commercial Real Estate Agency Foley & Lardner LLP: ... Attorney Maschoff Brennan | Intellectual ... Law Firm MGIS Insurance Broker Leavitt Equity Partners Investment Company

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -111.886492
    Latitude
    40.766333

    Nearby Similar for Lease

    • $2,250,000
      35,719 SF

      Salt Lake City Commercial Property

      Commercial property with drive-through in growing Salt Lake City location.
      2714 S 300 W, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      33,541 SF

      South Temple Office Suites Available

      Office suites available for rent with parking and modern amenities.
      699 S Temple St, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      7,405 SF

      Prime Sugarhouse Office Space

      High-traffic, walkable office space in Sugarhouse City Center.
      1055 E 2100 S, Salt Lake City, UT 84106
      View Details
    • Contact for pricing
      26,136 SF

      Furnished Office Space Available Now

      Furnished office suite for lease in Salt Lake City.
      1770 E Fort Union Blvd, Salt Lake City, UT 84121
      View Details
    • $1,395,000
      10,890 SF

      Commercial Property Near Downtown

      Fenced commercial property near downtown Salt Lake City.
      1612 S State St, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      436 SF

      Office Space in Cottonwood Heights

      Single room office space for lease in Cottonwood Heights.
      6786 S 1300 E, Salt Lake City, UT 84121
      View Details
    • Contact for pricing
      20,038 SF

      Recently Renovated Cottonwood Heights Office

      Contemporary office space in a prime, convenient location.
      7070 S 2300 E, Salt Lake City, UT 84121
      View Details
    • $3,750,000
      70,132 SF

      Four Buildings on Fenced Corner

      Four buildings totaling 11,979 SF on 1.61 acres.
      1776 S 900 W, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      43,560 SF

      Sugar House Office Space Available

      Main level office space in Sugar House with shared amenities.
      623 E 2100 S, Salt Lake City, UT 84106
      View Details
    • $49,400
      43,560 SF

      Retail Space in Salt Lake

      Retail space available in high-traffic Salt Lake City location.
      4093 S Redwwod Rd W, Salt Lake City, UT 84123
      View Details
    • Contact for pricing
      47,916 SF

      Sugar House Office Space

      Furnished office space in Sugar House available for rent.
      1174 E Graystone Way, Salt Lake City, UT 84106
      View Details
    • Contact for pricing
      6,534 SF

      Historic Downtown Office Spaces Available

      Iconic, renovated office spaces in the heart of Salt Lake City.
      324 S 400 W, Salt Lake City, UT 84101
      View Details

    FAQs

    What type of property is this?
    Office space - 7,624 SF office space available for sublease in downtown.
    Where is this office space located?
    The property is located at 95 South State St Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $43 SF/Yr.
    What are key features of this property?
    This property features: - Prime CBD location; - Sublease expires April 30, 2038; - 7,624 rentable square feet
    (801) 869-8037
    Request Owner's contact information
    95 South State St Salt Lake City, UT 84111
    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.
    95 South State St
    Salt Lake City, UT 84111
    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
    95 South State St Salt Lake City, UT 84111
    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
    Tab Cornelison
    (801) 869-8037
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.