Freestanding Office
1225 E Fort Union Boulevard, Cottonwood Heights, UT 84047
For Sale
Contact for pricing
ORD-zoned office property with refreshed restrooms, improved common areas, and prominent building signage.
Property Size33,983 SF
Price / SF$220
Days on Market97
Property Features for 1225 E Fort Union Boulevard
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Additional Details
Road Access
Amenities
updated common areas
refreshed restrooms
resurfaced parking lot
monument and crown signage
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Building Size
Listing Agency:
Colliers - Salt Lake City, Utah
Listed By:
Derek Sawaya · License #8082653-SA00
(801) 889-6213
Source:
Crexi
Added: Aug 5
Changed: Nov 5
Last Checked: Nov 8 at 7:35AM
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 Colliers - Salt Lake City, Utah
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Investment Insights
Based on property information with market context.
Built in 1981, this freestanding office building contains 33,983 square feet and is currently 71% leased. The second floor includes 11,707 RSF of available space, providing a defined vacancy within the existing office configuration. Interior updates include refreshed restrooms and renovated common areas.
The property fronts Fort Union Boulevard in Cottonwood Heights and experiences approximately 32,000 ADT. Site improvements include a resurfaced parking lot along with monument and crown signage. The property is zoned ORD and addressed at 1225 E. Fort Union Boulevard.
The property fronts Fort Union Boulevard in Cottonwood Heights and experiences approximately 32,000 ADT. Site improvements include a resurfaced parking lot along with monument and crown signage. The property is zoned ORD and addressed at 1225 E. Fort Union Boulevard.
Key Highlights
- 33,983‑square‑foot freestanding office building
- 71% leased with 11,707 RSF available on the second floor
- Approximately 32,000 ADT along Fort Union Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$492,720
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,854,400
$9.9M
Cap Rate 7%
$7,038,857
$7.0M
Cap Rate 9%
$5,474,667
$5.5M
Market Conditions
NOI Build-Up for 33,983 SF
Gross rent
$730.0K $21.48/SF
− Vacancy
−$73.0K −$2.15/SF
EGI
$657.0K $19.33/SF
− OpEx
−$164.2K −$4.83/SF
NOI
$492.7K $14.50/SF
Area
Salt Lake County, UT
Vacancy
10.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,854,400
Cap Rate 7%
$7,038,857
Cap Rate 9%
$5,474,667
Alternative Uses
Best Use
Office B
$7.04M
$6.16M – $8.21M
NOI $492,720 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.16M
$8.01M – $10.68M
NOI $640,886 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 84047, UT
37,146
Population
17,221
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
5,804
Density / Sq Mi
$73,120
Median Household Income
$43,845
Median Earnings
$1,482
Median Rent
$404,200
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Salt Lake County, UT
Properties on Market for Office buildings in Salt Lake County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - ORD-zoned office property with refreshed restrooms, improved common areas, and prominent building signage.
Where is this office building located?
The property is located at 1225 E Fort Union Boulevard Cottonwood Heights, UT.
What is the asking price?
The asking price for this property is $7,476,260.
What are key features of this property?
This property features: 33,983‑square‑foot freestanding office building; 71% leased with 11,707 RSF available on the second floor; Approximately 32,000 ADT along Fort Union Boulevard
