Remodeled Office Building with
42 East Exchange Place Salt Lake City, UT 84111
42 East Exchange Place, Salt Lake City, UT, 84111
$1,450,000
For Sale
$1,450,000
Remodeled, three-level office building with floor-to-ceiling windows, exposed brick, and a roof-mounted natural gas generator.
Property Size3,670 SF
Price / SF$395.10
Days on Market69
Property Features for 42 East Exchange Place
General Information
- Standard status
- Active
- Size
- 3,670 SF
- Property subtype
- Office - Creative Office
Building Details
- Year Built
- 1905
Listing agency
InterNet Properties
(801) 413-8902
Listed by
Nico Bamberger Priskos
Source
Commercialcafe
Added: May 15 Updated: Jul 22 at 10:24AM Checked: Jul 22 at 10:24AM
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 InterNet Properties
Investment Insights
Based on property information with market context.
The Exchange Place Office Building is a fully remodeled office property split across three levels, totaling 3,670 SF. The interior features floor-to-ceiling windows and exposed brick, creating a modern, finished look. The building is also equipped with a natural gas-powered generator located on the roof.
Located at the prominent downtown corner of Exchange Place and Cactus Street (42 East Exchange Place, Salt Lake City, UT 84111), the property is zoned D-1. Convenient garage parking is available nearby, and the building offers easy access to TRAX stations.
This configuration supports an office layout across multiple floors within a remodeled, downtown office building setting.
Located at the prominent downtown corner of Exchange Place and Cactus Street (42 East Exchange Place, Salt Lake City, UT 84111), the property is zoned D-1. Convenient garage parking is available nearby, and the building offers easy access to TRAX stations.
This configuration supports an office layout across multiple floors within a remodeled, downtown office building setting.
Key Highlights
- Fully remodeled, three‑level office building with 3,670 SF total
- Year built: 1905
- Zoned D‑1
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.8k | $21.48 |
| − Vacancy | −$7.9k | −$2.15 |
| EGI | $70.9k | $19.33 |
| − OpEx | −$17.7k | −$4.83 |
| NOI | $53.2k | $14.50 |
3,670 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$760.2K
$665.1K – $886.9K
NOI $53,211 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$988.8K
$865.2K – $1.15M
NOI $69,213 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Division 9 Flooring
General Contractor
Susan Denhardt Law ...
Law Firm
Figure
Marketing & Advertising
bowen studios
Architectural Designer
HUB Studio
Interior Design
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Remodeled, three-level office building with floor-to-ceiling windows, exposed brick, and a roof-mounted natural gas generator.
Where is this office building located?
The property is located at 42 East Exchange Place Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully remodeled, three‑level office building with 3,670 SF total; Year built: 1905; Zoned D‑1
