Building Details

Building Size 2,006 SF

Year Built 2006

Owner Occupied Yes

Listing Agency: KW WESTFIELD Show Phone

Listed By: Clay Winder · License #6425070 Show Phone

Source: Liftrealty

Added: Oct 15 Changed: Oct 19 Last Checked: Oct 19 at 2:08PM

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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 KW WESTFIELD

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Investment Insights

Based on property information with market context.

This 5,000 SF office condominium in Twin Peaks Office Condominiums combines Suites 203 and 204 into one second-floor professional suite. The layout includes 15 private offices, two meeting rooms, a reception area, and a full kitchen. Granite counters, marble and hardwood flooring, and a fireplace are among the interior features. The building was constructed in 2006 and has elevator service; covered parking and crown signage are available.

The property is in Sandy with access to I-15. The space is offered for sale or lease, with possession anticipated around January 15, 2027.

Key Highlights

• 5,000 SF of second‑floor office space in combined Suites 203 and 204
• 15 private offices, two meeting rooms, reception area, and full kitchen
• Granite counters, marble and hardwood floors, and a fireplace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,495

Cap Rate

7.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,449,900 $1.4M

Cap Rate 7%

$1,035,643 $1.0M

Cap Rate 9%

$805,500 $805.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$107.4K $21.48/SF

− Vacancy

−$10.7K −$2.15/SF

EGI

$96.7K $19.33/SF

− OpEx

−$24.2K −$4.83/SF

NOI

$72.5K $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%

$1,449,900

Cap Rate 7%

$1,035,643

Cap Rate 9%

$805,500

Alternative Uses

Best Use

Office B

$1.04M

$906.2K – $1.21M (±1% cap)

NOI $72,495 @ 7.0% cap · market cap 7.63%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$66.58M

$58.25M – $77.67M (±1% cap)

NOI $4,660,379 @ 7.0% cap · market cap 490.57%

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

Fidelity Transfer Company Financial Advisor Fort Union Family ... Dental Office Stavros Law P.C. Law Firm ACEC Utah Association / Organization DDS Todd Larsen Dental Office

Suggested Use

Top Pick Building Supply Hotel & Motel Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

877

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - The combined professional suite has meeting rooms, reception space, a full kitchen, elevator service, and covered parking.

Where is this office unit located?

The property is located at 8915 S 700 E Unit 203 Sandy, UT.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 5,000 SF of second‑floor office space in combined Suites 203 and 204; 15 private offices, two meeting rooms, reception area, and full kitchen; Granite counters, marble and hardwood floors, and a fireplace