Two-Tenant Office
For Sale
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5522 S 3200 W, Taylorsville, UT 84129
Two-suite office building in C-2 zoning, built in 2005, with 100% occupancy by two tenants.
Property Size9,140 SF
Lot Size1.06 Acres
Price / SF$213.35
Days on Market23
Property Features for 5522 S 3200 W
General Information
Standard status
Active
Size
9,140 SF
Lot size
1.06 Acres
Property subtype
OFFICE
Zoning
C-2
Occupancy
100%
Net Operating Income
$132,150
Financials
Asking Price
$1,950,000
Cap Rate
6.78%
Additional Details
Office Units
2
Building Details
Year Built
2005
Building Size
9,140 SF
Construction
wood frame with brick veneer
Tenancy
Multi
Listing Agency:
Colliers | Utah County
(801) 702-4682
Listed By:
James Bullington · License #UT 5472910-SA00
Source:
Moodyscre
Added: Jul 10
Changed: Jul 30
Last Checked: Jul 31 at 12:01PM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
Two-suite office building with 100% occupancy. Suite 101 spans 7,290 SF and is occupied by the State of Utah, occupied since July 2005. Suite 101 has a lease expiration of 7/31/2030. Suite 102 spans 1,850 SF and is occupied by Helping Hands, occupied since October 2014, with a lease expiration of 9/30/2027.
The building totals 9,140 SF on a 1.06 AC site. Construction is wood frame with brick veneer, and the property is zoned C-2 in Taylorsville City. The investment figures provided include a 6.78% cap rate and $132,150 NOI.
Built in 2005, the property is configured as a multi-tenant office with each suite under its own lease term and expiration dates.
The building totals 9,140 SF on a 1.06 AC site. Construction is wood frame with brick veneer, and the property is zoned C-2 in Taylorsville City. The investment figures provided include a 6.78% cap rate and $132,150 NOI.
Built in 2005, the property is configured as a multi-tenant office with each suite under its own lease term and expiration dates.
Key Highlights
- 100% occupied, multi‑tenant office with two suites: Suite 101 (7,290 SF) and Suite 102 (1,850 SF)
- State of Utah tenant since July 2005 in Suite 101, lease exp. 7/31/2030
- Helping Hands tenant since October 2014 in Suite 102, lease exp. 9/30/2027
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 | $196.3k | $21.48 |
| − Vacancy | −$19.6k | −$2.15 |
| EGI | $176.7k | $19.33 |
| − OpEx | −$44.2k | −$4.83 |
| NOI | $132.5k | $14.50 |
9,140 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.89M
$1.66M – $2.21M
NOI $132,521 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$121.70M
$106.49M – $141.99M
NOI $8,519,173 @ 7.0% cap · market cap 436.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 84129, UT
37,421
Population
12,532
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
6.7 sq mi
ZIP Area
5,585
Density / Sq Mi
$94,051
Median Household Income
$45,173
Median Earnings
$1,546
Median Rent
$399,200
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 building - Two-suite office building in C-2 zoning, built in 2005, with 100% occupancy by two tenants.
Where is this office building located?
The property is located at 5522 S 3200 W Taylorsville, UT.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 100% occupied, multi‑tenant office with two suites: Suite 101 (7,290 SF) and Suite 102 (1,850 SF); State of Utah tenant since July 2005 in Suite 101, lease exp. 7/31/2030; Helping Hands tenant since October 2014 in Suite 102, lease exp. 9/30/2027
