Medical Office Suite with Dental
New
For Sale
$961,333
1955 S 1300 E Ste L2, Salt Lake City, UT 84105
Suite L2 is supported by a recently renewed five-year lease with MB2 Dental.
Property Size2,140 SF
Days on Market3
Property Features for 1955 S 1300 E Ste L2
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
±6.1 YRS
Net Operating Income
$72,100
Building Details
Building Size
2,140 SF
Tenancy
Single
Listing Agency:
Matthews Real Estate Investments Services | New York
Listed By:
Seamus O'Brien · License #02129205 (CA)
(773) 219-0964
Source:
Matthews
Added: Sep 16
Last Checked: Sep 18 at 3:42AM
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 Matthews Real Estate Investments Services | New York
Investment Insights
Based on property information with market context.
Suite L2 at 1955 S 1300 E in Salt Lake City is a medical office property occupied by MB2 Dental. The tenant has renewed its lease for five years, providing a defined occupancy term. MB2 Dental operates within a dental support organization network exceeding 800 locations.
The property is positioned near a retail corridor with national tenants including Nordstrom, Starbucks, Wendy’s, and Taco Bell. More than 345,000 residents are reported within a ±5-mile radius. The surrounding retail presence and nearby population base provide documented context for the suite’s location and tenant operations.
The property is positioned near a retail corridor with national tenants including Nordstrom, Starbucks, Wendy’s, and Taco Bell. More than 345,000 residents are reported within a ±5-mile radius. The surrounding retail presence and nearby population base provide documented context for the suite’s location and tenant operations.
Key Highlights
- Five‑year lease renewal completed with MB2 Dental
- Medical office suite L2 at 1955 S 1300 E, Salt Lake City, UT 84105
- MB2 Dental is part of a network exceeding 800 locations
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
$31,028
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
3.23%
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%
$620,560
$620.6K
Cap Rate 7%
$443,257
$443.3K
Cap Rate 9%
$344,756
$344.8K
Market Conditions
NOI Build-Up for 2,140 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
$46.0K $21.48/SF
− Vacancy
−$4.6K −$2.15/SF
EGI
$41.4K $19.33/SF
− OpEx
−$10.3K −$4.83/SF
NOI
$31.0K $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%
$620,560
Cap Rate 7%
$443,257
Cap Rate 9%
$344,756
Alternative Uses
Best Use
Office B
$443.3K
$387.9K – $517.1K
NOI $31,028 @ 7.0% cap · market cap 3.23%
Second Best
Healthcare Medical
$432.2K
$378.2K – $504.2K
NOI $30,254 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$576.5K
$504.5K – $672.6K
NOI $40,358 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Salt Lake City, UT
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Suite L2 is supported by a recently renewed five-year lease with MB2 Dental.
Where is this medical office space located?
The property is located at 1955 S 1300 E Ste L2 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $961,333.
What are key features of this property?
This property features: Five‑year lease renewal completed with MB2 Dental; Medical office suite L2 at 1955 S 1300 E, Salt Lake City, UT 84105; MB2 Dental is part of a network exceeding 800 locations
