Mixed-Use Investment
7676 State St, Midvale, UT 84047
For Sale
Contact for pricing
Four commercial buildings on 1.29 acres with income potential.
Property Size21,075 SF
Lot Size1.29 Acres
Price / SF$289.44
Days on Market282
Property Features for 7676 State St
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Buildings
Tenancy
Listing Agency:
InterNet Properties Inc
Listed By:
Chris Metos · License UT 8228033-SA00
(801) 879-7870
Source:
Crexi
Added: Feb 2
Changed: Oct 30
Last Checked: Nov 8 at 8:53AM
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 Inc
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Investment Insights
Based on property information with market context.
This investment opportunity comprises four commercial buildings located on two parcels, totaling 1.29 acres. Two of the buildings are flex-style structures, encompassing 40 individual units. These units offer the flexibility to be combined, accommodating current or future tenant expansion needs. The remaining two buildings include a single-family residence and a fully renovated retail space. The retail space is now equipped for restaurant use, featuring a new hood, grease trap, restrooms, flooring, and lighting. The restaurant building has a newly executed 5-year lease. The asset provides immediate in-place cash flow with a current cap rate of approximately 6.3%, with upside potential through rent escalations or repositioning strategies. The property is located in Midvale, UT.
Key Highlights
- Immediate in‑place cash flow with a current cap rate of approximately 6.3%.
- Four commercial buildings on 1.29 acres, offering diverse income streams.
- Two flex‑style buildings with 40 individual units, providing tenant expansion flexibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$330,882
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,617,640
$6.6M
Cap Rate 7%
$4,726,886
$4.7M
Cap Rate 9%
$3,676,467
$3.7M
Market Conditions
NOI Build-Up for 21,075 SF
Gross rent
$538.7K $25.56/SF
− Vacancy
−$29.6K −$1.41/SF
EGI
$509.0K $24.15/SF
− OpEx
−$178.2K −$8.45/SF
NOI
$330.9K $15.70/SF
Area
Salt Lake County, UT
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,617,640
Cap Rate 7%
$4,726,886
Cap Rate 9%
$3,676,467
Alternative Uses
Best Use
Flex RnD
$4.73M
$4.14M – $5.51M
NOI $330,882 @ 7.0% cap · market cap 5.42%
Second Best
Mixed Use
$4.36M
$3.81M – $5.08M
NOI $304,923 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$5.68M
$4.97M – $6.62M
NOI $397,454 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
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Business Placement
Demographics for 84047, UT
37,146
Population
17,221
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
5,804
Density / Sq Mi
$73,120
Median Household Income
$43,845
Median Earnings
$1,482
Median Rent
$404,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Salt Lake County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four commercial buildings on 1.29 acres with income potential.
Where is this mixed-use property located?
The property is located at 7676 State St Midvale, UT.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: Immediate in‑place cash flow with a current cap rate of approximately 6.3%.; Four commercial buildings on 1.29 acres, offering diverse income streams.; Two flex‑style buildings with 40 individual units, providing tenant expansion flexibility.
