Standalone Office with Prime
For Sale
$879,000
Pending
177 E FORT UNION BLVD E, Midvale, UT 84047
Standalone office building offers private offices, conference space, and restrooms with high-visibility frontage.
Property Size3,010 SF
Days on Market111
Property Features for 177 E FORT UNION BLVD E
General Information
Standard status
Pending
Size
3,010 SF
Zoning
Commercial
Site & Location
Traffic Count
35,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,747
Amenities
Customized Wheelchair Accessible, Accessible Entrance
Central Air
Forced Air
Paved
Building Details
Building Size
3,010 SF
Year Built
2000
Listing Agency:
Colliers | Salt Lake City Millrock
Listed By:
Marcy Pitman
(801) 947-8330
Source:
Evrealestate
Added: Jul 7
Changed: Oct 10
Last Checked: Oct 24 at 4:59PM
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 Millrock
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Investment Insights
Based on property information with market context.
This standalone office building includes approximately 3,010 square feet configured with eight private offices, one conference room, and additional support space such as a storage room and breakroom. The layout also provides one private restroom and one public restroom, supporting both internal staff use and customer visits.
The property is positioned along Fort Union Boulevard with excellent access to I-15 and I-215, and it benefits from strong brand and customer visibility with frontage visibility associated with approximately 35,000 vehicles daily. It is described as having flexible use characteristics under mixed-use zoning, and it is also characterized as a standalone office, retail storefront, and medical office building.
As presented, the building is designed for a professional office environment with dedicated rooms for collaboration and meeting needs, while the zoning and mixed-use context support broader long-term flexibility.
The property is positioned along Fort Union Boulevard with excellent access to I-15 and I-215, and it benefits from strong brand and customer visibility with frontage visibility associated with approximately 35,000 vehicles daily. It is described as having flexible use characteristics under mixed-use zoning, and it is also characterized as a standalone office, retail storefront, and medical office building.
As presented, the building is designed for a professional office environment with dedicated rooms for collaboration and meeting needs, while the zoning and mixed-use context support broader long-term flexibility.
Key Highlights
- Standalone office building with +/- 35,000 vehicles/day brand and customer visibility on Fort Union Boulevard
- 3,010 SF layout with 8 private offices, 1 conference room, storage room, and breakroom
- Restroom setup includes 1 private restroom and 1 public restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,642
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,840
$872.8K
Cap Rate 7%
$623,457
$623.5K
Cap Rate 9%
$484,911
$484.9K
Market Conditions
NOI Build-Up for 3,010 SF
Gross rent
$64.7K $21.48/SF
− Vacancy
−$6.5K −$2.15/SF
EGI
$58.2K $19.33/SF
− OpEx
−$14.5K −$4.83/SF
NOI
$43.6K $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 Rate 5%
$872,840
Cap Rate 7%
$623,457
Cap Rate 9%
$484,911
Alternative Uses
Best Use
Office B
$623.5K
$545.5K – $727.4K
NOI $43,642 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.08M
$35.07M – $46.76M
NOI $2,805,548 @ 7.0% cap · market cap 319.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
35,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 84047, UT
37,146
Population
17,221
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
5,804
Density / Sq Mi
$73,120
Median Household Income
$43,845
Median Earnings
$1,482
Median Rent
$404,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Standalone office building offers private offices, conference space, and restrooms with high-visibility frontage.
Where is this office building located?
The property is located at 177 E FORT UNION BLVD E Midvale, UT.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Standalone office building with +/- 35,000 vehicles/day brand and customer visibility on Fort Union Boulevard; 3,010 SF layout with 8 private offices, 1 conference room, storage room, and breakroom; Restroom setup includes 1 private restroom and 1 public restroom
