Owner-User Office
For Sale
Contact for pricing
5941 S Redwood Rd, Salt Lake City, UT 84123
5,500 SF office building with 1,900 SF vacant and 3,600 SF on month-to-month leases.
Property Size5,500 SF
Price / SF$168.18
Days on Market19
Property Features for 5941 S Redwood Rd
General Information
Standard status
Active
Size
5,500 SF
Property subtype
OFFICE
Occupancy
65%
Additional Details
Business Included
No
Highway Access
Yes
Listing Agency:
Mountain West - Corporate
(801) 783-3078
Listed By:
Spencer Greer · License #UT 7080096 SA00
Source:
Moodyscre
Added: Jul 14
Changed: Jul 28
Last Checked: Jul 31 at 10:42AM
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 Mountain West - Corporate
Investment Insights
Based on property information with market context.
This owner-user office building totals 5,500 SF and includes 1,900 SF currently vacant. The remaining 3,600 SF is held under month-to-month leases, creating space for either an owner-occupied plan or flexible near-term occupancy.
The property is centrally located in Salt Lake County and offers excellent freeway access.
Offered for sale at $925,000, the building presents a straightforward configuration of both vacant space and leased office area within a single office asset.
The property is centrally located in Salt Lake County and offers excellent freeway access.
Offered for sale at $925,000, the building presents a straightforward configuration of both vacant space and leased office area within a single office asset.
Key Highlights
- 5,500 SF office building with 1,900 SF currently vacant
- 3,600 SF on month‑to‑month leases
- Purchase price is $925,000 ($168.18/SF)
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 | $118.1k | $21.48 |
| − Vacancy | −$11.8k | −$2.15 |
| EGI | $106.3k | $19.33 |
| − OpEx | −$26.6k | −$4.83 |
| NOI | $79.7k | $14.50 |
5,500 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.14M
$996.8K – $1.33M
NOI $79,745 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,725 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
65.5%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 84123, UT
39,489
Population
14,716
Households
2.7
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
8.3 sq mi
ZIP Area
4,758
Density / Sq Mi
$80,079
Median Household Income
$42,195
Median Earnings
$1,416
Median Rent
$436,600
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 building - 5,500 SF office building with 1,900 SF vacant and 3,600 SF on month-to-month leases.
Where is this office building located?
The property is located at 5941 S Redwood Rd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 5,500 SF office building with 1,900 SF currently vacant; 3,600 SF on month‑to‑month leases; Purchase price is $925,000 ($168.18/SF)
