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 Market194
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 Inc
Listed By:
Nico Priskos · License #9181934-SA00
(801) 413-8902
Source:
Iproperties
Added: Feb 26
Changed: Sep 4
Last Checked: Sep 8 at 5:39AM
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 Inc
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 = 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
$149,416
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
5.15%
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%
$2,988,320
$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
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
$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 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%
$2,988,320
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Questions? Ask Rey
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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.
