Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2880 S Main St South Salt Lake, UT 84115

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office suites for lease in central Salt Lake location.

    Type:Office
    Property size:
    1,050 SF
    Added:
    Mar 12, 2019
    Days on Market:
    2607
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 2880 S Main St

    General Information

    Standard status
    Active
    Size
    1,050 SF
    Property subtype
    Office

    Spaces For Lease

    at 2880 S Main St Contact us

    Suite 220 $13 /Mo

    Size
    1,050 SF
    Type
    Office
    Modified Gross- Tenant Is Responsible For Their Share of Property Taxes & InsurancenSuite...
    show more
    Contact us

    Suite 209 $13 /Mo

    Size
    200 SF
    Type
    Office
    Modified Gross- Tenant Is Responsible For Their Share of Property Taxes & InsurancenSuite...
    show more
    Contact us

    Suite 212B $13 /Mo

    Size
    200 SF
    Type
    Office
    Modified Gross- Tenant Is Responsible For Their Share of Property Taxes & InsurancenSuite...
    show more
    Contact us

    We can help!

    Listing Contact
    Kellen Koncar

    Listing agent Kellen Koncar License #UT 8731113-SA00

    Listing office Commercial Real Estate Specialists

    Listing date Mar 12, 2019

    Source Crexi

    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 Commercial Real Estate Specialists

    Overview

    Central Valley Office Space Available

    Office suites are available for lease in a Central Valley office building. The suites are located on the second floor. Available suites include a 200-square-foot suite (Suite 209), a 200-square-foot suite (Suite 212B), and a 1,050-square-foot suite (Suite 220). The suites are not ADA accessible. The property is located ten minutes from downtown Salt Lake and fifteen minutes from Salt Lake City International Airport, with convenient access to State Street, I-15, and I-80. The lease is modified gross, with the tenant responsible for their share of property taxes and insurance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.7142

    Nearby Similar for Lease

    • Contact for pricing

      South Salt Lake Commercial Space

      Located in rapidly growing commercial area with high traffic.
      3540 S STATE St, South Salt Lake, UT 84115
      View Details
    • $3,250/Mo

      South Salt Lake Flex Warehouse

      2,100 SF flex/warehouse with fenced yard for lease.
      196 W Malvern Ave, South Salt Lake, UT 84115
      View Details
    • $1.00 SF/Yr

      South Salt Lake Warehouse Space

      Warehouse with office space and easy freeway access.
      2530 South West Temple, South Salt Lake, UT 84115
      View Details
    • $1.00 SF/Yr

      South Salt Lake Warehouse Space

      20,000 SF warehouse with office space for sublease.
      1030 West 2610 South, South Salt Lake, UT
      View Details
    • $16 SF/Yr

      Renovated Office Space Available

      Recently renovated office space with ample parking and quick I-80 access.
      2511 SW Temple St, South Salt Lake, UT
      View Details
    • Contact for pricing

      South Salt Lake Warehouse Space

      Warehouse space with easy access to major transportation routes.
      989-999 West 2610 South, South Salt Lake, UT, 84119
      View Details
    • Contact for pricing

      South Salt Lake Office/Warehouse

      4000 SF office/warehouse with small yard, South Salt Lake.
      3582 Via Terra, South Salt Lake, UT 84115
      View Details
    • Contact for pricing

      Office Space For Rent

      Single tenant office space available for rent, 1,700 SqFt.
      155 W 2950 S, South Salt Lake, UT 84115
      View Details
    • Contact for pricing

      Retail Space in Millcreek

      Retail space available in a walkable, mixed-use Millcreek location.
      3092 Road, South Salt Lake, UT
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Retail spaces available in Utah's leading retail corridor.
      261 W 2100 S Expy, South Salt Lake, UT 84115
      View Details
    • Contact for pricing

      Mixed-Use Development Retail Space

      Retail space available in new mixed-use development.
      1 W Burton Ave, South Salt Lake, UT 84115
      View Details
    • Contact for pricing

      Industrial Space Available For Rent

      Industrial spaces available, ranging from 8,733 to 8,844 SqFt.
      2910 S 900 W, South Salt Lake, UT 84119
      View Details

    FAQs

    What type of property is this?
    Office units - Office suites for lease in central Salt Lake location.
    Where is this office units located?
    The property is located at 2880 S Main St South Salt Lake, UT.
    What are key features of this property?
    This property features: Convenient Location: Ten minutes to Downtown Salt Lake.; Airport Proximity: Fifteen minutes to Salt Lake City International Airport.; Easy Freeway Access to State Street, I‑15, & I‑80.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kellen Koncar
    Real Estate License ID: UT 8731113-SA00
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!