Office Condo with Private
2708 S Redwood Rd West Valley City, UT 84119
For Sale
Contact for pricing
Two office condo units totaling 2,048 SF, with new paint and carpet, seven private offices, and two private restrooms.
Property Size2,048 SF
Price / SF$220
Days on Market191
Property Features for 2708 S Redwood Rd
General Information
Standard status
Active
Size
2,048 SF
Property subtype
OFFICE
Listing Agency:
NEXUS Commercial Real Estate
(801) 860-5030
Listed By:
Jason Hagblom
(801) 860-5030
Source:
Moodyscre
Added: Jan 19
Changed: Jul 27
Last Checked: Jul 28 at 3:48PM
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 NEXUS Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale office property consists of two condo units totaling 2,048 square feet. Interior improvements include new carpet and fresh paint throughout, supporting a move-in-ready office layout. The space includes seven private offices along with open areas, providing a mix of enclosed rooms and collaborative workspace.
The unit configuration also features two private restrooms, which can support day-to-day office use for multiple occupants or separate business functions.
Offered as a condo setup, the property provides an office-focused plan with dedicated room count for private work and restroom availability within the suite.
The unit configuration also features two private restrooms, which can support day-to-day office use for multiple occupants or separate business functions.
Offered as a condo setup, the property provides an office-focused plan with dedicated room count for private work and restroom availability within the suite.
Key Highlights
- Two office condo units totaling 2,048 SF
- New paint and new carpet throughout
- Seven private offices plus open office areas
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 | $44.2k | $21.60 |
| − Vacancy | −$8.4k | −$4.10 |
| EGI | $35.8k | $17.50 |
| − OpEx | −$9.0k | −$4.37 |
| NOI | $26.9k | $13.12 |
2,048 SF · lease $21.60/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$383.9K
$335.9K – $447.9K
NOI $26,874 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.3K
$513.0K – $684.0K
NOI $41,042 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two office condo units totaling 2,048 SF, with new paint and carpet, seven private offices, and two private restrooms.
Where is this office units located?
The property is located at 2708 S Redwood Rd West Valley City, UT.
What is the asking price?
The asking price for this property is $450,560.
What are key features of this property?
This property features: Two office condo units totaling 2,048 SF; New paint and new carpet throughout; Seven private offices plus open office areas
