Retail and Office Investment
For Sale
Contact for pricing
1518 South 1100 East, Salt Lake City, UT 84105
Investment sale of a mixed retail and office property with reported 0% vacancy and a stated 6.8% cap rate.
Property Size11,153 SF
Price / SF$185.33
Days on Market52
Property Features for 1518 South 1100 East
General Information
Standard status
Active
Size
11,153 SF
Total Parking Spaces
30
Property subtype
Retail, Office
Zoning
RB
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$145,371
Additional Details
Cap Rate
6.8%
Building Details
Year Built
1954
Year Renovated
1994
Units
10
Tenancy
Multi
Listing Agency:
Colliers - Salt Lake City, Utah
Listed By:
William Riedel · License #13911643-SA00
Source:
Crexi
Added: Jun 22
Changed: Aug 10
Last Checked: Aug 11 at 7:39AM
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 Colliers - Salt Lake City, Utah
Investment Insights
Based on property information with market context.
This offering presents an investment sale opportunity featuring a mixed-use configuration of retail space and office units within a single commercial property. The property totals 11,153 square feet and is presented with a reported 0% vacancy, along with a stated 6.8% cap rate as described in the seller’s remarks.
Located at 1518 South 1100 East in Salt Lake City, Utah 84105, the asset is positioned as a combined retail and office format for an owner-operator or investor seeking a single building with multiple commercial uses under one roof. The information provided emphasizes its investment profile rather than an individual unit layout.
For buyers evaluating income-producing commercial real estate, this property may fit those looking for exposure to both retail and office space in a consolidated investment. The seller’s remarks also highlight stability indicators, including the stated 0% vacancy and the 6.8% cap rate, which can be reviewed alongside due diligence on tenancy and operating details.
Located at 1518 South 1100 East in Salt Lake City, Utah 84105, the asset is positioned as a combined retail and office format for an owner-operator or investor seeking a single building with multiple commercial uses under one roof. The information provided emphasizes its investment profile rather than an individual unit layout.
For buyers evaluating income-producing commercial real estate, this property may fit those looking for exposure to both retail and office space in a consolidated investment. The seller’s remarks also highlight stability indicators, including the stated 0% vacancy and the 6.8% cap rate, which can be reviewed alongside due diligence on tenancy and operating details.
Key Highlights
- Built in 1954
- Reported 0% vacancy
- Stated 6.8% cap rate (investment sale)
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
$166,643
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
8.06%
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%
$3,332,860
$3.3M
Cap Rate 7%
$2,380,614
$2.4M
Cap Rate 9%
$1,851,589
$1.9M
Market Conditions
NOI Build-Up for 11,153 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
$244.9K $21.96/SF
− Vacancy
−$6.9K −$0.61/SF
EGI
$238.1K $21.35/SF
− OpEx
−$71.4K −$6.40/SF
NOI
$166.6K $14.94/SF
Area
Salt Lake City, UT
Vacancy
2.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$3,332,860
Cap Rate 7%
$2,380,614
Cap Rate 9%
$1,851,589
Alternative Uses
Best Use
Retail
$2.38M
$2.08M – $2.78M
NOI $166,643 @ 7.0% cap · market cap 8.06%
Second Best
Office B
$2.31M
$2.02M – $2.70M
NOI $161,707 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$3.00M
$2.63M – $3.51M
NOI $210,335 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
Median Home Value
Market
Vacancy Rate% for Office in Salt Lake City, UT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Investment sale of a mixed retail and office property with reported 0% vacancy and a stated 6.8% cap rate.
Where is this retail space located?
The property is located at 1518 South 1100 East Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,067,000.
What are key features of this property?
This property features: Built in 1954; Reported 0% vacancy; Stated 6.8% cap rate (investment sale)
