Single-Story Freestanding Commercial
For Sale
$975,000
44 N 800 W, Salt Lake City, UT 84116
Single-story freestanding building currently used as a veterinary clinic, with rear outdoor space on its lot.
Property Size2,600 SF
Lot Size0.21 Acres
Price / SF$375
Days on Market111
Property Features for 44 N 800 W
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.21 Acres
Property subtype
Retail
Zoning
TSA-UN-C
Additional Details
Highway Access
Yes
Building Details
Building Size
2,600 SF
Year Built
1977
Stories
1
Listing Agency:
Align Complete Real Estate Services LLC
(801) 580-4945
Listed By:
Jonah Hornsby · License #6409658SA00
(801) 580-4945
Source:
Liftrealty
Added: May 11
Changed: Aug 28
Last Checked: Aug 28 at 11:52AM
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 Align Complete Real Estate Services LLC
Investment Insights
Based on property information with market context.
This single-story freestanding commercial building is currently used as a veterinary clinic and offers a workable layout for a new owner to adapt to a different concept. The property includes valuable outdoor space to the rear, which can support parking, outdoor operations, storage, or other practical uses. The building sits on a 0.21-acre lot and totals 2,600 square feet.
Located in Salt Lake City’s North Temple District just west of I-15, the site provides convenient access to a highly active commercial corridor. The current configuration is suited to owner-user occupancy or acquisition for repositioning.
Under the flexible TSA-UN-C zoning, potential future uses include retail, office, medical, personal services, and other uses permitted by the zoning designation.
Located in Salt Lake City’s North Temple District just west of I-15, the site provides convenient access to a highly active commercial corridor. The current configuration is suited to owner-user occupancy or acquisition for repositioning.
Under the flexible TSA-UN-C zoning, potential future uses include retail, office, medical, personal services, and other uses permitted by the zoning designation.
Key Highlights
- Freestanding single‑story commercial building built in 1977 totaling 2,600 SF
- Current use as a veterinary clinic; suitable for an owner‑user or investor
- 0.21‑acre lot with valuable rear outdoor space for parking, outdoor operations, storage, or expansion
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
$37,697
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
3.87%
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%
$753,940
$753.9K
Cap Rate 7%
$538,529
$538.5K
Cap Rate 9%
$418,856
$418.9K
Market Conditions
NOI Build-Up for 2,600 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
$55.8K $21.48/SF
− Vacancy
−$5.6K −$2.15/SF
EGI
$50.3K $19.33/SF
− OpEx
−$12.6K −$4.83/SF
NOI
$37.7K $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%
$753,940
Cap Rate 7%
$538,529
Cap Rate 9%
$418,856
Alternative Uses
Best Use
Office B
$538.5K
$471.2K – $628.3K
NOI $37,697 @ 7.0% cap · market cap 3.87%
Second Best
Healthcare Medical
$525.1K
$459.5K – $612.6K
NOI $36,757 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$700.5K
$612.9K – $817.2K
NOI $49,033 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,990
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84116, UT
35,327
Population
14,487
Households
2.4
Avg Household Size
31
Median Age
24%
College-Educated
82%
High-School Grad
50.3 sq mi
ZIP Area
702
Density / Sq Mi
$69,604
Median Household Income
$38,492
Median Earnings
$1,280
Median Rent
$334,900
Median Home Value
Market
Vacancy Rate% for Office in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Avenues Pet Clinic — 350 E 100 S, Salt Lake City, UT 84111
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story freestanding building currently used as a veterinary clinic, with rear outdoor space on its lot.
Where is this medical office space located?
The property is located at 44 N 800 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Freestanding single‑story commercial building built in 1977 totaling 2,600 SF; Current use as a veterinary clinic; suitable for an owner‑user or investor; 0.21‑acre lot with valuable rear outdoor space for parking, outdoor operations, storage, or expansion
