Freestanding Office
For Sale
$720,000
661 S 200 E, Salt Lake City, UT 84111
Commercial Sale, Salt Lake City, UT
Property Size1,825 SF
Lot Size0.07 Acres
Price / SF$394.52
Days on Market47
Property Features for 661 S 200 E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
MU-3
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
16-07-127-003
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6608
Building Details
Year built
1988
Listing Agency:
Century 21 Everest · Century 21 Real Estate
(801) 449-3000
Listed By:
David Clough · License #UT7474015-AB
(801) 541-0996
Added: Aug 28
Changed: Sep 17
Last Checked: Oct 13 at 4:06AM
MLS# 2181979
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Investment Insights
Based on property information with market context.
This freestanding office building offers 1,825 square feet of commercial space on a 0.07-acre parcel. The property is configured for office use and includes substantial off-street parking for occupants and visitors.
Located at 661 S 200 E in Salt Lake City, the building is positioned within Salt Lake County and carries a 84111 postal address. Its standalone format and parking supply provide a practical setting for an office user or owner-occupant.
Located at 661 S 200 E in Salt Lake City, the building is positioned within Salt Lake County and carries a 84111 postal address. Its standalone format and parking supply provide a practical setting for an office user or owner-occupant.
Key Highlights
- 1,825 SF freestanding office building
- 0.07‑acre parcel
- 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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3,824
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Standalone office property with dedicated off-street parking in Salt Lake City.
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; 0.07‑acre parcel; Substantial off‑street parking
