Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6975 S Union Park Ctr. Cottonwood Heights, UT 84047

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    31,019 square foot office space for rent.

    Type:Office
    Property size:
    31,019 SF
    Added:
    Apr 8, 2026
    Days on Market:
    18
    Last Refresh:
    Apr 8 at 8:40 pm

    Property Features for 6975 S Union Park Ctr.

    General Information

    Standard status
    Active
    Size
    31,019 SF
    Property subtype
    Office

    Building Details

    Year Built
    2026

    Spaces For Lease

    at 6975 S Union Park Ctr. Contact us

    We can help!

    Listing Contact
    Mike Richmond

    Listing agent Mike Richmond

    Listing office

    Listing date Apr 8, 2026

    Source Cushmanwakefield

    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 Mike Richmond

    Overview

    Cottonwood Heights Office Space Available

    This commercial real estate offers 31,019 square feet of office space and is located in Cottonwood Heights, Utah.
    Location Intelligence

    Current Use by Public Records

    Kimi Fry - Imagine ... Real Estate Agency Dimension Data Utah Telecommunications Service Lafferty Communities Construction Company George Floor at CrossCountry ... Loan Service HealthBiller (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cottonwood Heights
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.855918
    Latitude
    40.6240361

    Nearby Similar for Lease

    • Contact for pricing

      Cottonwood Center

      2825 Cottonwood Pkwy, Unit 500, Cottonwood Heights, UT 84121
      View Details
    • Sponsored
      Contact for pricing

      Union Park

      6975 Union Park Ave, Unit 600, Cottonwood Heights, UT 84047
      View Details
    • $24 SF/Yr

      Class A Office Space Available

      Office space for lease in Cottonwood Heights, Utah.
      6340 South 3000 East, Cottonwood Heights, UT, 84121
      View Details
    • $28 SF/Yr

      Cottonwood Heights Office Space Available

      Office space for lease in central Salt Lake location.
      6975 S Union Park Ctr, Cottonwood Heights, UT
      View Details
    • $25 SF/Yr

      Cottonwood Heights Office Space Available

      Office space available for lease in Cottonwood Heights, Utah.
      7090 South Union Park Center, Cottonwood Heights, UT, 84047
      View Details
    • $24 SF/Yr

      Class A Office Space Available

      Premier Class A office buildings with mountain and city views.
      6322 South 3000 East, Cottonwood Heights, UT, 84121
      View Details
    • $34 SF/Yr

      Prestigious Office Space Available

      Office space in a prestigious location with mountain views.
      2825 E Cottonwood Pkwy, Cottonwood Heights, UT
      View Details
    • $24 SF/Yr

      Cottonwood Heights Office Space Available

      Office space for rent with mountain views and I-215 access.
      6330 S 3000 E, Cottonwood Heights, UT
      View Details
    • $28 SF/Yr

      Move-in Ready Office Space

      Class A office space available immediately with furniture included.
      7090 S Union Park Ave, Cottonwood Heights, UT
      View Details
    • $20 SF/Yr

      Class A Office Space Available

      High-quality office space with convenient access and on-site amenities.
      2890 E Cottonwood Pkwy, Cottonwood Heights, UT
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      6975 Union Park Avenue, Suite 600, Cottonwood Heights, UT 84047
      View Details
    • $24 SF/Yr

      Class A Office Space Available

      Class A office space with amenities in Cottonwood Heights.
      6340 S 3000 E, Cottonwood Heights, UT
      View Details

    FAQs

    What type of property is this?
    Office building - 31,019 square foot office space for rent.
    Where is this office building located?
    The property is located at 6975 S Union Park Ctr. Cottonwood Heights, UT.
    What are key features of this property?
    This property features: 31,019 square foot office space available; Newly constructed in 2026
    (801) 558-7828
    We can help!
    Listing Contact
    Mike Richmond
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!