Downtown Salt Lake City
For Sale
$3,400,000
546 200, Salt Lake City, UT 84101
Spacious Owner-User Opportunity in Downtown Salt Lake City Utah
Property Size10,328 SF
Lot Size0.00 Acres
Price / SF$329.20
Days on Market378
Property Features for 546 200
General Information
Standard status
Active
Property type
Office buildings, Creative space, Office Spaces
Size
10,328 SF
Class
B
Total Parking Spaces
22
Lot size
0.00 Acres
Building Details
Year Built
1956
Buildings
1
Stories
2
Listed By:
Tyler Broussard
(337) 304-3984
Added: Sep 24, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located in downtown Salt Lake City, this 10,328 SF building at 546 S 200 W presents an owner-user opportunity with the option to divide the space into 6,792 SF and 3,382 SF sections, each with separate entrances. The property features a secluded private patio, along with 22 parking stalls and walkable amenities. Updated in 2020, the building includes a reception area, 20 private offices, 2 open work areas, 3 conference rooms, a full kitchen, and 4 restrooms. Multiple secure entrances balance creativity and functionality. The location provides convenient access to a James Beard–nominated restaurant, convention centers, Grand America spa, hotels, golf simulators, ski and car rentals, and the airport. The property also offers future development potential and is located in an Opportunity Zone. It provides 3-minute freeway access and is near retail, restaurants, coffee shops, and dry cleaning.
Key Highlights
- Private Outdoor Patio
- Flexible 6,792 SF and 3,382 SF for multi‑tenant, growth and expansion options
- Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,746
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,920
$3.0M
Cap Rate 7%
$2,139,229
$2.1M
Cap Rate 9%
$1,663,844
$1.7M
Market Conditions
NOI Build-Up for 10,328 SF
Gross rent
$221.8K $21.48/SF
− Vacancy
−$22.2K −$2.15/SF
EGI
$199.7K $19.33/SF
− OpEx
−$49.9K −$4.83/SF
NOI
$149.7K $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 Rate 5%
$2,994,920
Cap Rate 7%
$2,139,229
Cap Rate 9%
$1,663,844
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.50M
NOI $149,746 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.25M
NOI $194,776 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,574
Businesses Nearby
Explore this area
Business Placement
Demographics for 84101, UT
8,140
Population
5,605
Households
1.5
Avg Household Size
34
Median Age
51%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,522
Density / Sq Mi
$70,391
Median Household Income
$55,238
Median Earnings
$1,336
Median Rent
$541,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building - Spacious Owner-User Opportunity in Downtown Salt Lake City Utah
Where is this office building located?
The property is located at 546 200 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Private Outdoor Patio; Flexible 6,792 SF and 3,382 SF for multi‑tenant, growth and expansion options; Opportunity Zone
