Freestanding Office
New
For Sale
Contact for pricing
333 North 300 West, Salt Lake City, UT 84103
Three distinct suites support a mix of owner occupancy and existing tenancies.
Property Size7,688 SF
Lot Size0.31 Acres
Price / SF$254.94
Days on Market5
Property Features for 333 North 300 West
General Information
Standard status
Active
Size
7,688 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
Buildings
1
Building Size
7,688 SF
Tenancy
Multi
Listing Agency:
Align Real Estate
Listed By:
Tyler Parrish · License #Align/5483191-PB
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:15PM
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 Real Estate
Investment Insights
Based on property information with market context.
This freestanding office property contains 7,688 square feet across three suites on approximately 0.31 acres. Two suites are occupied, and the tenant in one has expressed interest in staying. The vacant suite is substantially built out for dental use. The largest suite has been extensively renovated with contemporary finishes, private offices, a conference area, a break room, and updated restrooms. The property has 28 on-site parking stalls.
The building is in Salt Lake City’s CBD, a few blocks north of Downtown. I-15 is accessible nearby, and TRAX light rail is approximately 3.5 blocks away, with service that includes Salt Lake City International Airport and the University of Utah.
The building is in Salt Lake City’s CBD, a few blocks north of Downtown. I-15 is accessible nearby, and TRAX light rail is approximately 3.5 blocks away, with service that includes Salt Lake City International Airport and the University of Utah.
Key Highlights
- 7,688‑square‑foot office building on approximately 0.31 acres
- Three suites; two are occupied, and one is vacant
- Vacant suite is substantially built out for dental use
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
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
24
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
Market
Vacancy Rate% for Office in Salt Lake City, UT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three distinct suites support a mix of owner occupancy and existing tenancies.
Where is this office building located?
The property is located at 333 North 300 West 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 suites; two are occupied, and one is vacant; Vacant suite is substantially built out for dental use
