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    Salt Lake City Commercial Opportunity Title is generated by Realmo AI

    346 E 3300 S, Salt Lake City, UT 84115

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    Claim this Listing
    For Sale
    $2,745,000

    COMMERCIAL - Salt Lake City, UT

    Type:Retail
    Lot size:
    0.34 Acres
    Added:
    Jun 22, 2025
    Days on Market:
    335
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for 346 E 3300 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Security features
    Security, Security Lighting
    Window features
    Blinds
    Interior features
    Alarm: Fire, Alarm: Security, Floor Drains, Dishwasher, Kitchen, Laundry: Central, Refrigerator, Restroom: Private, Restroom: Public, Video Camera(s), Smart Thermostat(s)
    Exterior features
    Paved Parking, Security Lighting
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    16-30-451-034
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    14256

    Utilities

    Heating system
    Forced Air, Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Flooring type
    Carpet, Concrete, Tile
    Roof type
    Asphalt, Metal

    We can help!

    Listing Contact
    Erik Laver

    Listing agent Erik Laver

    Listing office EXP Realty, LLC 240 N East Promontory, Ogden, UT

    Listing date Jun 22, 2025

    MLS# 2094222

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Seller financing available
    • Two buildings: 6,500 SF flex/warehouse with 2,500 SF office space + 1,750 SF updated retail space
    • Back flex space/warehouse: commercial kitchen, new (2024) independent HVAC units, radiant heat, and 14' macro air ceiling fans
    • 2,500 SF private office space with new carpet, multiple private suites & bathrooms, separate HVAC, laundry/storage room, secured storage
    • Front office building: updated retail space with new roof, rain gutters, architectural ceiling, LED lighting (2022), new HVAC (2023)
    • Current commercial appraisal attached

    Overview

    This commercial property features two buildings, with an adjoining 0.43-acre parcel also available. The back flex space/warehouse building provides 6,500 square feet, including 4,000 square feet of flex space/warehouse area and 2,500 square feet of office space. The flex space/warehouse includes a commercial kitchen, two independent 5-ton HVAC units installed in 2024 for air conditioning, and a radiant heat system with two large industrial 14' macro air ceiling fans. The 2,500 square feet of private office space features new carpet, three private suites with the potential for more, three bathrooms, two half baths, and one full bathroom. It also has two separate HVAC units, one for upstairs and one for downstairs, a separate laundry/storage room, and three additional large secured storage rooms. The front office building offers 1,750 square feet of updated retail space with three private offices. A new roof and rain gutters, architectural ceiling, and LED lighting were updated in 2022. A new HVAC unit was installed, and commercial carpet was installed in 2023. The property is situated on a 0.34-acre lot. Current tenants are on a month-to-month lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    801-4-thefix.com Business Service Center Go Big Scooters Motorcycle Shop S.O.S Heating & Cooling HVAC Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • All American Storage West Valley — 3676 S Redwood Rd, West Valley City, UT 84119
    • Royal Solutions Storage — 3485 S 1400 W, Salt Lake City, UT 84119
    • Public Storage — 3673 S Redwood Rd, West Valley City, UT 84119
    • The Storage House — 3676 S Redwood Rd, West Valley City, UT 84119
    • STOR-N-LOCK Self Storage — 3410 S Redwood Rd, West Valley City, UT 84119

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.881545
    Latitude
    40.699376

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    FAQs

    What type of property is this?
    Warehouse - Two-building commercial property with flex space, office, and retail.
    Where is this warehouse located?
    The property is located at 346 E 3300 S Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $2,745,000.
    What are key features of this property?
    This property features: Seller financing available; Two buildings: **6,500 SF flex/warehouse with 2,500 SF office space + 1,750 SF updated retail space**; Back flex space/warehouse: commercial kitchen, new (2024) independent HVAC units, radiant heat, and 14' macro air ceiling fans
    (801) 554-4786
    We can help!
    Listing Contact
    Erik Laver
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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