Freestanding Single-Story Office
1975 W 3500 S, Salt Lake City, UT 84119
For Sale
$588,800
A single-tenant layout, on-site parking, and C-2 zoning support a range of office and commercial uses.
Property Size2,560 SF
Lot Size0.15 Acres
Price / SF$230
Days on Market123
Property Features for 1975 W 3500 S
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
abundant natural light
prominent signage opportunities
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Listing Agency:
KW Utah Realtors Keller Williams (Brickyard)
Listed By:
Shad Selmos · License UT 9241614SA00
(801) 907-1888
Source:
Doxeygroup
Added: Jul 10
Changed: Nov 7
Last Checked: Nov 9 at 12:11PM
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 KW Utah Realtors Keller Williams (Brickyard)
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Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 2,560 square feet in a single-story configuration on a 0.15-acre parcel. Built in 1977, it is arranged for one tenant and includes eight parking stalls, natural light, and prominent signage opportunities. The zoning designation is C-2, with office, professional service, and commercial uses described as permitted possibilities.
The building fronts 3500 South, where traffic is approximately 36,000 vehicles per day. Access to I-215 and I-15 is noted, and Salt Lake City International Airport is identified as a nearby access point. Established commercial and industrial businesses surround the property.
The building fronts 3500 South, where traffic is approximately 36,000 vehicles per day. Access to I-215 and I-15 is noted, and Salt Lake City International Airport is identified as a nearby access point. Established commercial and industrial businesses surround the property.
Key Highlights
- Approximately 2,560 square feet on a 0.15‑acre parcel
- Eight on‑site parking stalls
- C‑2 zoning supports office, professional service, and commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,117
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,340
$742.3K
Cap Rate 7%
$530,243
$530.2K
Cap Rate 9%
$412,411
$412.4K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$55.0K $21.48/SF
− Vacancy
−$5.5K −$2.15/SF
EGI
$49.5K $19.33/SF
− OpEx
−$12.4K −$4.83/SF
NOI
$37.1K $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 Rate 5%
$742,340
Cap Rate 7%
$530,243
Cap Rate 9%
$412,411
Alternative Uses
Best Use
Office B
$530.2K
$464.0K – $618.6K
NOI $37,117 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.7K
$603.5K – $804.7K
NOI $48,279 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
Median Home Value
Market
Properties on Market for Office buildings in Salt Lake City
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office building - A single-tenant layout, on-site parking, and C-2 zoning support a range of office and commercial uses.
Where is this office building located?
The property is located at 1975 W 3500 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $588,800.
What are key features of this property?
This property features: Approximately 2,560 square feet on a 0.15‑acre parcel; Eight on‑site parking stalls; C‑2 zoning supports office, professional service, and commercial uses
