Downtown Service Garage and
662 S 200 W Salt Lake City, UT
For Sale
Contact for pricing
Service garage and development land near downtown and Granary district.
Property Size3,472 SF
Lot Size0.38 Acres
Price / SF$460.83
Days on Market1331
Property Features for 662 S 200 W
General Information
Standard status
Active
Size
3,472 SF
Lot size
0.38 Acres
Property subtype
RETAIL
Listing Agency:
InterNet Properties
(801) 706-9754
Listed By:
Jake Copinga
Source:
Moodyscre
Added: Dec 6, 2022
Changed: Jul 6
Last Checked: Jul 21 at 6:42AM
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 InterNet Properties
Investment Insights
Based on property information with market context.
This property features a 3,472 square foot service garage and development land. It is conveniently located on the periphery of downtown and the Granary district, with easy access to the 900 South and 600 South TRAX stations. The property benefits from frontage on 200 West and includes on-building and freestanding signage. It is zoned D2 Downtown Support District. The parcel numbers are 15-12-203-012, 15-12-203-007, and 15-21-203-006.
Key Highlights
- D2 Downtown Support District Zoning
- Great Frontage on 200 West
- 3,472 SF Service Garage on Property
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 | $76.2k | $21.96 |
| − Vacancy | −$2.1k | −$0.61 |
| EGI | $74.1k | $21.35 |
| − OpEx | −$22.2k | −$6.40 |
| NOI | $51.9k | $14.94 |
3,472 SF · lease $21.96/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$741.1K
$648.5K – $864.6K
NOI $51,877 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$325.4K
$284.7K – $379.7K
NOI $22,779 @ 7.0% cap · market cap 1.42%
Theoretical Best
Office A
$935.4K
$818.5K – $1.09M
NOI $65,478 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- More Secured Insurance CO — 319 Beldon Pl, Salt Lake City, UT 84111
- Maserati of Salt Lake City — 560 S 200 E, Salt Lake City, UT 84111
- New Era — Martin Luther King Jr Blvd, Salt Lake City, UT 84111
- R S Mobile Lube — Salt Lake City, UT 84111
- Service Department at Ferrari, Maserati, and Alfa Romeo — 560 S 200 E, Salt Lake City, UT 84111
Frequently Asked Questions
What type of property is this?
Auto shop - Service garage and development land near downtown and Granary district.
Where is this auto shop located?
The property is located at 662 S 200 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: D2 Downtown Support District Zoning; Great Frontage on 200 West; **3,472 SF Service Garage on Property**
