Renovated Mixed-Use
2135 S West Temple, South Salt Lake, UT 84115
For Sale
$1,995,000
Office suites and a warehouse combine within a DT-zoned property with updated building systems.
Property Size10,100 SF
Price / SF$197.52
Days on Market110
Property Features for 2135 S West Temple
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Warehouse Space
Voltage
Three-Phase Power
Conditioned Warehouse
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Windermere Real Estate (Park City)
(435) 645-9090
Listed By:
Gabe Westberg
(435) 731-7917
Source:
Etzelonline
Added: Jul 21
Changed: Nov 7
Last Checked: Nov 7 at 2:18PM
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 Windermere Real Estate (Park City)
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Investment Insights
Based on property information with market context.
This 10,100-square-foot mixed-use property includes 13 office suites and 7 bathrooms, with office areas renovated in 2022. The warehouse spans 3,355 square feet and has two 12' x 10' overhead doors, 15-foot clear height, heating, and evaporative cooling. Electrical service is 208V High Stinger three phase, and the building has a backup generator. Building improvements include furnaces installed in 2021, water heaters from 2023, and office A/C added in 2024.
Zoned DT, the property is in South Salt Lake's Downtown District. Potential uses should be confirmed with the South Salt Lake Planning and Zoning Commission. Showings are by appointment.
Zoned DT, the property is in South Salt Lake's Downtown District. Potential uses should be confirmed with the South Salt Lake Planning and Zoning Commission. Showings are by appointment.
Key Highlights
- 10,100 SF mixed‑use property with DT zoning
- 13 office suites and 7 bathrooms; office areas renovated in 2022
- 3,355 SF warehouse with two 12' x 10' overhead doors and 15' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,132
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,922,640
$2.9M
Cap Rate 7%
$2,087,600
$2.1M
Cap Rate 9%
$1,623,689
$1.6M
Market Conditions
NOI Build-Up for 10,100 SF
Gross rent
$263.0K $26.04/SF
− Vacancy
−$29.2K −$2.89/SF
EGI
$233.8K $23.15/SF
− OpEx
−$87.7K −$8.68/SF
NOI
$146.1K $14.47/SF
Area
Salt Lake County, UT
Vacancy
11.10%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,922,640
Cap Rate 7%
$2,087,600
Cap Rate 9%
$1,623,689
Alternative Uses
Best Use
Mixed Use
$2.09M
$1.83M – $2.44M
NOI $146,132 @ 7.0% cap · market cap 7.32%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,369 @ 7.0% cap · market cap 4.18%
Theoretical Best
Multifamily LT 5
$134.49M
$117.67M – $156.90M
NOI $9,413,965 @ 7.0% cap · market cap 471.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
15 ft
Clear height
13
Office units
Location Intelligence
Trade Area within ½ mile
1,621
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Salt Lake County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites and a warehouse combine within a DT-zoned property with updated building systems.
Where is this mixed-use property located?
The property is located at 2135 S West Temple South Salt Lake, UT.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 10,100 SF mixed‑use property with DT zoning; 13 office suites and 7 bathrooms; office areas renovated in 2022; 3,355 SF warehouse with two 12' x 10' overhead doors and 15' clear height
