Two-Story Office
For Sale
Contact for pricing
3583 West 9800 South, South Jordan, UT 84095
Built in 2018 with flexible suites, elevator access, private offices, and prominent signage opportunities.
Property Size12,810 SF
Lot Size0.76 Acres
Price / SF$351.29
Days on Market54
Property Features for 3583 West 9800 South
General Information
Standard status
Active
Size
12,810 SF
Class
B
Elevators
Yes
Lot size
0.76 Acres
Property subtype
Retail, Office
Zoning
CC
Lease Type
NNN
Building Details
Year Built
2018
Buildings
1
Stories
2
Building Size
12,810 SF
Listing Agency:
Summit Commercial Advisors
(801) 687-0094
Listed By:
Cody Black · License #6026252-SA00
Source:
Crexi
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 3:59PM
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 Summit Commercial Advisors
Investment Insights
Based on property information with market context.
This two-story office property was completed in 2018 and contains 12,810 square feet on a 33,119-square-foot lot. The building includes two available suites with adaptable layouts, high-end finishes, and abundant natural light. Suite 102 measures 2,959 square feet on the ground floor and includes a reception area, multiple private offices or treatment rooms, and a separate exterior entrance. Suite 202 offers 3,205 square feet on the second level, with elevator service, open workspace, and private offices.
The property is located at 3583 West 9800 South in South Jordan, within Salt Lake County. Monument and building signage are available along 9800 South, and the property is zoned CC. The suite configurations support medical, therapy, professional, and executive office uses identified in the property information.
The property is located at 3583 West 9800 South in South Jordan, within Salt Lake County. Monument and building signage are available along 9800 South, and the property is zoned CC. The suite configurations support medical, therapy, professional, and executive office uses identified in the property information.
Key Highlights
- 12,810 SF office building completed in 2018
- 33,119 SF lot with a two‑story building
- Suite 102 includes 2,959 SF, reception, private offices or treatment rooms, and exterior entry
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
$185,732
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
4.13%
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%
$3,714,640
$3.7M
Cap Rate 7%
$2,653,314
$2.7M
Cap Rate 9%
$2,063,689
$2.1M
Market Conditions
NOI Build-Up for 12,810 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
$275.2K $21.48/SF
− Vacancy
−$27.5K −$2.15/SF
EGI
$247.6K $19.33/SF
− OpEx
−$61.9K −$4.83/SF
NOI
$185.7K $14.50/SF
Area
Salt Lake County, 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%
$3,714,640
Cap Rate 7%
$2,653,314
Cap Rate 9%
$2,063,689
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.10M
NOI $185,732 @ 7.0% cap · market cap 4.13%
Second Best
Healthcare Medical
$2.19M
$1.92M – $2.55M
NOI $153,290 @ 7.0% cap · market cap 3.41%
Theoretical Best
Multifamily LT 5
$170.57M
$149.25M – $199.00M
NOI $11,939,891 @ 7.0% cap · market cap 265.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 84095, UT
39,278
Population
13,518
Households
2.9
Avg Household Size
35
Median Age
46%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
3,415
Density / Sq Mi
$123,082
Median Household Income
$57,833
Median Earnings
$1,794
Median Rent
$669,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Built in 2018 with flexible suites, elevator access, private offices, and prominent signage opportunities.
Where is this office building located?
The property is located at 3583 West 9800 South South Jordan, UT.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 12,810 SF office building completed in 2018; 33,119 SF lot with a two‑story building; Suite 102 includes 2,959 SF, reception, private offices or treatment rooms, and exterior entry
