Updated Office Condo Near
For Sale
$650,000
60 South 600 East, Salt Lake City, UT 84102
Meticulously maintained 3,760 SF office condo in Salt Lake City.
Property Size3,760 SF
Price / SF$172.87
Days on Market252
Property Features for 60 South 600 East
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Office
Building Details
Year Built
1985
Listing Agency:
InterNet Properties
(801) 573-8500
Listed By:
Christian Priskos, CCIM
(801) 573-8500
Source:
Iproperties
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 5:33AM
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 InterNet Properties
Investment Insights
Based on property information with market context.
This meticulously maintained office condo, built in 1985, is located in Salt Lake City, minutes from downtown and directly off historic South Temple. The property offers 3,760 square feet of space. It features a rare interior staircase, tall ceilings, and abundant natural light, enhanced by skylights. The location provides convenient access to local amenities and attractions, including dining, shopping, and entertainment options in the bustling downtown district. Nearby destinations include The Gateway, a premier entertainment and dining destination, and City Creek Mall. The property also features a private shower. This location presents an enticing opportunity for office building investors seeking a prime Salt Lake City address.
Key Highlights
- Prime location minutes from downtown Salt Lake City and directly off historic South Temple.
- Beautifully updated 3,760 SF office condo.
- Rare interior staircase.
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 | $80.8k | $21.48 |
| − Vacancy | −$8.1k | −$2.15 |
| EGI | $72.7k | $19.33 |
| − OpEx | −$18.2k | −$4.83 |
| NOI | $54.5k | $14.50 |
3,760 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$778.8K
$681.5K – $908.6K
NOI $54,516 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$886.4K – $1.18M
NOI $70,910 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
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 - Meticulously maintained 3,760 SF office condo in Salt Lake City.
Where is this office building located?
The property is located at 60 South 600 East Salt Lake City, UT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location minutes from downtown Salt Lake City and directly off historic South Temple.; Beautifully updated 3,760 SF office condo.; Rare interior staircase.
