Building Details

Tenancy Single

Owner Occupied Yes

Listing Agency: KW WESTFIELD Show Phone

Listed By: Clay Winder · License #6425070 Show Phone

Source: Exprealty

Added: Oct 15 Changed: Oct 19 Last Checked: Oct 19 at 2:20PM

Report an Issue

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 WESTFIELD

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,000-square-foot office condominium occupies the second floor of Twin Peaks Office Condominiums in Sandy. Suites 203 and 204 have been combined into one suite with 15 private offices, two meeting rooms, a reception area, and a full kitchen. Interior finishes include granite counters, marble and hardwood floors, and a fireplace. The building has elevator service, and covered parking is provided.

The property has access to I-15. Crown signage is available. The space is offered for sale and is also available for lease, with possession anticipated around January 15, 2027.

Key Highlights

• 5,000 SF of second‑floor office condominium space
• Suites 203 and 204 combined into one professional suite
• 15 private offices, two meeting rooms, reception area, and full kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,495

Cap Rate

7.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,449,900 $1.4M

Cap Rate 7%

$1,035,643 $1.0M

Cap Rate 9%

$805,500 $805.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$107.4K $21.48/SF

− Vacancy

−$10.7K −$2.15/SF

EGI

$96.7K $19.33/SF

− OpEx

−$24.2K −$4.83/SF

NOI

$72.5K $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%

$1,449,900

Cap Rate 7%

$1,035,643

Cap Rate 9%

$805,500

Alternative Uses

Best Use

Office B

$1.04M

$906.2K – $1.21M (±1% cap)

NOI $72,495 @ 7.0% cap · market cap 7.63%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$66.58M

$58.25M – $77.67M (±1% cap)

NOI $4,660,379 @ 7.0% cap · market cap 490.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Grocery & Convenience Store Daycare Center Wine and Liquor Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

520

Businesses Nearby

Explore this area Business Placement

Demographics for 84070, UT

30,885

Population

12,212

Households

2.5

Avg Household Size

34

Median Age

36%

College-Educated

93%

High-School Grad

7.3 sq mi

ZIP Area

4,231

Density / Sq Mi

$79,414

Median Household Income

$44,013

Median Earnings

$1,578

Median Rent

$429,400

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Office Condominium with Private Offices

8915 S 700 E Unit 203, Sandy, UT 84070

$950,000

5,000 SF

View details

Class A Office Units

7390 S Creek Rd, Sandy, UT 84093

$900,000

4,209 SF

View details

Move-In Ready Office Space

8871 Sandy Pkwy, Sandy, UT

Contact for pricing

5,033 SF

View details

Office Condo Suite

8706 S 700 E, Sandy, UT 84070

Contact for pricing

2,087 SF

View details

Office Building with 5 Suites

11339 S 700 E, Sandy, UT 84094

Contact for pricing

17,208 SF

View details

Updated Office Condos For Sale

9272 S 700 E, Sandy, UT 84070

Contact for pricing

54,128 SF

View details

Two Adjacent Office Suites

103-c-7430 S Creek Rd, Sandy, UT 84093

$507,525

View details

Adjacent Office Units

7430 S CREEK RD #103 C, Sandy, UT 84093

$507,525

View details

Updated Office Condo Units

9270-9362 S 700 E, Sandy, UT 84070

Contact for pricing

54,128 SF

View details

Two Adjacent Office Suites

104c-7430 S Creek Rd, Sandy, UT 84093

$438,000

View details

Church Facility with Flexible Layout

166 E 10600 S, Sandy, UT 84070

$1,900,000

7,200 SF

View details

Established Car Wash Business Opportunity

9251 S 1300 E, Sandy, UT 84094

Contact for pricing

5,287 SF

View details

Frequently Asked Questions

What type of property is this?

Office unit - The suite includes 15 private offices, two meeting rooms, reception space, and a full kitchen.

Where is this office unit located?

The property is located at 203-8915 S 700 E Sandy, UT.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 5,000 SF of second‑floor office condominium space; Suites 203 and 204 combined into one professional suite; 15 private offices, two meeting rooms, reception area, and full kitchen