NNN Dental Surgery
For Sale
Contact for pricing
268 West 400 South, Salt Lake City, UT 84101
Absolute NNN structure supports a specialized dental facility in downtown Salt Lake City.
Property Size14,930 SF
Price / SF$354.41
Days on Market136
Property Features for 268 West 400 South
General Information
Standard status
Active
Size
14,930 SF
Class
A
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$336,000
Building Details
Year Renovated
2026
Buildings
1
Tenancy
Single
Listing Agency:
CrownPoint Partners
Listed By:
Don Bingham III · License #02108110
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Sep 3 at 11:29AM
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 CrownPoint Partners
Investment Insights
Based on property information with market context.
This 14,930-square-foot commercial property is configured as a dental surgery center and offered with an absolute NNN structure. The specialized facility provides a defined medical-use profile for purchasers evaluating NNN properties.
The property is located at 268 West 400 South in Salt Lake City, Utah 84101, placing the asset in the city’s downtown area.
The property is located at 268 West 400 South in Salt Lake City, Utah 84101, placing the asset in the city’s downtown area.
Key Highlights
- 14,930‑square‑foot dental surgery center
- Absolute NNN structure
- Specialized medical facility
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
$216,470
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
4.09%
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%
$4,329,400
$4.3M
Cap Rate 7%
$3,092,429
$3.1M
Cap Rate 9%
$2,405,222
$2.4M
Market Conditions
NOI Build-Up for 14,930 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
$320.7K $21.48/SF
− Vacancy
−$32.1K −$2.15/SF
EGI
$288.6K $19.33/SF
− OpEx
−$72.2K −$4.83/SF
NOI
$216.5K $14.50/SF
Area
Salt Lake City, UT
Vacancy
10.00%
Lease Rate
$21.48 /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%
$4,329,400
Cap Rate 7%
$3,092,429
Cap Rate 9%
$2,405,222
Alternative Uses
Best Use
Office B
$3.09M
$2.71M – $3.61M
NOI $216,470 @ 7.0% cap · market cap 4.09%
Second Best
Healthcare Medical
$3.02M
$2.64M – $3.52M
NOI $211,068 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,565 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 84101, UT
8,140
Population
5,605
Households
1.5
Avg Household Size
34
Median Age
51%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,522
Density / Sq Mi
$70,391
Median Household Income
$55,238
Median Earnings
$1,336
Median Rent
$541,100
Median Home Value
Market
Vacancy Rate% for Office in Salt Lake City, UT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN structure supports a specialized dental facility in downtown Salt Lake City.
Where is this nnn property located?
The property is located at 268 West 400 South Salt Lake City, UT.
What is the asking price?
The asking price for this property is $5,291,338.
What are key features of this property?
This property features: 14,930‑square‑foot dental surgery center; Absolute NNN structure; Specialized medical facility
