Second-Floor Office
8915 South 700 East, Sandy, UT 84070
For Sale
Contact for pricing
Condominium ownership provides a defined office unit within the Twin Peaks office complex.
Property Size5,000 SF
Price / SF$190
Days on Market26
Property Features for 8915 South 700 East
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Listing Agency:
KW Commercial KW Westfield Keller Williams Real Estate
Listed By:
Clay Winder · License #UT 342843SA00
(801) 358-0970
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 5:46PM
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 Commercial KW Westfield Keller Williams Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium offers 5,000 SF on the second floor of Twin Peaks Office Condominiums. The property is offered for sale as an individually owned office unit.
Key Highlights
- 5,000 SF of second‑floor office space
- Office condominium ownership
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
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
NOI $72,495 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,295 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,041
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
Properties on Market for Office Units in Salt Lake County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Condominium ownership provides a defined office unit within the Twin Peaks office complex.
Where is this office unit located?
The property is located at 8915 South 700 East 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; Office condominium ownership
