Two-Story Office Suite with
For Sale
$420,000
4885 S 900 E Unit 102, Salt Lake City, UT 84117
Move-in ready office suite with a built-in loft, multiple offices, and a private bathroom for small professional teams.
Property Size1,571 SF
Price / SF$276.86
Days on Market89
Property Features for 4885 S 900 E Unit 102
General Information
Standard status
Active
Size
1,571 SF
Property subtype
Office
Building Details
Building Size
1,571 SF
Year Built
1981
Year Renovated
2025
Stories
2
Listing Agency:
Next Real Estate Inc
(801) 647-0040
Listed By:
Spencer Clawson
(801) 636-8426
Source:
Liftrealty
Added: May 25
Changed: Aug 17
Last Checked: Aug 20 at 5:23AM
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 Next Real Estate Inc
Investment Insights
Based on property information with market context.
This two-level office suite offers a loft plus a private bathroom and kitchenette, with an efficient layout that separates work areas. The main level includes three main offices along with additional workspaces, while the upper office level is fully built out to accommodate two workstations. The space is described as fully remodeled in 2023 and redone in 2025, resulting in clean, modern finishes throughout, designed for day-one usability.
Access is provided through a main-floor entry, and the unit is set up as a self-contained workspace within the building. A first-level entry supports easy day-to-day movement between the main work areas and the lofted upper level.
The configuration is well suited for owner-users and small teams seeking a multi-level environment. The remarks indicate the unit is zoned for medical tech startups and aligns with professional services users who benefit from dedicated offices and an upstairs workstation area. Ongoing common area maintenance is described as $652.04 per month and includes power, gas, and water, along with common area maintenance and HVAC and roof maintenance.
Access is provided through a main-floor entry, and the unit is set up as a self-contained workspace within the building. A first-level entry supports easy day-to-day movement between the main work areas and the lofted upper level.
The configuration is well suited for owner-users and small teams seeking a multi-level environment. The remarks indicate the unit is zoned for medical tech startups and aligns with professional services users who benefit from dedicated offices and an upstairs workstation area. Ongoing common area maintenance is described as $652.04 per month and includes power, gas, and water, along with common area maintenance and HVAC and roof maintenance.
Key Highlights
- Move‑in ready office suite with built‑in loft, private bathroom, and kitchenette
- Two‑level workspace: 1,317 SF main level plus ~200 SF upper office level
- Main floor includes entry plus 3 main offices and additional workspaces
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
$21,995
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
5.24%
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%
$439,900
$439.9K
Cap Rate 7%
$314,214
$314.2K
Cap Rate 9%
$244,389
$244.4K
Market Conditions
NOI Build-Up for 1,517 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
$32.6K $21.48/SF
− Vacancy
−$3.3K −$2.15/SF
EGI
$29.3K $19.33/SF
− OpEx
−$7.3K −$4.83/SF
NOI
$22.0K $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%
$439,900
Cap Rate 7%
$314,214
Cap Rate 9%
$244,389
Alternative Uses
Best Use
Office B
$314.2K
$274.9K – $366.6K
NOI $21,995 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.7K
$357.6K – $476.8K
NOI $28,609 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Salt Lake City, UT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office suite with a built-in loft, multiple offices, and a private bathroom for small professional teams.
Where is this office units located?
The property is located at 4885 S 900 E Unit 102 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Move‑in ready office suite with built‑in loft, private bathroom, and kitchenette; Two‑level workspace: 1,317 SF main level plus ~200 SF upper office level; Main floor includes entry plus 3 main offices and additional workspaces
