Corner Storefront Retail
New
For Sale
$499,900
301 E 1700 S, Salt Lake City, UT 84115
Character-rich commercial space with exposed brick, refinished hardwood floors, and reserved parking rights.
Property Size2,352 SF
Days on Market4
Property Features for 301 E 1700 S
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Amenities
original exposed brick
refinished hardwood floors
reserved parking spaces
Building Details
Building Size
2,352 SF
Year Built
1920
Buildings
1
Listing Agency:
Forte Real Estate, LLC
(801) 382-7727
Listed By:
Samantha Stechschulte
(801) 755-2149
Source:
Liftrealty
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 7 at 6:44AM
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 Forte Real Estate, LLC
Investment Insights
Based on property information with market context.
This 1920 retail building occupies a prominent corner position and has been used for coffee shop and bicycle retail operations. Interior details include exposed brick and refinished hardwood floors, creating a distinctive setting for continued retail use. Reserved parking spaces are available through an easement. The property has been updated for seismic compliance and meets ADA requirements. The business operating from the premises is not included in the sale.
Located at 301 E 1700 S in Salt Lake City, the building offers a recognizable storefront setting within an established urban commercial area. Its corner configuration, existing retail layout, and reserved parking arrangement provide practical features for an owner-user or investor evaluating a commercial property.
Located at 301 E 1700 S in Salt Lake City, the building offers a recognizable storefront setting within an established urban commercial area. Its corner configuration, existing retail layout, and reserved parking arrangement provide practical features for an owner-user or investor evaluating a commercial property.
Key Highlights
- 1920 retail building at 301 E 1700 S, Salt Lake City, UT 84115
- Prominent corner storefront configuration
- Original exposed brick and refinished hardwood floors
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
$39,214
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
7.84%
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%
$784,280
$784.3K
Cap Rate 7%
$560,200
$560.2K
Cap Rate 9%
$435,711
$435.7K
Market Conditions
NOI Build-Up for 2,352 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
$53.6K $22.80/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$52.3K $22.23/SF
− OpEx
−$13.1K −$5.56/SF
NOI
$39.2K $16.67/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$22.80 /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%
$784,280
Cap Rate 7%
$560,200
Cap Rate 9%
$435,711
Alternative Uses
Best Use
Specialty Retail
$560.2K
$490.2K – $653.6K
NOI $39,214 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$502.0K
$439.3K – $585.7K
NOI $35,143 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$633.7K
$554.5K – $739.3K
NOI $44,356 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
680k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 60%
Shops & Services 23%
Home Improvements & Furnishings 13%
Dining 2%
Costco Wholesale
Superstores
191,142 visits/mo
0.2 miles
Walmart
Superstores
131,429 visits/mo
0.5 miles
Sam's Club
Superstores
83,485 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
58,142 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
51,174 visits/mo
0.4 miles
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Questions? Ask Rey
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Similar Off Market Nearby
- Sam's Club Floral — 1905 S 300 W, Salt Lake City, UT 84115
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- LUX Floral & Design — 1578 S 300 W Suite B, Salt Lake City, UT 84115
Frequently Asked Questions
What type of property is this?
Storefront property - Character-rich commercial space with exposed brick, refinished hardwood floors, and reserved parking rights.
Where is this storefront property located?
The property is located at 301 E 1700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1920 retail building at 301 E 1700 S, Salt Lake City, UT 84115; Prominent corner storefront configuration; Original exposed brick and refinished hardwood floors
