Multi-Tenant Sugar House
For Sale
$2,067,000
Pending
1524 S 1100 E, Salt Lake City, UT 84105
Multi-tenant office property with abundant on- and off-street parking and access to major eastside routes.
Property Size11,153 SF
Days on Market71
Property Features for 1524 S 1100 E
General Information
Standard status
Pending
Size
11,153 SF
Property subtype
Office
Building Details
Building Size
11,153 SF
Year Built
1954
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty (Salt Lake-Sugar House)
(801) 809-5620
Listed By:
Toni Carter
(801) 809-5620
Source:
Liftrealty
Added: Jun 12
Changed: Aug 20
Last Checked: Aug 20 at 4:58AM
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 Coldwell Banker Realty (Salt Lake-Sugar House)
Investment Insights
Based on property information with market context.
This multi-tenant office property is offered for sale and is positioned in the Sugar House area. The building supports professional office use and offers parking options for tenants and visitors, with on- and off-street parking described as abundant in the public remarks.
The property is located at 1524 S 1100 E in Salt Lake City, Utah, on the east side with easy access to downtown. It is also described as close to I-80 and I-215, placing it within reach of major regional connectivity. The public remarks indicate that the heart of Sugar House is only a few blocks south, while the 9th and 9th area is only blocks away to the north, contributing to a walkable, active surroundings profile.
For professional firms seeking an office setting in Sugar House, this property’s multi-tenant configuration and parking availability can support everyday operations and client access. Its proximity to downtown and major interstates may appeal to tenants that prioritize convenience for staff and customers.
The property is located at 1524 S 1100 E in Salt Lake City, Utah, on the east side with easy access to downtown. It is also described as close to I-80 and I-215, placing it within reach of major regional connectivity. The public remarks indicate that the heart of Sugar House is only a few blocks south, while the 9th and 9th area is only blocks away to the north, contributing to a walkable, active surroundings profile.
For professional firms seeking an office setting in Sugar House, this property’s multi-tenant configuration and parking availability can support everyday operations and client access. Its proximity to downtown and major interstates may appeal to tenants that prioritize convenience for staff and customers.
Key Highlights
- Multi‑tenant office building built in 1954
- Abundant on- and off‑street parking
- Eastside location with easy access to downtown
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
$161,707
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
7.82%
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%
$3,234,140
$3.2M
Cap Rate 7%
$2,310,100
$2.3M
Cap Rate 9%
$1,796,744
$1.8M
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
$239.6K $21.48/SF
− Vacancy
−$24.0K −$2.15/SF
EGI
$215.6K $19.33/SF
− OpEx
−$53.9K −$4.83/SF
NOI
$161.7K $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 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%
$3,234,140
Cap Rate 7%
$2,310,100
Cap Rate 9%
$1,796,744
Alternative Uses
Best Use
Office B
$2.31M
$2.02M – $2.70M
NOI $161,707 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
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
Lease Details
Multi-tenant
Tenancy
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?
Office building - Multi-tenant office property with abundant on- and off-street parking and access to major eastside routes.
Where is this office building located?
The property is located at 1524 S 1100 E 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: Multi‑tenant office building built in 1954; Abundant on- and off‑street parking; Eastside location with easy access to downtown
