Office Condo
For Sale
Contact for pricing
8706 S 700 E, Sandy, UT 84070
Office condo for sale offering 2,087 SF of office space.
Property Size2,087 SF
Price / SF$299
Days on Market1805
Property Features for 8706 S 700 E
General Information
Standard status
Active
Size
2,087 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Listing Agency:
NAI Excel
Listed By:
Jim McLachlan · License #UT 7216473-SA00
(801) 619-2707
Source:
Crexi
Added: Nov 5, 2021
Changed: Oct 2
Last Checked: Oct 12 at 5:15PM
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 NAI Excel
Investment Insights
Based on property information with market context.
This offering is an office condo suite configured as commercial office space, totaling 2,087 square feet.
The property is located at 8706 S 700 E in Sandy, Utah 84070.
Interested parties can evaluate the suite’s layout and condition for their professional office needs as part of the condo ownership structure.
The property is located at 8706 S 700 E in Sandy, Utah 84070.
Interested parties can evaluate the suite’s layout and condition for their professional office needs as part of the condo ownership structure.
Key Highlights
- Office condo for sale offering 2,087 SF of office space
- Building area: 2,087 SF (office condo)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,259
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,180
$605.2K
Cap Rate 7%
$432,271
$432.3K
Cap Rate 9%
$336,211
$336.2K
Market Conditions
NOI Build-Up for 2,087 SF
Gross rent
$44.8K $21.48/SF
− Vacancy
−$4.5K −$2.15/SF
EGI
$40.3K $19.33/SF
− OpEx
−$10.1K −$4.83/SF
NOI
$30.3K $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%
$605,180
Cap Rate 7%
$432,271
Cap Rate 9%
$336,211
Alternative Uses
Best Use
Office B
$432.3K
$378.2K – $504.3K
NOI $30,259 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$27.79M
$24.32M – $32.42M
NOI $1,945,242 @ 7.0% cap · market cap 311.73%
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
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 84070, UT
30,885
Population
12,212
Households
2.5
Avg Household Size
34
Median Age
36%
College-Educated
93%
High-School Grad
7.3 sq mi
ZIP Area
4,231
Density / Sq Mi
$79,414
Median Household Income
$44,013
Median Earnings
$1,578
Median Rent
$429,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Office condo for sale offering 2,087 SF of office space.
Where is this office units located?
The property is located at 8706 S 700 E Sandy, UT.
What is the asking price?
The asking price for this property is $624,013.
What are key features of this property?
This property features: Office condo for sale offering 2,087 SF of office space; Building area: 2,087 SF (office condo)
