Updated Office Condo
For Sale
Contact for pricing
9270-9362 S 700 E, Sandy, UT 84070
Refreshed office condominium units with on-site and off-site parking and access to major roads and public transportation.
Property Size54,128 SF
Price / SF$285
Days on Market571
Property Features for 9270-9362 S 700 E
General Information
Standard status
Active
Size
54,128 SF
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Building Details
Parking Ratio
4 per 1,000 SF
Listing Agency:
InterNet Properties
(801) 355-0600
Listed By:
Brook Hintze · License #11315864-SA00
(801) 860-1515
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Oct 7
Last Checked: Oct 14 at 10:50PM
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 InterNet Properties
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Investment Insights
Based on property information with market context.
The property comprises updated office condominium units totaling 54,128 square feet. Interior and exterior improvements provide a refreshed presentation for office users, with the units offered for sale or lease.
Located at 9270-9362 S 700 E in Sandy, Utah, the property offers access to major roads, public transportation, and nearby amenities. Parking is available on site and off site at a ratio of 4 spaces per 1,000 square feet.
Located at 9270-9362 S 700 E in Sandy, Utah, the property offers access to major roads, public transportation, and nearby amenities. Parking is available on site and off site at a ratio of 4 spaces per 1,000 square feet.
Key Highlights
- 54,128 square feet of office condominium space
- Updated interior and exterior finishes
- On‑site and off‑site parking at a 4/1,000 ratio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$784,802
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,696,040
$15.7M
Cap Rate 7%
$11,211,457
$11.2M
Cap Rate 9%
$8,720,022
$8.7M
Market Conditions
NOI Build-Up for 54,128 SF
Gross rent
$1.16M $21.48/SF
− Vacancy
−$116.3K −$2.15/SF
EGI
$1.05M $19.33/SF
− OpEx
−$261.6K −$4.83/SF
NOI
$784.8K $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%
$15,696,040
Cap Rate 7%
$11,211,457
Cap Rate 9%
$8,720,022
Alternative Uses
Best Use
Office B
$11.21M
$9.81M – $13.08M
NOI $784,802 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$720.73M
$630.64M – $840.86M
NOI $50,451,398 @ 7.0% cap · market cap 327.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,265
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Refreshed office condominium units with on-site and off-site parking and access to major roads and public transportation.
Where is this office units located?
The property is located at 9270-9362 S 700 E Sandy, UT.
What is the asking price?
The asking price for this property is $15,426,480.
What are key features of this property?
This property features: 54,128 square feet of office condominium space; Updated interior and exterior finishes; On‑site and off‑site parking at a 4/1,000 ratio
