Warm Shell Office
For Sale
Contact for pricing
8327 S State St, Sandy, UT 84070
Office building built in 2022 delivered in warm shell condition for an owner-user or tenant buildout.
Property Size9,878 SF
Price / SF$278.40
Days on Market1292
Property Features for 8327 S State St
General Information
Standard status
Active
Size
9,878 SF
Property subtype
OFFICE
Building Details
Year Built
2022
Listing Agency:
JLL | Salt Lake City
(801) 456-9510
Listed By:
David Nixon · License #UT 8606046-SA00
(801) 456-9518
Source:
Moodyscre
Added: Apr 21, 2023
Changed: Oct 25
Last Checked: Nov 1 at 4:19AM
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 JLL | Salt Lake City
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Investment Insights
Based on property information with market context.
Built in 2022, this office building is offered in warm shell condition, providing a partially finished interior suitable for customization to fit your specific requirements. The property is positioned for owner-user occupancy within a new mixed-use development area described as offering high exposure.
Located at 8327 S State St in Sandy, UT 84070, the building benefits from a prominent setting in an active development corridor. This is a straightforward option for a business looking to acquire a newer office asset and tailor the space after closing.
Located at 8327 S State St in Sandy, UT 84070, the building benefits from a prominent setting in an active development corridor. This is a straightforward option for a business looking to acquire a newer office asset and tailor the space after closing.
Key Highlights
- Office building built in 2022
- Delivered in warm shell condition for an owner‑user or tenant buildout
- High exposure in a new mixed‑use development area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,221
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,864,420
$2.9M
Cap Rate 7%
$2,046,014
$2.0M
Cap Rate 9%
$1,591,344
$1.6M
Market Conditions
NOI Build-Up for 9,878 SF
Gross rent
$212.2K $21.48/SF
− Vacancy
−$21.2K −$2.15/SF
EGI
$191.0K $19.33/SF
− OpEx
−$47.7K −$4.83/SF
NOI
$143.2K $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 Rate 5%
$2,864,420
Cap Rate 7%
$2,046,014
Cap Rate 9%
$1,591,344
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,221 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$131.53M
$115.09M – $153.45M
NOI $9,207,045 @ 7.0% cap · market cap 334.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
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Business Placement
Demographics for 84070, UT
30,885
Population
12,212
Households
2.5
Avg Household Size
34
Median Age
36%
College-Educated
93%
High-School Grad
7.3 sq mi
ZIP Area
4,231
Density / Sq Mi
$79,414
Median Household Income
$44,013
Median Earnings
$1,578
Median Rent
$429,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building built in 2022 delivered in warm shell condition for an owner-user or tenant buildout.
Where is this office building located?
The property is located at 8327 S State St Sandy, UT.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Office building built in 2022; Delivered in warm shell condition for an owner‑user or tenant buildout; High exposure in a new mixed‑use development area
