Headquarters-Quality Flex Office
For Sale
Contact for pricing
2525 S Lake Park Blvd, 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$143.85
Days on Market56
Property Features for 2525 S Lake Park Blvd
General Information
Standard status
Active
Size
125,130 SF
Property subtype
OFFICE
Zoning
BRP
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Salt Lake City Downtown
(801) 947-8341
Listed By:
Derek Sawaya
Source:
Moodyscre
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 11 at 2:31PM
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 Downtown
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,641,956
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$32,839,120
$32.8M
Cap Rate 7%
$23,456,514
$23.5M
Cap Rate 9%
$18,243,956
$18.2M
Market Conditions
NOI Build-Up for 125,130 SF
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.
Gross rent
$2.70M $21.60/SF
− Vacancy
−$513.5K −$4.10/SF
EGI
$2.19M $17.50/SF
− OpEx
−$547.3K −$4.37/SF
NOI
$1.64M $13.12/SF
Area
West Valley City, UT
Vacancy
19.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$32,839,120
Cap Rate 7%
$23,456,514
Cap Rate 9%
$18,243,956
Alternative Uses
Best Use
Office B
$23.46M
$20.52M – $27.37M
NOI $1,641,956 @ 7.0% cap · market cap 9.12%
Second Best
Flex RnD
$16.68M
$14.59M – $19.46M
NOI $1,167,313 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$35.82M
$31.35M – $41.79M
NOI $2,507,605 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 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 S Lake Park Blvd West Valley City, UT.
What is the asking price?
The asking price for this property is $18,000,000.
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
