Remodeled Office Building with
For Sale
Contact for pricing
124 South 400 East, Salt Lake City, UT 84111
27,535 SF office building with modern upgrades and efficient systems.
Property Size27,535 SF
Price / SF$0.00
Days on Market243
Property Features for 124 South 400 East
General Information
Standard status
Active
Size
27,535 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Site & Location
Neighborhood
Central City
Building Details
Building Size
27,535 SF
Year Built
1987
Properties For Sale
at 124 South 400 East
Suite 340
Size
1,394 SF
Term
Negotiable
Listed By:
Scott Ingham, MBA
(801) 243-9999
Source:
Iproperties
Added: Feb 25
Changed: Oct 25
Last Checked: Oct 24 at 3:48PM
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 Scott Ingham, MBA
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Investment Insights
Based on property information with market context.
This 27,535 square foot office building offers spaces in a variety of sizes. The building features remodeled common areas and a new elevator cab with ADA upgrades. It is located just outside the central business district, providing easy access in an east side location. The property has a new exterior and a super high-efficiency HVAC system, along with new energy-efficient low "e" double thermal pane windows and energy-efficient lighting throughout the building. The landlord will provide a tenant improvement allowance. The building also features roof-mounted solar energy. The property is locally owned and managed.
Key Highlights
- Remodeled common areas and new elevator cab with ADA upgrades.
- New, super high‑efficiency HVAC system and energy‑efficient windows.
- Excellent location with easy access just outside the central business district.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$399,230
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,984,600
$8.0M
Cap Rate 7%
$5,703,286
$5.7M
Cap Rate 9%
$4,435,889
$4.4M
Market Conditions
NOI Build-Up for 27,535 SF
Gross rent
$591.5K $21.48/SF
− Vacancy
−$59.1K −$2.15/SF
EGI
$532.3K $19.33/SF
− OpEx
−$133.1K −$4.83/SF
NOI
$399.2K $14.50/SF
Area
Salt Lake City, 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%
$7,984,600
Cap Rate 7%
$5,703,286
Cap Rate 9%
$4,435,889
Alternative Uses
Best Use
Office B
$5.70M
$4.99M – $6.65M
NOI $399,230 @ 7.0% cap · market cap 1,818,815.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.42M
$6.49M – $8.65M
NOI $519,283 @ 7.0% cap · market cap 2,365,753.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,309
Businesses Nearby
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Business Placement
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office building - 27,535 SF office building with modern upgrades and efficient systems.
Where is this office building located?
The property is located at 124 South 400 East Salt Lake City, UT.
What are key features of this property?
This property features: Remodeled common areas and new elevator cab with ADA upgrades.; New, super high‑efficiency HVAC system and energy‑efficient windows.; Excellent location with easy access just outside the central business district.
