Wellness
34 S 500 E #201, Salt Lake City, UT 84102
For Sale
$379,000
Four separate rooms and a bathroom create a flexible layout for wellness or other commercial operations.
Property Size869 SF
Price / SF$436.13
Days on Market136
Property Features for 34 S 500 E #201
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
KW Utah Realtors Keller Williams (Brickyard)
(801) 326-8800
Listed By:
Hari Ram Ghimire
(801) 835-1031
Source:
Etzelonline
Added: Jun 25
Changed: Nov 6
Last Checked: Nov 6 at 4:02PM
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 KW Utah Realtors Keller Williams (Brickyard)
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 869-square-foot wellness property has four rooms and one bathroom. A brow salon is currently operating in the unit, and the space is zoned R-MU. The building dates to 1956.
Parking includes 10 carport spaces and 60 stalls behind the building. The Trolley Station is just under a mile away. The property is at 34 S 500 E #201 in Salt Lake City.
Parking includes 10 carport spaces and 60 stalls behind the building. The Trolley Station is just under a mile away. The property is at 34 S 500 E #201 in Salt Lake City.
Key Highlights
- Four rooms and one bathroom
- 10 carport spaces plus 60 parking stalls behind the building
- Trolley Station is just under a mile away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,984
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,680
$259.7K
Cap Rate 7%
$185,486
$185.5K
Cap Rate 9%
$144,267
$144.3K
Market Conditions
NOI Build-Up for 869 SF
Gross rent
$19.1K $21.96/SF
− Vacancy
−$534 −$0.61/SF
EGI
$18.5K $21.35/SF
− OpEx
−$5.6K −$6.40/SF
NOI
$13.0K $14.94/SF
Area
Salt Lake City, UT
Vacancy
2.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,680
Cap Rate 7%
$185,486
Cap Rate 9%
$144,267
Alternative Uses
Best Use
Retail
$185.5K
$162.3K – $216.4K
NOI $12,984 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.1K
$204.9K – $273.1K
NOI $16,388 @ 7.0% cap · market cap 4.32%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,910
Businesses Nearby
181k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 28%
Shops & Services 26%
Apparel 8%
Harmons Grocery
Groceries
37,560 visits/mo
0.5 miles
McDonald's
Dining
29,730 visits/mo
0.4 miles
Ross Dress for Less
Apparel
13,589 visits/mo
0.4 miles
Sprouts Farmers Market
Groceries
12,811 visits/mo
0.4 miles
Starbucks
Dining
9,759 visits/mo
0.5 miles
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Similar Off Market Nearby
- Trolley Healing Hub — 515 S 700 E # 2D, Salt Lake City, UT 84102
- Empathetix — 515 S 700 E #2C, Salt Lake City, UT 84102
- SLC Qi Community Acupuncture — 242 S 400 E suite b, Salt Lake City, UT 84111
- Annie Budhathoki, MSTOM — 352 denver st, salt lake city, ut 84111
- TMS Solutions Salt Lake City — 850 E 300 S #1, Salt Lake City, UT 84102
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Four separate rooms and a bathroom create a flexible layout for wellness or other commercial operations.
Where is this spa & wellness property located?
The property is located at 34 S 500 E #201 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Four rooms and one bathroom; 10 carport spaces plus 60 parking stalls behind the building; Trolley Station is just under a mile away
