Office Building with Updated
New
For Sale
$1,299,000
14441 S 980 W, Riverton, UT 84065
Established office property with regional access and a roof replaced approximately two years ago.
Property Size5,066 SF
Days on Market6
Property Features for 14441 S 980 W
General Information
Standard status
Active
Size
5,066 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
5,066 SF
Year Built
2006
Listing Agency:
Village Real Estate Inc
(801) 580-4233
Listed By:
Vann Larson
(801) 580-4233
Source:
Liftrealty
Added: Aug 7
Changed: Aug 12
Last Checked: Aug 12 at 5:45AM
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 Village Real Estate Inc
Investment Insights
Based on property information with market context.
This office building was constructed in 2006 and received a roof replacement approximately two years ago. The property is located at 14441 S 980 W in Riverton, Utah, with access to I-15 and connectivity throughout the Wasatch Front.
Its position provides reach to both Salt Lake and Utah Counties, along with nearby valley amenities. The property is classified as an office building and is suited to commercial office use.
Its position provides reach to both Salt Lake and Utah Counties, along with nearby valley amenities. The property is classified as an office building and is suited to commercial office use.
Key Highlights
- Office building constructed in 2006
- Roof replaced approximately 2 years ago
- Located at 14441 S 980 W, Riverton, UT 84065
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,452
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,469,040
$1.5M
Cap Rate 7%
$1,049,314
$1.0M
Cap Rate 9%
$816,133
$816.1K
Market Conditions
NOI Build-Up for 5,066 SF
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.
Gross rent
$108.8K $21.48/SF
− Vacancy
−$10.9K −$2.15/SF
EGI
$97.9K $19.33/SF
− OpEx
−$24.5K −$4.83/SF
NOI
$73.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,469,040
Cap Rate 7%
$1,049,314
Cap Rate 9%
$816,133
Alternative Uses
Best Use
Office B
$1.05M
$918.2K – $1.22M
NOI $73,452 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$67.46M
$59.02M – $78.70M
NOI $4,721,896 @ 7.0% cap · market cap 363.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 84065, UT
49,295
Population
15,734
Households
3.1
Avg Household Size
31
Median Age
36%
College-Educated
95%
High-School Grad
20.6 sq mi
ZIP Area
2,393
Density / Sq Mi
$122,809
Median Household Income
$57,158
Median Earnings
$1,783
Median Rent
$595,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Established office property with regional access and a roof replaced approximately two years ago.
Where is this office building located?
The property is located at 14441 S 980 W Riverton, UT.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Office building constructed in 2006; Roof replaced approximately 2 years ago; Located at 14441 S 980 W, Riverton, UT 84065
