C-2 Zoned Office
5002 S HIGHLAND DR, Holladay, UT 84117
For Sale
$800,000
The property’s commercial zoning supports a range of business uses.
Property Size1,983 SF
Price / SF$505.05
Days on Market73
Property Features for 5002 S HIGHLAND DR
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Jody Deamer & Company
(801) 540-7111
Listed By:
Paul Gerritsen · License UT #8436167
(801) 547-7668
Source:
Liftrealty
Added: Sep 3
Changed: Nov 12
Last Checked: Nov 12 at 2:28PM
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 Jody Deamer & Company
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 1,584-square-foot office building was constructed in 1983 and is zoned C-2. It operated as an H&R Block office for more than 30 years, establishing a long-standing business use for the property.
The building is at 5002 S Highland Dr in Holladay, Utah.
The building is at 5002 S Highland Dr in Holladay, Utah.
Key Highlights
- 1,584‑square‑foot office building
- C‑2 commercial zoning
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,966
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,320
$459.3K
Cap Rate 7%
$328,086
$328.1K
Cap Rate 9%
$255,178
$255.2K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$34.0K $21.48/SF
− Vacancy
−$3.4K −$2.15/SF
EGI
$30.6K $19.33/SF
− OpEx
−$7.7K −$4.83/SF
NOI
$23.0K $14.50/SF
Area
Salt Lake County, 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 Rate 5%
$459,320
Cap Rate 7%
$328,086
Cap Rate 9%
$255,178
Alternative Uses
Best Use
Office B
$328.1K
$287.1K – $382.8K
NOI $22,966 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.8K
$373.4K – $497.9K
NOI $29,873 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
975
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
$581,100
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Salt Lake County, UT
Properties on Market for Office buildings in Salt Lake County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The property’s commercial zoning supports a range of business uses.
Where is this office building located?
The property is located at 5002 S HIGHLAND DR Holladay, UT.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,584‑square‑foot office building; C‑2 commercial zoning; Built in 1983
