Salt Lake City Retail
For Sale
$2,900,000
202 West 300 South, Salt Lake City, UT 84101
10,000 SF commercial building in Salt Lake City.
Property Size10,000 SF
Price / SF$290
Days on Market240
Property Features for 202 West 300 South
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Building Details
Building Size
10,000 SF
Listing Agency:
InterNet Properties
Listed By:
Nico Priskos · License #9181934-SA00
(801) 413-8902
Source:
Iproperties
Added: Feb 26
Changed: Oct 21
Last Checked: Oct 23 at 4:39AM
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 InterNet Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 202 West 300 South in Salt Lake City, this commercial building offers a prime investment opportunity. The property features 10,000 square feet of space, suitable for retail and restaurant ventures. The building's layout provides versatile options for creating a dynamic retail or dining experience. Its location offers exceptional visibility, making it an attractive prospect for investors seeking a prominent presence in a thriving commercial hub.
Key Highlights
- Prime investment opportunity in Salt Lake City.
- 10,000 SF commercial building ideal for retail and restaurant investors.
- Versatile layout options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,416
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,988,320
$3.0M
Cap Rate 7%
$2,134,514
$2.1M
Cap Rate 9%
$1,660,178
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$219.6K $21.96/SF
− Vacancy
−$6.1K −$0.61/SF
EGI
$213.5K $21.35/SF
− OpEx
−$64.0K −$6.40/SF
NOI
$149.4K $14.94/SF
Area
Salt Lake City, UT
Vacancy
2.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,988,320
Cap Rate 7%
$2,134,514
Cap Rate 9%
$1,660,178
Alternative Uses
Best Use
Retail
$2.13M
$1.87M – $2.49M
NOI $149,416 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,590 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,968
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 38%
Hotels & Casinos 22%
McDonald's
Dining
41,636 visits/mo
0.3 miles
Maverik Adventures First Stop
Shops & Services
18,366 visits/mo
0.4 miles
Starbucks
Dining
12,817 visits/mo
0.1 miles
Sheraton Salt Lake City Hotel
Hotels & Casinos
10,938 visits/mo
0.3 miles
Chevron
Shops & Services
9,583 visits/mo
0.2 miles
Demographics for 84101, UT
8,140
Population
5,605
Households
1.5
Avg Household Size
34
Median Age
51%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,522
Density / Sq Mi
$70,391
Median Household Income
$55,238
Median Earnings
$1,336
Median Rent
$541,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Retail space - 10,000 SF commercial building in Salt Lake City.
Where is this retail space located?
The property is located at 202 West 300 South Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime investment opportunity in Salt Lake City.; 10,000 SF commercial building ideal for retail and restaurant investors.; Versatile layout options.
