Class A Office
For Sale
$900,000
7390 S Creek Rd, Sandy, UT 84093
Medical and office-compatible space includes basement storage and fiber optic connectivity.
Property Size4,209 SF
Price / SF$213.83
Days on Market46
Property Features for 7390 S Creek Rd
General Information
Standard status
Active
Size
4,209 SF
Class
C
Property subtype
office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
high-end finishes
fiber optic connectivity
Building Details
Year Built
2003
Buildings
1
Building Size
4,209 SF
Properties For Sale
at 7390 S Creek Rd Contact us- Floor
- 1st
- Size
- 4,209 SF
- Type
- Office
- Term
- Negotiable
- Availability
- Immediate
Available Space
Listing Agency:
Salt Lake City
(801) 456-9514
Listed By:
Jami Marsh · License #5488712-PB00
(801) 456-9514
Source:
Property.jll
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 29 at 3:19PM
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 Salt Lake City
Investment Insights
Based on property information with market context.
This office property provides 4,209 SF of total space, including 2,863 SF within the primary area and 1,346 SF of basement storage. Constructed in 2003, the building is described as Class A and includes finished interior improvements suited to both office and medical users. Fiber optic connectivity is also in place.
The property is associated with a highly visible commercial setting near dense housing and a range of amenities. Its configuration combines usable office area with dedicated lower-level storage, giving occupants additional support space without changing the primary office function. The property is offered for sale.
The property is associated with a highly visible commercial setting near dense housing and a range of amenities. Its configuration combines usable office area with dedicated lower-level storage, giving occupants additional support space without changing the primary office function. The property is offered for sale.
Key Highlights
- 4,209 SF total, including 2,863 SF of primary space and 1,346 SF of basement storage
- Built in 2003
- Class A finishes
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
$61,026
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
6.78%
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%
$1,220,520
$1.2M
Cap Rate 7%
$871,800
$871.8K
Cap Rate 9%
$678,067
$678.1K
Market Conditions
NOI Build-Up for 4,209 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
$90.4K $21.48/SF
− Vacancy
−$9.0K −$2.15/SF
EGI
$81.4K $19.33/SF
− OpEx
−$20.3K −$4.83/SF
NOI
$61.0K $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%
$1,220,520
Cap Rate 7%
$871,800
Cap Rate 9%
$678,067
Alternative Uses
Best Use
Office B
$871.8K
$762.8K – $1.02M
NOI $61,026 @ 7.0% cap · market cap 6.78%
Second Best
Healthcare Medical
$719.5K
$629.6K – $839.5K
NOI $50,367 @ 7.0% cap · market cap 5.60%
Theoretical Best
Multifamily LT 5
$56.04M
$49.04M – $65.39M
NOI $3,923,107 @ 7.0% cap · market cap 435.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 84093, UT
23,609
Population
8,005
Households
2.9
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
4,293
Density / Sq Mi
$132,453
Median Household Income
$53,053
Median Earnings
$2,090
Median Rent
$643,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Medical and office-compatible space includes basement storage and fiber optic connectivity.
Where is this office units located?
The property is located at 7390 S Creek Rd Sandy, UT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,209 SF total, including 2,863 SF of primary space and 1,346 SF of basement storage; Built in 2003; Class A finishes
