Flex Space with Built-Out
135 South 1400 West, Salt Lake City, UT 84104
For Sale
Contact for pricing
The R&D layout includes private offices, restrooms, a conference room, and a garage door.
Property Size6,000 SF
Lot Size0.19 Acres
Price / SF$283.33
Days on Market32
Property Features for 135 South 1400 West
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Additional Details
Mezzanine
Property Use
Amenities
Conference Room
Building Details
Buildings
Listing Agency:
Newmark Mountain West
Listed By:
Spencer Greer · License #UT 10484989-SA00
(801) 783-3078
Source:
Crexi
Added: Oct 9
Changed: Nov 9
Last Checked: Nov 8 at 3:31PM
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 Newmark Mountain West
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property offers approximately 6,000 square feet of R&D space, including 2,000 square feet of finished mezzanine area. The layout also features three private offices, three private restrooms, a conference room, and one garage door. The site covers 0.19 acres.
The property is situated in Salt Lake City’s established industrial market, with access to major transportation routes and nearby industrial and commercial businesses.
The property is situated in Salt Lake City’s established industrial market, with access to major transportation routes and nearby industrial and commercial businesses.
Key Highlights
- Approximately 6,000 SF of R&D space, including 2,000 SF of built‑out mezzanine area
- 0.19 AC site
- Three private offices and three private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,800
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,000
$1.7M
Cap Rate 7%
$1,182,857
$1.2M
Cap Rate 9%
$920,000
$920.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$144.0K $24.00/SF
− Vacancy
−$11.5K −$1.92/SF
EGI
$132.5K $22.08/SF
− OpEx
−$49.7K −$8.28/SF
NOI
$82.8K $13.80/SF
Area
Salt Lake City, UT
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,000
Cap Rate 7%
$1,182,857
Cap Rate 9%
$920,000
Alternative Uses
Best Use
Mixed Use
$1.18M
$1.04M – $1.38M
NOI $82,800 @ 7.0% cap · market cap 4.87%
Second Best
Flex RnD
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,154 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
Market
Properties on Market for Flex space in Salt Lake City
Vacancy Rate% for Industrial in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Flex space - The R&D layout includes private offices, restrooms, a conference room, and a garage door.
Where is this flex space located?
The property is located at 135 South 1400 West Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 6,000 SF of R&D space, including 2,000 SF of built‑out mezzanine area; 0.19 AC site; Three private offices and three private restrooms
