Headquarters-Quality Flex Office
For Sale
Contact for pricing
2525 Lake Park Boulevard, West Valley City, UT 84120
Expansive floor plates in a Business Regional Park Zone support a flexible mix of office and industrial use.
Property Size125,130 SF
Price / SF$127.87
Days on Market155
Property Features for 2525 Lake Park Boulevard
General Information
Standard status
Active
Size
125,130 SF
Class
B
Property subtype
Office, Industrial, Special Purpose
Zoning
M
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Units
559
Listing Agency:
Colliers - Salt Lake City, Utah
Listed By:
Derek Sawaya · License #8082653-SA00
(801) 889-6213
Source:
Crexi
Added: May 19
Changed: Oct 11
Last Checked: Oct 19 at 5:51AM
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 Colliers - Salt Lake City, Utah
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Investment Insights
Based on property information with market context.
This headquarters-quality flex office offering provides approximately 125,130 square feet of available area. The floor plates are designed to support modern workplace needs with a layout intended for functional use and adaptable operations. The property’s configuration is positioned to accommodate organizations looking for a professional office environment with the ability to incorporate industrial-oriented activity where appropriate.
The building is located at 2525 S Lake Park Boulevard in West Valley City, Utah. It sits adjacent to the Stonebridge Golf Club and is within the BRP (Business Regional Park) Zone. The zone is described as allowing a versatile mix of uses, including up to 60% office and 40% industrial. The property is also presented as centrally located with convenient access to Salt Lake City International Airport, downtown Salt Lake City, and major transportation corridors including both I-15 and I-215.
For buyers or operators, the BRP zoning framework can be particularly relevant for teams that need a headquarters setting alongside industrial-capable space. The office/industrial mix allowed in the zone supports practical flexibility for companies evaluating a single-site workplace and operational footprint.
The building is located at 2525 S Lake Park Boulevard in West Valley City, Utah. It sits adjacent to the Stonebridge Golf Club and is within the BRP (Business Regional Park) Zone. The zone is described as allowing a versatile mix of uses, including up to 60% office and 40% industrial. The property is also presented as centrally located with convenient access to Salt Lake City International Airport, downtown Salt Lake City, and major transportation corridors including both I-15 and I-215.
For buyers or operators, the BRP zoning framework can be particularly relevant for teams that need a headquarters setting alongside industrial-capable space. The office/industrial mix allowed in the zone supports practical flexibility for companies evaluating a single-site workplace and operational footprint.
Key Highlights
- Approximately 125,130 SF of available area with expansive, functional floor plates for modern workplace needs
- Located at 2525 Lake Park Boulevard, adjacent to Stonebridge Golf Club
- Building is in the BRP (Business Regional Park) Zone with a flexible mix of uses: up to 60% office and 40% industrial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,167,313
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,346,260
$23.3M
Cap Rate 7%
$16,675,900
$16.7M
Cap Rate 9%
$12,970,144
$13.0M
Market Conditions
NOI Build-Up for 125,130 SF
Gross rent
$1.95M $15.60/SF
− Vacancy
−$156.2K −$1.25/SF
EGI
$1.80M $14.35/SF
− OpEx
−$628.6K −$5.02/SF
NOI
$1.17M $9.33/SF
Area
West Valley City, UT
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,346,260
Cap Rate 7%
$16,675,900
Cap Rate 9%
$12,970,144
Alternative Uses
Best Use
Office B
$23.46M
$20.52M – $27.37M
NOI $1,641,956 @ 7.0% cap · market cap 10.26%
Second Best
Flex RnD
$16.68M
$14.59M – $19.46M
NOI $1,167,313 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$35.82M
$31.35M – $41.79M
NOI $2,507,605 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 84120, UT
51,212
Population
14,184
Households
3.6
Avg Household Size
32
Median Age
15%
College-Educated
81%
High-School Grad
10.1 sq mi
ZIP Area
5,070
Density / Sq Mi
$90,847
Median Household Income
$36,899
Median Earnings
$1,434
Median Rent
$370,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Expansive floor plates in a Business Regional Park Zone support a flexible mix of office and industrial use.
Where is this office building located?
The property is located at 2525 Lake Park Boulevard West Valley City, UT.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Approximately 125,130 SF of available area with expansive, functional floor plates for modern workplace needs; Located at 2525 Lake Park Boulevard, adjacent to Stonebridge Golf Club; Building is in the BRP (Business Regional Park) Zone with a flexible mix of uses: up to 60% office and 40% industrial
