Office Building For
For Sale
$1,795,000
1574 W 1700 S, Salt Lake City, UT 84104
Office building for sale in Salt Lake County, UT, located at 1574 W 1700 S.
Property Size9,740 SF
Days on Market183
Property Features for 1574 W 1700 S
General Information
Standard status
Active
Size
9,740 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$12,995
Amenities
Customized Wheelchair Accessible, Accessible Full Bath, Accessible Entrance
Central Air
Forced Air
Paved
Building Details
Building Size
9,740 SF
Year Built
1984
Listing Agency:
Spark Realty, LLC
Listed By:
Christie Daugherty · License #8650059
(702) 400-1022
Source:
Evrealestate
Added: Mar 17
Changed: Sep 14
Last Checked: Sep 15 at 5:42AM
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 Spark Realty, LLC
Investment Insights
Based on property information with market context.
This office building is offered for sale and is suitable for business use within a professional office setting. The property is part of the commercial real estate office category, supporting a range of office-oriented tenant and buyer needs.
The offering is located in Salt Lake County, Utah at 1574 W 1700 S in Salt Lake City (84104). Prospective buyers and brokers can review the on-site layout and finishes directly to confirm configuration and fit for their intended office use.
Additional details such as building size, unit configuration, and interior improvements are not provided in the available marketing information, so due diligence will be necessary to determine specifics for underwriting and positioning.
The offering is located in Salt Lake County, Utah at 1574 W 1700 S in Salt Lake City (84104). Prospective buyers and brokers can review the on-site layout and finishes directly to confirm configuration and fit for their intended office use.
Additional details such as building size, unit configuration, and interior improvements are not provided in the available marketing information, so due diligence will be necessary to determine specifics for underwriting and positioning.
Key Highlights
- Office building for sale in Salt Lake County, UT at 1574 W 1700 S
- Built in 1984
- Central air conditioning and forced‑air heating
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
$141,220
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
7.87%
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%
$2,824,400
$2.8M
Cap Rate 7%
$2,017,429
$2.0M
Cap Rate 9%
$1,569,111
$1.6M
Market Conditions
NOI Build-Up for 9,740 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
$209.2K $21.48/SF
− Vacancy
−$20.9K −$2.15/SF
EGI
$188.3K $19.33/SF
− OpEx
−$47.1K −$4.83/SF
NOI
$141.2K $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%
$2,824,400
Cap Rate 7%
$2,017,429
Cap Rate 9%
$1,569,111
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.35M
NOI $141,220 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.30M – $3.06M
NOI $183,687 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Office building for sale in Salt Lake County, UT, located at 1574 W 1700 S.
Where is this office building located?
The property is located at 1574 W 1700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Office building for sale in Salt Lake County, UT at 1574 W 1700 S; Built in 1984; Central air conditioning and forced‑air heating
