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$163.64
Days on Market109
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:
Newmark Mountain West - Corporate
(801) 456-8800
Listed By:
Spencer Greer · License #10484989-SA00
(801) 783-3078
Source:
Moodyscre
Added: Jul 14
Changed: Oct 26
Last Checked: Oct 28 at 12:37PM
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 Newmark Mountain West - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$79,745
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,900
$1.6M
Cap Rate 7%
$1,139,214
$1.1M
Cap Rate 9%
$886,056
$886.1K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$118.1K $21.48/SF
− Vacancy
−$11.8K −$2.15/SF
EGI
$106.3K $19.33/SF
− OpEx
−$26.6K −$4.83/SF
NOI
$79.7K $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%
$1,594,900
Cap Rate 7%
$1,139,214
Cap Rate 9%
$886,056
Alternative Uses
Best Use
Office B
$1.14M
$996.8K – $1.33M
NOI $79,745 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,725 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
65.5%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
827
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
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
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 $900,000.
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)
