Two-Story Bar & Pub
For Sale
$1,250,000
837 E 2100 S, Salt Lake City, UT 84106
MU-5 zoning, a full kitchen hood, walk-in refrigeration, and patio space define this food-and-beverage property.
Property Size3,046 SF
Lot Size0.24 Acres
Price / SF$410.37
Days on Market36
Property Features for 837 E 2100 S
General Information
Standard status
Active
Size
3,046 SF
Total Parking Spaces
6
Lot size
0.24 Acres
Zoning
MU-5
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Asking Price
$1,250,000
Highway Access
Yes
Building Details
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
CRE Specialists, LLC
(801) 876-6070
Listed By:
Justin Welch · License #6561454-PB00
Source:
Liveutah
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 28 at 4:23PM
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 CRE Specialists, LLC
Investment Insights
Based on property information with market context.
This two-level bar and pub property contains approximately 3,046 square feet, with about 1,773 square feet on the main floor and 1,273 square feet upstairs. The building is in grey shell condition and includes a walk-in cooler, walk-in freezer, and full kitchen hood. Approximately 1,400 square feet of patio area extends along 2100 S. The 1960 building has zero-lot-line construction and configuration, with six surface parking spaces.
Located at 837 E 2100 S in Salt Lake City, the property offers access to I-15 and carries MU-5 zoning. Its existing kitchen and refrigeration infrastructure provide concrete building features for a bar, pub, or restaurant use.
Located at 837 E 2100 S in Salt Lake City, the property offers access to I-15 and carries MU-5 zoning. Its existing kitchen and refrigeration infrastructure provide concrete building features for a bar, pub, or restaurant use.
Key Highlights
- Approximately 3,046 SF across two floors: 1,773 SF main floor and 1,273 SF second floor
- Approximately 1,400 SF of patio space along 2100 S
- Walk‑in cooler, walk‑in freezer, and full kitchen hood in place
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
$50,784
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
4.06%
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%
$1,015,680
$1.0M
Cap Rate 7%
$725,486
$725.5K
Cap Rate 9%
$564,267
$564.3K
Market Conditions
NOI Build-Up for 3,046 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
$69.4K $22.80/SF
− Vacancy
−$1.7K −$0.57/SF
EGI
$67.7K $22.23/SF
− OpEx
−$16.9K −$5.56/SF
NOI
$50.8K $16.67/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$22.80 /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%
$1,015,680
Cap Rate 7%
$725,486
Cap Rate 9%
$564,267
Alternative Uses
Best Use
Specialty Retail
$725.5K
$634.8K – $846.4K
NOI $50,784 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$820.6K
$718.1K – $957.4K
NOI $57,445 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,902
Businesses Nearby
219k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Dining 33%
Apparel 12%
Shops & Services 5%
Trader Joe's
Groceries
55,465 visits/mo
0.3 miles
Smith's
Groceries
40,671 visits/mo
0.3 miles
McDonald's
Dining
21,445 visits/mo
0.2 miles
Deseret Industries
Apparel
21,032 visits/mo
0.1 miles
Buffalo Wild Wings
Dining
10,687 visits/mo
0.5 miles
Demographics for 84106, UT
35,892
Population
16,782
Households
2.1
Avg Household Size
35
Median Age
57%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
5,982
Density / Sq Mi
$94,452
Median Household Income
$56,358
Median Earnings
$1,576
Median Rent
$529,100
Median Home Value
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cinemark Sugarhouse — 2227 S Highland Dr, Salt Lake City, UT 84106
- Olive Garden Italian Restaurant — 2272 S 1300 E, Salt Lake City, UT 84106
- Starbucks — 922 E 2100 S, Salt Lake City, UT 84106
- Trolley Wing Co. — 2148 S 900 E #5, Salt Lake City, UT 84106
- Scovilles — 2121 S McClelland St Suite # 101, Salt Lake City, UT 84106
Frequently Asked Questions
What type of property is this?
Bar & Pub - MU-5 zoning, a full kitchen hood, walk-in refrigeration, and patio space define this food-and-beverage property.
Where is this bar & pub located?
The property is located at 837 E 2100 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 3,046 SF across two floors: 1,773 SF main floor and 1,273 SF second floor; Approximately 1,400 SF of patio space along 2100 S; Walk‑in cooler, walk‑in freezer, and full kitchen hood in place
