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 Market68
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) 610-1300
Listed By:
James Bullington · License #UT 5472910-SA00
(801) 702-4682
Source:
Moodyscre
Added: Jul 10
Changed: Sep 2
Last Checked: Sep 15 at 10:57AM
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
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
$132,521
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
6.80%
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%
$2,650,420
$2.7M
Cap Rate 7%
$1,893,157
$1.9M
Cap Rate 9%
$1,472,456
$1.5M
Market Conditions
NOI Build-Up for 9,140 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
$196.3K $21.48/SF
− Vacancy
−$19.6K −$2.15/SF
EGI
$176.7K $19.33/SF
− OpEx
−$44.2K −$4.83/SF
NOI
$132.5K $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 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%
$2,650,420
Cap Rate 7%
$1,893,157
Cap Rate 9%
$1,472,456
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
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Open 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
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Market
Vacancy Rate% for Office in West region
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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
