Standalone Office with Prime
177 East Fort Union Blvd Midvale, UT 84047
New
For Sale
$879,000
Standalone office building offers private offices, conference space, and restrooms with high-visibility frontage.
Property Size3,010 SF
Price / SF$292.03
Days on Market4
Property Features for 177 East Fort Union Blvd
General Information
- Standard status
- Active
- Size
- 3,010 SF
- Property subtype
- Office
Listing Agency:
Salt Lake City - Millrock
(801) 947-8330
Listed By:
Marcy Pitman · License #5485926-SA00
(801) 947-8330
Source:
Colliers
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 2:28AM
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 Salt Lake City - Millrock
Investment Insights
Based on property information with market context.
This standalone office building includes approximately 3,010 square feet configured with eight private offices, one conference room, and additional support space such as a storage room and breakroom. The layout also provides one private restroom and one public restroom, supporting both internal staff use and customer visits.
The property is positioned along Fort Union Boulevard with excellent access to I-15 and I-215, and it benefits from strong brand and customer visibility with frontage visibility associated with approximately 35,000 vehicles daily. It is described as having flexible use characteristics under mixed-use zoning, and it is also characterized as a standalone office, retail storefront, and medical office building.
As presented, the building is designed for a professional office environment with dedicated rooms for collaboration and meeting needs, while the zoning and mixed-use context support broader long-term flexibility.
The property is positioned along Fort Union Boulevard with excellent access to I-15 and I-215, and it benefits from strong brand and customer visibility with frontage visibility associated with approximately 35,000 vehicles daily. It is described as having flexible use characteristics under mixed-use zoning, and it is also characterized as a standalone office, retail storefront, and medical office building.
As presented, the building is designed for a professional office environment with dedicated rooms for collaboration and meeting needs, while the zoning and mixed-use context support broader long-term flexibility.
Key Highlights
- Standalone office building with +/- 35,000 vehicles/day brand and customer visibility on Fort Union Boulevard
- 3,010 SF layout with 8 private offices, 1 conference room, storage room, and breakroom
- Restroom setup includes 1 private restroom and 1 public restroom
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 | $64.7k | $21.48 |
| − Vacancy | −$6.5k | −$2.15 |
| EGI | $58.2k | $19.33 |
| − OpEx | −$14.5k | −$4.83 |
| NOI | $43.6k | $14.50 |
3,010 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$623.5K
$545.5K – $727.4K
NOI $43,642 @ 7.0% cap · market cap 4.96%
Second Best
Healthcare Medical
$514.6K
$450.2K – $600.3K
NOI $36,019 @ 7.0% cap · market cap 4.10%
Theoretical Best
Multifamily LT 5
$40.08M
$35.07M – $46.76M
NOI $2,805,548 @ 7.0% cap · market cap 319.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Standalone office building offers private offices, conference space, and restrooms with high-visibility frontage.
Where is this office building located?
The property is located at 177 East Fort Union Blvd Midvale, UT.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Standalone office building with +/- 35,000 vehicles/day brand and customer visibility on Fort Union Boulevard; 3,010 SF layout with 8 private offices, 1 conference room, storage room, and breakroom; Restroom setup includes 1 private restroom and 1 public restroom
