623 Fort Union Blvd, Midvale, UT 84047
Six commercial office condos in Union Park, all leased.
- Added:
- Jan 29, 2026
- Days on Market:
- 149
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 623 Fort Union Blvd
General Information
- Standard status
- Active
- Size
- 7,128 SF
- Property subtype
- Office, Retail
Listing office Real Estate Essentials Commercial
Listing date Jan 29, 2026
Source Crexi
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 Real Estate Essentials Commercial
HighLights
- Opportunity to acquire 6 commercial office condos
- All 6 offices are leased to a single tenant
- Tenant is on a 10‑year lease
- Located in Union Park
- Commercial office condos
Overview
Local Financial Insights For Retail
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 | $156.5k | $21.96 |
| − Vacancy | −$4.0k | −$0.56 |
| EGI | $152.5k | $21.40 |
| − OpEx | −$45.8k | −$6.42 |
| NOI | $106.8k | $14.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midvale
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.8738647
- Latitude
- 40.6221313
