Two-Level Office
For Sale
Contact for pricing
326 S 500 E, Salt Lake City, UT 84101
MU-8-zoned property with private offices, meeting space, kitchen, break room, and open work areas.
Property Size11,428 SF
Price / SF$262.51
Days on Market61
Property Features for 326 S 500 E
General Information
Standard status
Active
Size
11,428 SF
Total Parking Spaces
25
Property subtype
Office, Special Purpose
Zoning
MU-8
Investment Type
Owner/User
Building Details
Year Built
1956
Buildings
1
Stories
1
Units
1
Listing Agency:
Newmark Mountain West
Listed By:
Josh Vance, CCIM · License #UT 5498417-SA00
(801) 456-8800
Source:
Crexi
Added: Aug 18
Changed: Oct 15
Last Checked: Oct 16 at 8:36AM
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 Newmark Mountain West
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Investment Insights
Based on property information with market context.
This two-level office property contains approximately 11,428 SF, divided evenly between a 5,714 SF main level and a 5,714 SF lower level. The interior includes private offices, a conference room, kitchen, break room, and large open work areas that support a range of professional layouts. The building was constructed in 1956 and includes on-site parking for 25 vehicles, with seven covered spaces.
Located at 326 S 500 E in Salt Lake City, the property sits within an established urban corridor near a substantial residential population and nearby thoroughfares. The MU-8 zoning designation and flexible floor plan provide a practical setting for office operations, ownership use, or future repositioning.
Located at 326 S 500 E in Salt Lake City, the property sits within an established urban corridor near a substantial residential population and nearby thoroughfares. The MU-8 zoning designation and flexible floor plan provide a practical setting for office operations, ownership use, or future repositioning.
Key Highlights
- Approximately 11,428 SF across two levels
- 5,714 SF main level and 5,714 SF lower level
- 25 on‑site parking stalls, including seven covered spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,695
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,313,900
$3.3M
Cap Rate 7%
$2,367,071
$2.4M
Cap Rate 9%
$1,841,056
$1.8M
Market Conditions
NOI Build-Up for 11,428 SF
Gross rent
$245.5K $21.48/SF
− Vacancy
−$24.5K −$2.15/SF
EGI
$220.9K $19.33/SF
− OpEx
−$55.2K −$4.83/SF
NOI
$165.7K $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%
$3,313,900
Cap Rate 7%
$2,367,071
Cap Rate 9%
$1,841,056
Alternative Uses
Best Use
Office B
$2.37M
$2.07M – $2.76M
NOI $165,695 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,521 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,911
Businesses Nearby
Explore this area
Business Placement
Demographics for 84101, UT
8,140
Population
5,605
Households
1.5
Avg Household Size
34
Median Age
51%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,522
Density / Sq Mi
$70,391
Median Household Income
$55,238
Median Earnings
$1,336
Median Rent
$541,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office building - MU-8-zoned property with private offices, meeting space, kitchen, break room, and open work areas.
Where is this office building located?
The property is located at 326 S 500 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Approximately 11,428 SF across two levels; 5,714 SF main level and 5,714 SF lower level; 25 on‑site parking stalls, including seven covered spaces
