Multi-Tenant Office
5522 S 3200 W Salt Lake City, UT 84129
New
5522 S 3200 W, Salt Lake City, UT, 84129
$1,950,000
For Sale
$1,950,000
Two office suites are 100% occupied, including a Utah tenant since 2005 and a Helping Hands tenant.
Property Size9,140 SF
Lot Size1.06 Acres
Price / SF$213.35
Days on Market5
Property Features for 5522 S 3200 W
General Information
- Standard status
- Active
- Size
- 9,140 SF
- Lot size
- 1.06 Acres
- Property subtype
- Office
Listing Agency
Pleasant Grove
(801) 702-4682
Listed by
James Bullington · License #UT 5472910-SA00
(801) 702-4682
Source
Colliers
Added: Jul 14 Checked: Jul 17 at 2:31 am
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 Pleasant Grove
Investment Insights
Based on property information with market context.
This multi-tenant office building was built in 2005 and features wood-frame construction with brick veneer. The property totals 9,140 SF and is fully occupied by two office suites, with Suite 101 at 7,290 SF and Suite 102 at 1,850 SF.
The State of Utah has occupied Suite 101 since July 2005, with a lease expiration date of 7/31/2030. Helping Hands occupies Suite 102 and has been in place since October 2014, with a lease expiration date of 9/30/2027. The asset is located on a 1.06 AC site and is zoned C-2 under Taylorsville City.
Additional site information includes APN #21.17.227.012, and the offering is listed as a for-sale transaction.
The State of Utah has occupied Suite 101 since July 2005, with a lease expiration date of 7/31/2030. Helping Hands occupies Suite 102 and has been in place since October 2014, with a lease expiration date of 9/30/2027. The asset is located on a 1.06 AC site and is zoned C-2 under Taylorsville City.
Additional site information includes APN #21.17.227.012, and the offering is listed as a for-sale transaction.
Key Highlights
- Office building totaling 9,140 SF on 1.06 acres, built in 2005 (wood frame with brick veneer).
- 100% occupied with two multi‑tenant suites: Suite 101 is 7,290 SF; Suite 102 is 1,850 SF.
- State of Utah tenant in Suite 101 since July 2005, with a lease expiring 7/31/2030 and a five‑year renewal signed August 2025.
Local 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 | $196.3k | $21.48 |
| − Vacancy | −$19.6k | −$2.15 |
| EGI | $176.7k | $19.33 |
| − OpEx | −$44.2k | −$4.83 |
| NOI | $132.5k | $14.50 |
9,140 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.89M
$1.66M – $2.21M
NOI $132,521 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,371 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Valley West USOR ...
Government Office
K L Investments
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two office suites are 100% occupied, including a Utah tenant since 2005 and a Helping Hands tenant.
Where is this office building located?
The property is located at 5522 S 3200 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Office building totaling 9,140 SF on 1.06 acres, built in 2005 (wood frame with brick veneer).; 100% occupied with two multi‑tenant suites: Suite 101 is 7,290 SF; Suite 102 is 1,850 SF.; State of Utah tenant in Suite 101 since July 2005, with a lease expiring 7/31/2030 and a five‑year renewal signed August 2025.
