Creative Flex
For Sale
Contact for pricing
343 W 400 S, Salt Lake City, UT 84101
Modern interior with gated secure parking and D-2 zoning near Central Business District arterials.
Property Size10,400 SF
Lot Size0.27 Acres
Price / SF$379.81
Days on Market137
Property Features for 343 W 400 S
General Information
Standard status
Active
Size
10,400 SF
Lot size
0.27 Acres
Property subtype
FLEX_R_AND_D
Zoning
D-2
Amenities
Gated secure parking
Listing Agency:
Colliers | Salt Lake City Millrock
(801) 947-8328
Listed By:
Brandon Fugal · License #5477023-SA00
Source:
Moodyscre
Added: Mar 18
Changed: Jul 31
Last Checked: Jul 31 at 8:32AM
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 Colliers | Salt Lake City Millrock
Investment Insights
Based on property information with market context.
This 10,400-square-foot flex space sits on a 0.27-acre site and features a modern creative interior. The property has a new roof and recent infrastructure upgrades, along with gated secure parking. D-2 zoning supports the property's commercial and industrial positioning.
Located near the main Central Business District arterials in Salt Lake City, the property offers a compact configuration suited to owner-users. An existing tenant is in place for buyers needing 5,000 square feet or less, adding an established occupancy component to the property’s flexible layout.
Located near the main Central Business District arterials in Salt Lake City, the property offers a compact configuration suited to owner-users. An existing tenant is in place for buyers needing 5,000 square feet or less, adding an established occupancy component to the property’s flexible layout.
Key Highlights
- 10,400 square feet of rentable area
- 0.27‑acre site
- D‑2 zoning
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.2k | $18.00 |
| − Vacancy | −$11.2k | −$1.08 |
| EGI | $176.0k | $16.92 |
| − OpEx | −$61.6k | −$5.92 |
| NOI | $114.4k | $11.00 |
10,400 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.63M
$1.43M – $1.91M
NOI $114,379 @ 7.0% cap · market cap 2.90%
Second Best
Industrial
$974.7K
$852.9K – $1.14M
NOI $68,231 @ 7.0% cap · market cap 1.73%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,134 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,854
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Saffron Valley - Avenues — 26 E St, Salt Lake City, UT 84103
- Porteña Empanadas — 310 E 400 S, Salt Lake City, UT 84111
- Zahara — Salt Lake City, UT 84111
Frequently Asked Questions
What type of property is this?
Flex space - Modern interior with gated secure parking and D-2 zoning near Central Business District arterials.
Where is this flex space located?
The property is located at 343 W 400 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 10,400 square feet of rentable area; 0.27‑acre site; D‑2 zoning
