Freestanding Office
333 N 300 W, Salt Lake City, UT 84103
For Sale
$1,900,000
Three-suite configuration supports owner occupancy, retained tenants, or a multi-tenant operating plan.
Property Size7,688 SF
Lot Size0.31 Acres
Price / SF$247.14
Days on Market54
Property Features for 333 N 300 W
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Office Units
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Align Complete Real Estate Services LLC
(801) 214-8033
Listed By:
Tyler B Parrish
(801) 815-5765
Source:
Liftrealty
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 6:40AM
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 Align Complete Real Estate Services LLC
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Investment Insights
Based on property information with market context.
Built in 1981, this 7,688-square-foot office building occupies approximately 0.31 acres at 333 N 300 W in Salt Lake City. The freestanding property is arranged as three separate suites, with two currently occupied and one vacant. The largest suite has been extensively renovated with contemporary finishes, private offices, a large conference area, break room, and updated restrooms. The vacant suite is substantially built out for dental use, while the tenant in the third suite has expressed interest in remaining.
The property is located in the Salt Lake City CBD, a few blocks north of Downtown, with access to I-15 and approximately 3.5 blocks from TRAX light rail. TRAX service includes connections to Salt Lake City International Airport and the University of Utah. On-site parking includes 28 stalls, supporting flexible owner-user and multi-tenant occupancy options.
The property is located in the Salt Lake City CBD, a few blocks north of Downtown, with access to I-15 and approximately 3.5 blocks from TRAX light rail. TRAX service includes connections to Salt Lake City International Airport and the University of Utah. On-site parking includes 28 stalls, supporting flexible owner-user and multi-tenant occupancy options.
Key Highlights
- 7,688‑square‑foot office building on approximately 0.31 acres
- Three separate suites with two occupied and one vacant
- Largest suite recently renovated with private offices and updated restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,468
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,229,360
$2.2M
Cap Rate 7%
$1,592,400
$1.6M
Cap Rate 9%
$1,238,533
$1.2M
Market Conditions
NOI Build-Up for 7,688 SF
Gross rent
$165.1K $21.48/SF
− Vacancy
−$16.5K −$2.15/SF
EGI
$148.6K $19.33/SF
− OpEx
−$37.2K −$4.83/SF
NOI
$111.5K $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%
$2,229,360
Cap Rate 7%
$1,592,400
Cap Rate 9%
$1,238,533
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,468 @ 7.0% cap · market cap 5.87%
Second Best
Healthcare Medical
$1.55M
$1.36M – $1.81M
NOI $108,687 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $144,988 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,856
Businesses Nearby
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Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
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 - Three-suite configuration supports owner occupancy, retained tenants, or a multi-tenant operating plan.
Where is this office building located?
The property is located at 333 N 300 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 7,688‑square‑foot office building on approximately 0.31 acres; Three separate suites with two occupied and one vacant; Largest suite recently renovated with private offices and updated restrooms
