Mixed-Use Property with
346 E 3300 S, South Salt Lake, UT 84115
For Sale
$2,695,000
Two buildings combine flex and warehouse space, private offices, and an updated retail component.
Property Size8,250 SF
Price / SF$326.67
Days on Market39
Property Features for 346 E 3300 S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Mixed-Use Components
Warehouse & Industrial
Warehouse Space
Office Build-Out
Conditioned Warehouse
Additional Details
Tenant in Place
Amenities
commercial kitchen
private offices
secure storage rooms
Building Details
Year Built
Buildings
Listing Agency:
EXP Realty, LLC
(801) 499-6087
Listed By:
Erik Laver
(801) 554-4786
Source:
Sternteam
Added: Sep 30
Changed: Nov 7
Last Checked: Nov 7 at 4:09PM
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 EXP Realty, LLC
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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.
The property consists of two buildings. The rear building measures 6,500 SF, with 4,000 SF of flex and warehouse area and 2,500 SF of office space. The work area includes a commercial kitchen, radiant heat, two 5-ton HVAC units installed in 2024, and two industrial 14-foot ceiling fans. Office features include three private suites, additional suite potential, a laundry and storage room, and three secured storage rooms.
The front building offers 1,750 SF of updated retail space and three private offices. Improvements include a roof and rain gutters installed in 2022, along with an architectural ceiling and LED lighting. A new HVAC unit and commercial carpet were added in 2023. The property was built in 1996.
The front building offers 1,750 SF of updated retail space and three private offices. Improvements include a roof and rain gutters installed in 2022, along with an architectural ceiling and LED lighting. A new HVAC unit and commercial carpet were added in 2023. The property was built in 1996.
Key Highlights
- Rear building includes 4,000 SF of flex/warehouse area and 2,500 SF of office space
- Two 5‑ton HVAC units serving the flex/warehouse area were installed in 2024
- Front building provides 1,750 SF of updated retail space and three private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,527
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,590,540
$2.6M
Cap Rate 7%
$1,850,386
$1.9M
Cap Rate 9%
$1,439,189
$1.4M
Market Conditions
NOI Build-Up for 8,250 SF
Gross rent
$210.9K $25.56/SF
− Vacancy
−$11.6K −$1.41/SF
EGI
$199.3K $24.15/SF
− OpEx
−$69.7K −$8.45/SF
NOI
$129.5K $15.70/SF
Area
Salt Lake County, UT
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,590,540
Cap Rate 7%
$1,850,386
Cap Rate 9%
$1,439,189
Alternative Uses
Best Use
Flex RnD
$1.85M
$1.62M – $2.16M
NOI $129,527 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$1.77M
$1.54M – $2.06M
NOI $123,560 @ 7.0% cap · market cap 4.58%
Theoretical Best
Multifamily LT 5
$109.85M
$96.12M – $128.16M
NOI $7,689,625 @ 7.0% cap · market cap 285.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,621
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Salt Lake County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine flex and warehouse space, private offices, and an updated retail component.
Where is this mixed-use property located?
The property is located at 346 E 3300 S South Salt Lake, UT.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Rear building includes 4,000 SF of flex/warehouse area and 2,500 SF of office space; Two 5‑ton HVAC units serving the flex/warehouse area were installed in 2024; Front building provides 1,750 SF of updated retail space and three private offices
