Office Building with Classroom
For Sale
$925,000
2221 E Murray Holladay Rd, Holladay, UT 84117
Existing office layout includes restrooms, a break room, and classrooms with designated parking.
Property Size3,484 SF
Lot Size0.61 Acres
Price / SF$265.50
Days on Market106
Property Features for 2221 E Murray Holladay Rd
General Information
Standard status
Active
Size
3,484 SF
Lot size
0.61 Acres
Listing Agency:
CBRE, Inc
(801) 949-5149
Listed By:
Kreg Peterson · License #5483446-SA00
(801) 949-5149
Source:
Exprealty
Added: Apr 17
Changed: Jul 10
Last Checked: Jul 30 at 3:51PM
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 CBRE, Inc
Investment Insights
Based on property information with market context.
This 0.61-acre property includes an existing office structure totaling 3,484 SF. The interior is set up with restrooms and a break room, along with two classrooms and two offices, creating a functional mix for professional and training-oriented use. Designated parking is included with the building.
The property is offered for sale, with offers scheduled for review after the owner’s mandatory 30-day listing period expires. Zoning and allowed uses must be confirmed with the City.
For buyers evaluating an owner-occupied office or a space that can accommodate both work and classroom-style functions, the existing layout provides immediate improvements rather than a blank shell. The combination of office rooms, classrooms, and required support space such as restrooms and a break room can help streamline early fit-up planning, subject to final zoning verification and any permitting needs.
The property is offered for sale, with offers scheduled for review after the owner’s mandatory 30-day listing period expires. Zoning and allowed uses must be confirmed with the City.
For buyers evaluating an owner-occupied office or a space that can accommodate both work and classroom-style functions, the existing layout provides immediate improvements rather than a blank shell. The combination of office rooms, classrooms, and required support space such as restrooms and a break room can help streamline early fit-up planning, subject to final zoning verification and any permitting needs.
Key Highlights
- 0.61‑acre property with 3,484 SF of existing office space and designated parking
- Office includes restrooms and a break room
- Includes two classrooms and two offices
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.8k | $21.48 |
| − Vacancy | −$7.5k | −$2.15 |
| EGI | $67.4k | $19.33 |
| − OpEx | −$16.8k | −$4.83 |
| NOI | $50.5k | $14.50 |
3,484 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$721.6K
$631.4K – $841.9K
NOI $50,515 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$46.39M
$40.59M – $54.12M
NOI $3,247,352 @ 7.0% cap · market cap 351.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 84117, UT
25,675
Population
11,316
Households
2.3
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
4,585
Density / Sq Mi
$87,451
Median Household Income
$47,445
Median Earnings
$1,687
Median Rent
$581,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Existing office layout includes restrooms, a break room, and classrooms with designated parking.
Where is this office building located?
The property is located at 2221 E Murray Holladay Rd Holladay, UT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 0.61‑acre property with 3,484 SF of existing office space and designated parking; Office includes restrooms and a break room; Includes two classrooms and two offices
