Freestanding Office
For Sale
$720,000
661 S 200 E, Salt Lake City, UT 84111
The property includes substantial off-street parking and MU-3 zoning.
Property Size1,825 SF
Price / SF$394.52
Days on Market58
Property Features for 661 S 200 E
General Information
Standard status
Active
Size
1,825 SF
Property subtype
Commercial
Zoning
MU-3
Site & Location
Neighborhood
Central City
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,608
Building Details
Building Size
1,825 SF
Year Built
1988
Buildings
1
Listing Agency:
Century 21 Everest
(801) 449-3000
Listed By:
David Clough · License #UT7474015-AB
(801) 541-0996
Source:
Etzelonline
Added: Aug 28
Changed: Oct 23
Last Checked: Oct 23 at 4:45PM
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 Century 21 Everest
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Investment Insights
Based on property information with market context.
This freestanding office property contains 1,825 square feet and is zoned MU-3. Substantial off-street parking is available. The building is located at 661 S 200 E in Salt Lake City, Utah.
Key Highlights
- 1,825 SF freestanding office building
- MU‑3 zoning
- Substantial off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,461
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,220
$529.2K
Cap Rate 7%
$378,014
$378.0K
Cap Rate 9%
$294,011
$294.0K
Market Conditions
NOI Build-Up for 1,825 SF
Gross rent
$39.2K $21.48/SF
− Vacancy
−$3.9K −$2.15/SF
EGI
$35.3K $19.33/SF
− OpEx
−$8.8K −$4.83/SF
NOI
$26.5K $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%
$529,220
Cap Rate 7%
$378,014
Cap Rate 9%
$294,011
Alternative Uses
Best Use
Office B
$378.0K
$330.8K – $441.0K
NOI $26,461 @ 7.0% cap · market cap 3.68%
Second Best
Healthcare Medical
$368.6K
$322.5K – $430.0K
NOI $25,800 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$491.7K
$430.2K – $573.6K
NOI $34,418 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,824
Businesses Nearby
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Business Placement
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value
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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 - The property includes substantial off-street parking and MU-3 zoning.
Where is this office building located?
The property is located at 661 S 200 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 1,825 SF freestanding office building; MU‑3 zoning; Substantial off‑street parking
