Multi-Tenant Strip
For Sale
$2,999,000
4032 West 4100 South West Valley, Salt Lake City, UT 84120
Fully occupied retail center with five suites, established tenants, and access to Bangerter Highway.
Property Size9,089 SF
Lot Size0.69 Acres
Price / SF$336.59
Days on Market240
Property Features for 4032 West 4100 South West Valley
General Information
Standard status
Active
Size
9,089 SF
Lot size
0.69 Acres
Property subtype
Strip Center
Occupancy
100%
Net Operating Income
$124,682
Financials
Asking Price
$2,999,000
Cap Rate
4.16%
Site & Location
Anchor Co-Tenants
Subway, Metro, Boost Mobile
Traffic Count
31,036 vehicles/day
Highway Access
Yes
Building Details
Building Size
9,089 SF
Year Built
1990
Buildings
1
Tenancy
Multi
Parking Ratio
3.5 per 1,000 SF
Listing Agency:
Investment Realty Advisors, LLC
Listed By:
Joseph Mills · License #5652815
(801) 971-2542
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 14
Last Checked: Oct 14 at 7:41PM
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 Investment Realty Advisors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,910-square-foot strip center contains one building with five units averaging 1,320 to 2,220 SF. Built in 1990 and classified as Class B, the property is 100% occupied and includes established tenants such as Subway, Metro, and Boost Mobile. Parcel size totals .69 AC, with a parking ratio of 3.5/1000.
The center is located on West 4100 South in West Valley City, with reported average daily traffic of 31,036 and access to Bangerter Highway. Dense residential and commercial surroundings support the existing retail setting. All leases except the laundromat expire on or before November 2026, providing defined lease-renewal and turnover dates for future ownership planning.
The center is located on West 4100 South in West Valley City, with reported average daily traffic of 31,036 and access to Bangerter Highway. Dense residential and commercial surroundings support the existing retail setting. All leases except the laundromat expire on or before November 2026, providing defined lease-renewal and turnover dates for future ownership planning.
Key Highlights
- 8,910‑square‑foot strip center on .69 AC
- Five units in one building; average unit sizes range from 1,320 to 2,220 SF
- 100% occupancy with Subway, Metro, and Boost Mobile among the tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,130
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,662,600
$2.7M
Cap Rate 7%
$1,901,857
$1.9M
Cap Rate 9%
$1,479,222
$1.5M
Market Conditions
NOI Build-Up for 8,910 SF
Gross rent
$195.7K $21.96/SF
− Vacancy
−$5.5K −$0.61/SF
EGI
$190.2K $21.35/SF
− OpEx
−$57.1K −$6.40/SF
NOI
$133.1K $14.94/SF
Area
Salt Lake City, UT
Vacancy
2.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,662,600
Cap Rate 7%
$1,901,857
Cap Rate 9%
$1,479,222
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.22M
NOI $133,130 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,034 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
31,036 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
217k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 28%
Apparel 23%
Shops & Services 17%
Smith's
Groceries
56,107 visits/mo
0.1 miles
REI
Apparel
34,624 visits/mo
0.1 miles
McDonald's
Dining
23,521 visits/mo
0.2 miles
Smith's Fuel Center
Shops & Services
16,148 visits/mo
0.2 miles
Savers Thrift Store
Apparel
15,643 visits/mo
0.2 miles
Demographics for 84120, UT
51,212
Population
14,184
Households
3.6
Avg Household Size
32
Median Age
15%
College-Educated
81%
High-School Grad
10.1 sq mi
ZIP Area
5,070
Density / Sq Mi
$90,847
Median Household Income
$36,899
Median Earnings
$1,434
Median Rent
$370,800
Median Home Value
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail center with five suites, established tenants, and access to Bangerter Highway.
Where is this strip mall located?
The property is located at 4032 West 4100 South West Valley Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 8,910‑square‑foot strip center on .69 AC; Five units in one building; average unit sizes range from 1,320 to 2,220 SF; 100% occupancy with Subway, Metro, and Boost Mobile among the tenants
