Office Building with Updated
323 S 600 E, Salt Lake City, UT 84102
For Sale
$1,600,000
Pending
Recent work includes refreshed shared areas, kitchenettes, and roughly half of the office suites.
Property Size6,304 SF
Lot Size0.23 Acres
Days on Market127
Property Features for 323 S 600 E
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
kitchenettes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty (Union Heights)
Listed By:
Lynn Griese · License UT 9604125-SA00
(818) 468-8323
Source:
Doxeygroup
Added: Jul 7
Changed: Nov 10
Last Checked: Nov 9 at 8:58PM
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 Coldwell Banker Realty (Union Heights)
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Investment Insights
Based on property information with market context.
The 6,304-square-foot office building, constructed in 1973, occupies a 10,019-square-foot lot. Improvements include updated common areas and kitchenettes, along with renovations to approximately half of the office suites. On-site parking is available, and the property is zoned RMF 45.
At 323 S 600 E in Salt Lake City, the building is near the 400 South commercial corridor and the TRAX line, which provides service to Downtown Salt Lake City and the University of Utah. Trolley Square, I-15, and I-80 are also identified as nearby destinations and routes.
At 323 S 600 E in Salt Lake City, the building is near the 400 South commercial corridor and the TRAX line, which provides service to Downtown Salt Lake City and the University of Utah. Trolley Square, I-15, and I-80 are also identified as nearby destinations and routes.
Key Highlights
- 6,304 SF office building on a 10,019 SF lot
- RMF 45 zoning
- Approximately half of the office suites have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,402
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,828,040
$1.8M
Cap Rate 7%
$1,305,743
$1.3M
Cap Rate 9%
$1,015,578
$1.0M
Market Conditions
NOI Build-Up for 6,304 SF
Gross rent
$135.4K $21.48/SF
− Vacancy
−$13.5K −$2.15/SF
EGI
$121.9K $19.33/SF
− OpEx
−$30.5K −$4.83/SF
NOI
$91.4K $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%
$1,828,040
Cap Rate 7%
$1,305,743
Cap Rate 9%
$1,015,578
Alternative Uses
Best Use
Office B
$1.31M
$1.14M – $1.52M
NOI $91,402 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,887 @ 7.0% cap · market cap 7.43%
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,689
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value
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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 - Recent work includes refreshed shared areas, kitchenettes, and roughly half of the office suites.
Where is this office building located?
The property is located at 323 S 600 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6,304 SF office building on a 10,019 SF lot; RMF 45 zoning; Approximately half of the office suites have been renovated
