Remodeled Office
For Sale
$275,000
4885 S 900 E #STE204, Millcreek, UT 84117
Professional workspace with private offices, exterior windows, shared amenities, and close proximity to freeways.
Property Size940 SF
Price / SF$292.55
Days on Market39
Property Features for 4885 S 900 E #STE204
General Information
Standard status
Active
Size
940 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
Gym
Showers
Locker Rooms
Multiple Conference Rooms
Shared Kitchen
Monument Signage Available
Building Details
Year Built
1981
Listing Agency:
CRE Specialists, LLC
(801) 876-6070
Listed By:
Justin Welch · License #6561454-PB00
Source:
Acresutah
Added: Jun 27
Changed: Jul 31
Last Checked: Aug 4 at 8:52AM
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 CRE Specialists, LLC
Investment Insights
Based on property information with market context.
Suite 204 is a newly remodeled 940-square-foot office unit with Three (3) private offices, each featuring exterior windows. The suite is supported by on-site amenities including a gym, showers, locker rooms, multiple conference rooms, and a shared kitchen. Monument signage is available, and ample parking serves the property. The building was constructed in 1981.
Located at 4885 S 900 E in Millcreek, Suite 204 offers close proximity to freeways and views overlooking landscaped gardens. The combination of private offices, shared meeting and kitchen facilities, wellness amenities, signage availability, and parking creates a functional setting for office operations.
Located at 4885 S 900 E in Millcreek, Suite 204 offers close proximity to freeways and views overlooking landscaped gardens. The combination of private offices, shared meeting and kitchen facilities, wellness amenities, signage availability, and parking creates a functional setting for office operations.
Key Highlights
- 940 Sq. Ft office suite with Three (3) private offices
- Exterior windows in each private office
- Newly remodeled office space
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 | $20.2k | $21.48 |
| − Vacancy | −$2.0k | −$2.15 |
| EGI | $18.2k | $19.33 |
| − OpEx | −$4.5k | −$4.83 |
| NOI | $13.6k | $14.50 |
940 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$194.7K
$170.4K – $227.2K
NOI $13,629 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.52M
$10.95M – $14.60M
NOI $876,151 @ 7.0% cap · market cap 318.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 84117, UT
25,675
Population
11,316
Households
2.3
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
4,585
Density / Sq Mi
$87,451
Median Household Income
$47,445
Median Earnings
$1,687
Median Rent
$581,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional workspace with private offices, exterior windows, shared amenities, and close proximity to freeways.
Where is this office units located?
The property is located at 4885 S 900 E #STE204 Millcreek, UT.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 940 Sq. Ft office suite with Three (3) private offices; Exterior windows in each private office; Newly remodeled office space
