Building Details

Year Built 1978

Year Renovated 2000

Units 1

Tenancy Single

Construction rustic

Listing Agency: Colliers - Salt Lake City, Utah

Listed By: William Riedel · License #13911643-SA00 Show Phone

Source: Crexi

Added: Aug 17 Changed: Oct 10 Last Checked: Oct 16 at 8:17AM

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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 - Salt Lake City, Utah

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Investment Insights

Based on property information with market context.

This rustic-style storefront property in Sandy offers approximately 3,000 SF of commercial space, with a layout suited to retail or other storefront-oriented operations. The property includes 14 parking stalls and was built in 1978.

The site is located at 600 East 9400 South in Sandy, Utah, less than 10 minutes from I-15 and the Mountain America Expo Center. Its established storefront configuration and on-site parking provide a practical setting for a customer-facing commercial use.

Key Highlights

• Approximately 3,000 SF of storefront space
• 14 parking stalls
• Less than 10 minutes from I‑15

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,931

Cap Rate

4.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$898,620 $898.6K

Cap Rate 7%

$641,871 $641.9K

Cap Rate 9%

$499,233 $499.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$65.9K $21.96/SF

− Vacancy

−$1.7K −$0.56/SF

EGI

$64.2K $21.40/SF

− OpEx

−$19.3K −$6.42/SF

NOI

$44.9K $14.98/SF

Area

Salt Lake County, UT

Vacancy

2.57%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$898,620

Cap Rate 7%

$641,871

Cap Rate 9%

$499,233

Alternative Uses

Best Use

Retail

$641.9K

$561.6K – $748.9K (±1% cap)

NOI $44,931 @ 7.0% cap · market cap 4.52%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$39.95M

$34.95M – $46.60M (±1% cap)

NOI $2,796,227 @ 7.0% cap · market cap 281.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Storage Facility Veterinary Clinic Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,041

Businesses Nearby

52k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 50% Shops & Services 50%

Joe's Crab Shack Dining

19,130 visits/mo 0.3 miles

Mountain America Credit Union Shops & Services

9,474 visits/mo 0.2 miles

7-Eleven Shops & Services

8,462 visits/mo 0.2 miles

America First Credit Union Shops & Services

7,879 visits/mo 0.3 miles

Beans & Brews Dining

4,317 visits/mo 0.2 miles

Demographics for 84070, UT

30,885

Population

12,212

Households

2.5

Avg Household Size

34

Median Age

36%

College-Educated

93%

High-School Grad

7.3 sq mi

ZIP Area

4,231

Density / Sq Mi

$79,414

Median Household Income

$44,013

Median Earnings

$1,578

Median Rent

$429,400

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial space with on-site parking and access to I-15 and the Mountain America Expo Center.

Where is this storefront property located?

The property is located at 600 East 9400 South Sandy, UT.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Approximately 3,000 SF of storefront space; 14 parking stalls; Less than 10 minutes from I‑15