Leased Professional Office
New
For Sale
Contact for pricing
6150 S Redwood Rd, Salt Lake City, UT 84129
Built in 2007, the property has PO zoning and a 4-per-1,000 parking ratio.
Property Size16,463 SF
Price / SF$264.23
Days on Market4
Property Features for 6150 S Redwood Rd
General Information
Standard status
Active
Size
16,463 SF
Property subtype
OFFICE
Zoning
PO
Occupancy
100%
Additional Details
Cap Rate
6.5%
Highway Access
Yes
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
2007
Parking Ratio
4 per 1,000 SF
Listing Agency:
NAI Premier
(801) 255-3333
Listed By:
Thomas Longaker · License #5627016-AB00
(801) 755-1264
Source:
Moodyscre
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:09PM
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 NAI Premier
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Investment Insights
Based on property information with market context.
This 16,463-square-foot professional office building was completed in 2007 and is fully leased. The property carries PO zoning and provides parking at a ratio of 4 spaces per 1,000 square feet. Its architectural design is a distinguishing physical feature.
Interstate 215 is accessible from the property, and numerous amenities are nearby. A separate 2.14-acre parcel lies south of the building and is available for purchase independently.
Interstate 215 is accessible from the property, and numerous amenities are nearby. A separate 2.14-acre parcel lies south of the building and is available for purchase independently.
Key Highlights
- 16,463‑square‑foot office building, built in 2007
- Fully leased professional office property
- 6.5% CAP rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,697
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,773,940
$4.8M
Cap Rate 7%
$3,409,957
$3.4M
Cap Rate 9%
$2,652,189
$2.7M
Market Conditions
NOI Build-Up for 16,463 SF
Gross rent
$353.6K $21.48/SF
− Vacancy
−$35.4K −$2.15/SF
EGI
$318.3K $19.33/SF
− OpEx
−$79.6K −$4.83/SF
NOI
$238.7K $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%
$4,773,940
Cap Rate 7%
$3,409,957
Cap Rate 9%
$2,652,189
Alternative Uses
Best Use
Office B
$3.41M
$2.98M – $3.98M
NOI $238,697 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.88M – $5.17M
NOI $310,476 @ 7.0% cap · market cap 7.14%
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
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
762
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office building - Built in 2007, the property has PO zoning and a 4-per-1,000 parking ratio.
Where is this office building located?
The property is located at 6150 S Redwood Rd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 16,463‑square‑foot office building, built in 2007; Fully leased professional office property; 6.5% CAP rate
