Mixed-Use Property with
For Sale
$4,500,000
372 E 100 S, Salt Lake City, UT 84111
Multi-building commercial site with an upper-level apartment, on-site circulation, and MU-8 zoning in Salt Lake City.
Property Size15,800 SF
Price / SF$284.81
Days on Market49
Property Features for 372 E 100 S
General Information
Standard status
Active
Size
15,800 SF
Total Parking Spaces
17
Property subtype
Office
Zoning
MU-8
Amenities
private drop off access
Building Details
Building Size
15,800 SF
Year Built
1937
Buildings
2
Tenancy
Single
Listing Agency:
Windermere Real Estate
(801) 485-3151
Listed By:
Matt Sneyd
(801) 243-7006
Source:
Liftrealty
Added: Sep 2
Changed: Oct 19
Last Checked: Oct 19 at 10:35AM
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 Windermere Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property includes a main building of approximately 13,300 square feet, a separate building of approximately 2,500 square feet, and an apartment on the top level. Built in 1937, the property combines substantial interior space with distinctive architectural character and a configuration suited to specialized commercial operations, professional services, medical offices, events, hospitality, or studio use.
The site provides 17+ parking stalls, a horseshoe driveway, and private drop-off access. It is located at 372 E 100 S in Salt Lake City’s Central City area, approximately 1.5 miles from the University of Utah and less than one mile from Downtown Salt Lake City. MU-8 zoning allows multifamily, office, retail, hospitality, and student housing uses by right, with a maximum building height of 85 feet.
The site provides 17+ parking stalls, a horseshoe driveway, and private drop-off access. It is located at 372 E 100 S in Salt Lake City’s Central City area, approximately 1.5 miles from the University of Utah and less than one mile from Downtown Salt Lake City. MU-8 zoning allows multifamily, office, retail, hospitality, and student housing uses by right, with a maximum building height of 85 feet.
Key Highlights
- Approximately 13,300 square feet in the main building
- Separate approximately 2,500‑square‑foot building on site
- Top‑level apartment included in the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,084
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,581,680
$4.6M
Cap Rate 7%
$3,272,629
$3.3M
Cap Rate 9%
$2,545,378
$2.5M
Market Conditions
NOI Build-Up for 15,800 SF
Gross rent
$339.4K $21.48/SF
− Vacancy
−$33.9K −$2.15/SF
EGI
$305.4K $19.33/SF
− OpEx
−$76.4K −$4.83/SF
NOI
$229.1K $14.50/SF
Area
Salt Lake City, 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 Rate 5%
$4,581,680
Cap Rate 7%
$3,272,629
Cap Rate 9%
$2,545,378
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.82M
NOI $229,084 @ 7.0% cap · market cap 5.09%
Second Best
Healthcare Medical
$3.19M
$2.79M – $3.72M
NOI $223,368 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$4.26M
$3.72M – $4.97M
NOI $297,972 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,133
Businesses Nearby
Explore this area
Business Placement
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value
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Market
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-building commercial site with an upper-level apartment, on-site circulation, and MU-8 zoning in Salt Lake City.
Where is this mixed-use property located?
The property is located at 372 E 100 S Salt Lake City, 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: Approximately 13,300 square feet in the main building; Separate approximately 2,500‑square‑foot building on site; Top‑level apartment included in the main building
