Remodeled Two-Unit Office
For Sale
Contact for pricing
6691 South 1300 East #100-200, Cottonwood Heights, UT 84121
Two adjoining office suites offer updated interiors, efficient layouts, and covered reserved parking.
Property Size2,512 SF
Price / SF$275
Days on Market9
Property Features for 6691 South 1300 East #100-200
General Information
Standard status
Active
Size
2,512 SF
Class
B
Total Parking Spaces
3
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
Align Real Estate
Listed By:
Jody Jones · License #UT 9333926-SA0
Source:
Crexi
Added: Aug 4
Changed: Aug 12
Last Checked: Aug 12 at 5:55AM
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 Align Real Estate
Investment Insights
Based on property information with market context.
This office property comprises adjoining Suites #100 and #200 with a combined 2,512 SF of remodeled workspace. The suites were built in 2000 and include updated interiors and efficient office layouts. The offering also includes Parcel Nos. 22-20-432-011 and 22-20-432-009, with the two suites conveyed together.
Frontage on 1300 East provides direct street exposure, while access to I-215 connects the property with major transportation corridors. Three reserved covered parking stalls supplement abundant open parking. Restaurants, retail, and professional services surround the property, with access to downtown Salt Lake City, the airport, and the Wasatch canyons.
Frontage on 1300 East provides direct street exposure, while access to I-215 connects the property with major transportation corridors. Three reserved covered parking stalls supplement abundant open parking. Restaurants, retail, and professional services surround the property, with access to downtown Salt Lake City, the airport, and the Wasatch canyons.
Key Highlights
- Two adjoining office suites totaling 2,512 SF
- Remodeled interiors with efficient office layouts
- Includes Parcel Nos. 22‑20‑432‑011 and 22‑20‑432‑009
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,421
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,420
$728.4K
Cap Rate 7%
$520,300
$520.3K
Cap Rate 9%
$404,678
$404.7K
Market Conditions
NOI Build-Up for 2,512 SF
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.
Gross rent
$54.0K $21.48/SF
− Vacancy
−$5.4K −$2.15/SF
EGI
$48.6K $19.33/SF
− OpEx
−$12.1K −$4.83/SF
NOI
$36.4K $14.50/SF
Area
Salt Lake County, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,420
Cap Rate 7%
$520,300
Cap Rate 9%
$404,678
Alternative Uses
Best Use
Office B
$520.3K
$455.3K – $607.0K
NOI $36,421 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$33.45M
$29.27M – $39.02M
NOI $2,341,374 @ 7.0% cap · market cap 338.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 84121, UT
41,628
Population
16,669
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
97%
High-School Grad
64.5 sq mi
ZIP Area
645
Density / Sq Mi
$114,912
Median Household Income
$56,990
Median Earnings
$1,732
Median Rent
$614,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two adjoining office suites offer updated interiors, efficient layouts, and covered reserved parking.
Where is this office units located?
The property is located at 6691 South 1300 East #100-200 Cottonwood Heights, UT.
What is the asking price?
The asking price for this property is $690,800.
What are key features of this property?
This property features: Two adjoining office suites totaling 2,512 SF; Remodeled interiors with efficient office layouts; Includes Parcel Nos. 22‑20‑432‑011 and 22‑20‑432‑009
