Renovated Standalone Office
292 E 3900 S, Salt Lake City, UT 84107
For Sale
Contact for pricing
Flexible multi-tenant layout offers private offices, open work areas, and separate entrances.
Property Size5,483 SF
Price / SF$387.56
Days on Market101
Property Features for 292 E 3900 S
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Lease Type
Investment Type
Site & Location
Highway Access
Public Transit
Additional Details
Asking Price
Amenities
reception area
conference room
natural light
private offices
open work areas
break room
separate entrances
individual private restrooms
Building Details
Year Built
Buildings
Tenancy
Owner Occupied
Listing Agency:
Berkshire Hathaway HomeServices Utah Properties
Listed By:
Katie Wilking · License UT 8339389-SA00
(435) 640-4964
Source:
Crexi
Added: Aug 6
Changed: Oct 26
Last Checked: Nov 12 at 7:49AM
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 Berkshire Hathaway HomeServices Utah Properties
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Investment Insights
Based on property information with market context.
This 5,483-square-foot office building was constructed in 1969 and has been renovated for contemporary professional use. The interior includes a reception area, conference room, private offices, open work areas, and a break room, with abundant natural light throughout. Separate entrances and individual private restrooms support a flexible multi-tenant configuration. The property is currently owner-occupied, with the owner prepared to vacate at closing.
Located at 292 E 3900 S in Salt Lake City’s Millcreek area, the building sits along the 3900 S corridor with access to public transit and I-15. On-site parking includes 14 surface spaces and covered parking. General Commercial zoning applies to the property.
Located at 292 E 3900 S in Salt Lake City’s Millcreek area, the building sits along the 3900 S corridor with access to public transit and I-15. On-site parking includes 14 surface spaces and covered parking. General Commercial zoning applies to the property.
Key Highlights
- 5,483 SF standalone office building on 3900 S
- Renovated interior with reception area, conference room, private offices, and open work areas
- Flexible multi‑tenant layout with separate entrances and individual private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,498
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,589,960
$1.6M
Cap Rate 7%
$1,135,686
$1.1M
Cap Rate 9%
$883,311
$883.3K
Market Conditions
NOI Build-Up for 5,483 SF
Gross rent
$117.8K $21.48/SF
− Vacancy
−$11.8K −$2.15/SF
EGI
$106.0K $19.33/SF
− OpEx
−$26.5K −$4.83/SF
NOI
$79.5K $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 Rate 5%
$1,589,960
Cap Rate 7%
$1,135,686
Cap Rate 9%
$883,311
Alternative Uses
Best Use
Office B
$1.14M
$993.7K – $1.32M
NOI $79,498 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,404 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
Explore this area
Business Placement
Demographics for 84107, UT
37,713
Population
17,287
Households
2.2
Avg Household Size
34
Median Age
38%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
5,028
Density / Sq Mi
$73,469
Median Household Income
$46,098
Median Earnings
$1,387
Median Rent
$426,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Salt Lake City
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office building - Flexible multi-tenant layout offers private offices, open work areas, and separate entrances.
Where is this office building located?
The property is located at 292 E 3900 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: 5,483 SF standalone office building on 3900 S; Renovated interior with reception area, conference room, private offices, and open work areas; Flexible multi‑tenant layout with separate entrances and individual private restrooms
