Mixed-Use Property with
New
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 Market3
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:
Lift Realty
Listed By:
Spencer Clawson
(801) 636-8426
Source:
Liftrealty
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 1:50AM
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 Lift Realty
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 = 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
$229,084
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
5.09%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Salt Lake City, UT
Questions? Ask Rey
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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
