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    Standalone Office and Medical Building Title is generated by Realmo AI

    2155 E 3300 S, Millcreek, UT 84109

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    Move-in ready standalone building with reception, private offices, and lower-level workspace for professional or medical users.

    Type:Retail, Office
    Property size:
    1,967 SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:51 am

    Property Features for 2155 E 3300 S

    General Information

    Standard status
    Active
    Size
    1,967 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 2155 E 3300 S Contact us

    We can help!

    Listing Contact
    Devin Wright

    Listing agent Devin Wright License #UT 12068226-SA00

    Listing office Align Complete Real Estate Services

    Listing date Jun 3, 2026

    Source Crexi

    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 Align Complete Real Estate Services

    HighLights

    • 1,967 SF standalone building on Millcreek’s 3300 South commercial corridor
    • Main floor includes reception, kitchenette, and three private offices
    • Lower level features a conference room and open‑concept bullpen/workspace
    • Recent updates include paint, lighting, paving, flooring, and HVAC
    • Ethernet wiring throughout plus a dedicated server rack in the utility room
    • Seven on‑site parking stalls with secure off‑street parking

    Overview

    This standalone office building offers a flexible two-level layout suited for medical, retail, or professional service users. The main floor includes a reception area, kitchenette, and three private offices. The lower level features a spacious conference room and an open-concept bullpen/workspace designed for collaboration or team expansion. Recent updates include paint, lighting, paving, flooring, and HVAC, along with Ethernet wiring throughout and a dedicated server rack in the utility room.

    Located along Millcreek’s 3300 South commercial corridor, the property is positioned just blocks from the new Millcreek City Center and minutes from downtown Salt Lake City. It provides easy access to I-80 and I-215, with seven on-site parking stalls offering secure, off-street parking for staff and clients.

    With ready-to-use interior improvements and technology infrastructure in place, this building is a practical fit for organizations seeking a self-contained facility and straightforward operations. The combination of reception, private offices, conference space, and open workspace supports a range of day-to-day workflows, from client-facing services to team-based operations.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millcreek
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.828413
    Latitude
    40.700226

    Nearby Similar for Lease

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    • Contact for pricing
      2,007 SF

      Millcreek Retail Space For Lease

      Prime retail space available in the heart of Millcreek.
      1323 E Villa Vista Ave, Millcreek, UT
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      2,741 SF

      Retail Space in Millcreek

      Retail spaces available in high-traffic Millcreek shopping center.
      3171-3285 East 3300 South, Millcreek, UT 84109
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    FAQs

    What type of property is this?
    Office units - Move-in ready standalone building with reception, private offices, and lower-level workspace for professional or medical users.
    Where is this office units located?
    The property is located at 2155 E 3300 S Millcreek, UT.
    What are key features of this property?
    This property features: 1,967 SF standalone building on Millcreek’s 3300 South commercial corridor; Main floor includes reception, kitchenette, and three private offices; Lower level features a conference room and open‑concept bullpen/workspace
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Devin Wright
    Real Estate License ID: UT 12068226-SA00
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2155 E 3300 S, Millcreek, UT 84109
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