Freestanding Office
New
For Sale
$1,960,000
333 N 300 W, Salt Lake City, UT 84103
Three-suite configuration supports owner occupancy, retained tenants, or a multi-tenant operating plan.
Property Size1,981 SF
Lot Size0.31 Acres
Price / SF$254.94
Days on Market5
Property Features for 333 N 300 W
General Information
Standard status
Active
Size
1,981 SF
Total Parking Spaces
28
Lot size
0.31 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
3
Building Details
Building Size
1,981 SF
Year Built
1981
Buildings
1
Tenancy
Multi
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: Sep 20
Last Checked: Sep 21 at 6:10AM
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
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 = 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
$111,468
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
5.69%
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%
$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
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
$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 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%
$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 5.69%
Second Best
Healthcare Medical
$1.55M
$1.36M – $1.81M
NOI $108,687 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $144,988 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,856
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Salt Lake City, UT
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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 $1,960,000.
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
