First-Floor Medical Office
For Sale
Contact for pricing
Pending
8915 South 700 East Ste 101, Sandy, UT 84094
First-floor, ADA-accessible suite with covered parking and Google Fiber connectivity, available July 1, 2026.
Property Size1,960 SF
Days on Market82
Property Features for 8915 South 700 East Ste 101
General Information
Standard status
Pending
Size
1,960 SF
Class
A
Property subtype
Office
Listing Agency:
Commercial Real Estate Specialists
Listed By:
Kellen Koncar · License #UT 8731113-SA00
(801) 824-1311
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Jul 24 at 2:23PM
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 Commercial Real Estate Specialists
Investment Insights
Based on property information with market context.
This first-floor office suite offers ADA accessibility and is located in the Twin Peaks Professional Building. The available unit is supported by covered parking stalls and includes additional parking for a total of five stalls, with 1,000 square feet of space referenced in the listing.
The property is connected to Google Fiber and is described as having excellent access to I-15, with a stated 5-minute drive time. Tenants in the building include insurance offices, financial offices, and medical/dental offices, reflecting a professional mix within the property.
Available July 1, 2026, the suite’s layout and access features make it a practical option for an office user seeking straightforward building-level entry and on-site parking.
The property is connected to Google Fiber and is described as having excellent access to I-15, with a stated 5-minute drive time. Tenants in the building include insurance offices, financial offices, and medical/dental offices, reflecting a professional mix within the property.
Available July 1, 2026, the suite’s layout and access features make it a practical option for an office user seeking straightforward building-level entry and on-site parking.
Key Highlights
- 1,960 RSF first‑floor suite in the Twin Peaks Professional Building
- ADA accessible and available starting July 1, 2026
- Covered parking for 2 vehicles plus 5 parking stalls total (1,000 SF parking ratio noted)
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
$28,418
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
6.53%
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%
$568,360
$568.4K
Cap Rate 7%
$405,971
$406.0K
Cap Rate 9%
$315,756
$315.8K
Market Conditions
NOI Build-Up for 1,960 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
$42.1K $21.48/SF
− Vacancy
−$4.2K −$2.15/SF
EGI
$37.9K $19.33/SF
− OpEx
−$9.5K −$4.83/SF
NOI
$28.4K $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%
$568,360
Cap Rate 7%
$405,971
Cap Rate 9%
$315,756
Alternative Uses
Best Use
Office B
$406.0K
$355.2K – $473.6K
NOI $28,418 @ 7.0% cap · market cap 6.53%
Second Best
Healthcare Medical
$335.1K
$293.2K – $390.9K
NOI $23,454 @ 7.0% cap · market cap 5.39%
Theoretical Best
Multifamily LT 5
$26.10M
$22.84M – $30.45M
NOI $1,826,869 @ 7.0% cap · market cap 419.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84094, UT
28,751
Population
9,715
Households
3
Avg Household Size
36
Median Age
39%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
5,637
Density / Sq Mi
$102,881
Median Household Income
$49,562
Median Earnings
$1,851
Median Rent
$474,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor, ADA-accessible suite with covered parking and Google Fiber connectivity, available July 1, 2026.
Where is this medical office space located?
The property is located at 8915 South 700 East Ste 101 Sandy, UT.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,960 RSF first‑floor suite in the Twin Peaks Professional Building; ADA accessible and available starting July 1, 2026; Covered parking for 2 vehicles plus 5 parking stalls total (1,000 SF parking ratio noted)
