Updated Office
1225 E Fort Union Blvd Midvale, UT 84121
For Sale
Contact for pricing
Office building with updated common areas, refreshed restrooms, and recent exterior and landscaping improvements.
Property Size33,983 SF
Price / SF$220
Days on Market22
Property Features for 1225 E Fort Union Blvd
General Information
Standard status
Active
Size
33,983 SF
Property subtype
OFFICE
Listing Agency:
JLL | Salt Lake City
(801) 456-9514
Listed By:
Amanda Lawson · License #6827459-SA00
(385) 419-3191
Source:
Moodyscre
Added: Jul 9
Changed: Jul 28
Last Checked: Jul 29 at 2:09PM
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 office building has been refreshed throughout, including updated common area finishes, a new lobby directory and artwork, and refreshed restrooms. The property’s exterior has also been improved with a resurfaced parking lot and new landscaping.
The building is located at 1225 E Fort Union Blvd in Midvale, UT 84121. The current updates support a clean, maintained tenant and visitor experience, with on-site parking serving daily access needs.
The property is offered for sale.
The building is located at 1225 E Fort Union Blvd in Midvale, UT 84121. The current updates support a clean, maintained tenant and visitor experience, with on-site parking serving daily access needs.
The property is offered for sale.
Key Highlights
- Updated common area finishes throughout the building
- New lobby directory and artwork
- Refreshed restrooms
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 | $730.0k | $21.48 |
| − Vacancy | −$73.0k | −$2.15 |
| EGI | $657.0k | $19.33 |
| − OpEx | −$164.2k | −$4.83 |
| NOI | $492.7k | $14.50 |
33,983 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
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
Multifamily LT 5
$452.50M
$395.93M – $527.91M
NOI $31,674,731 @ 7.0% cap · market cap 423.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with updated common areas, refreshed restrooms, and recent exterior and landscaping improvements.
Where is this office building located?
The property is located at 1225 E Fort Union Blvd Midvale, 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: Updated common area finishes throughout the building; New lobby directory and artwork; Refreshed restrooms
