Office Condo with Conference
1345 E 3900 S, Salt Lake City, UT 84124
For Sale
Contact for pricing
The suite has a reception area, private offices, an in-suite restroom, and a break room.
Property Size1,250 SF
Price / SF$199.92
Days on Market26
Property Features for 1345 E 3900 S
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Listing Agency:
NEXUS Commercial Real Estate
Listed By:
Jason Hagblom · License UT #10491675
(801) 860-5030
Source:
Moodyscre
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 10 at 10:44AM
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 NEXUS Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 1,250-square-foot office condominium is Unit 102 at Heritage Square. Its layout includes a reception area, private offices, a conference room, an in-suite restroom, and a break room. The space is described as suitable for medical, dental, therapy, or other professional practice use.
Key Highlights
- 1,250‑square‑foot office condominium
- Reception area, private offices, and conference room
- In‑suite restroom and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,124
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,480
$362.5K
Cap Rate 7%
$258,914
$258.9K
Cap Rate 9%
$201,378
$201.4K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$26.9K $21.48/SF
− Vacancy
−$2.7K −$2.15/SF
EGI
$24.2K $19.33/SF
− OpEx
−$6.0K −$4.83/SF
NOI
$18.1K $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%
$362,480
Cap Rate 7%
$258,914
Cap Rate 9%
$201,378
Alternative Uses
Best Use
Office B
$258.9K
$226.6K – $302.1K
NOI $18,124 @ 7.0% cap · market cap 7.25%
Second Best
Healthcare Medical
$252.5K
$220.9K – $294.5K
NOI $17,672 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$336.8K
$294.7K – $392.9K
NOI $23,574 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,350
Businesses Nearby
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Business Placement
Demographics for 84124, UT
22,872
Population
8,976
Households
2.5
Avg Household Size
38
Median Age
60%
College-Educated
98%
High-School Grad
7.7 sq mi
ZIP Area
2,970
Density / Sq Mi
$117,500
Median Household Income
$53,551
Median Earnings
$1,460
Median Rent
$704,400
Median Home Value
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Market
Properties on Market for Office Units in Salt Lake City
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office unit - The suite has a reception area, private offices, an in-suite restroom, and a break room.
Where is this office unit located?
The property is located at 1345 E 3900 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,250‑square‑foot office condominium; Reception area, private offices, and conference room; In‑suite restroom and break room
