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    700 700 Salt Lake City, UT 84116

    For Lease
    $18 SF/Yr

    High-traffic retail center; flexible space options.

    Lot size:
    104,946 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Redwood Plaza, a 104,946 square foot community center in Salt Lake County, offers exceptional retail space for lease. Built in 1987, this established center sits on an 8.8-acre lot and boasts a prime location with easy access to I-215 and I-15 freeways, ensuring high visibility and convenient access for customers. Currently, there are two suites available, with a minimum divisible space of 5,700 square feet and a maximum contiguous space of 8,700 square feet. A total of 14,400 square feet is currently vacant. The property is situated in the Northwest property market. This presents a unique opportunity for businesses seeking a prominent location within a well-established retail center. Additionally, a ground lease pad site is available, allowing for the construction of a building up to 2,500 square feet. This flexible space option caters to a variety of business needs and expansion plans. The high traffic area and excellent freeway access make this property an ideal location for businesses seeking maximum exposure and customer reach. The total retail space within the center is 107,000 square feet. This established center provides a strong foundation for any business looking to thrive in a bustling retail environment.

    Property Features for 700 700

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    104,946 SF
    Total Rate
    157419

    Building Details

    Year Built
    1987

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,700 SF
    Rate per SF
    $18
    Space
    Pad - Ground Lease
    Size
    8,700 SF
    Rate per SF
    $18

    HighLights

    • Ground lease pad site available; 2,500 SF building allowed.
    • High‑traffic location with easy I‑215 and I‑15 access; 107,000 SF total retail space.
    • Northwest Salt Lake County market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Exxon Gas Station UMCOR Office & Depot Non-Profit Organization Sunset Detox Mental Health Service Classic Steel Supply Steel Distributor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.940776
    Latitude
    40.785569

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    FAQs

    What type of property is this?
    Community center - High-traffic retail center; flexible space options.
    Where is this community center located?
    The property is located at 700 700 Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Ground lease pad site available; 2,500 SF building allowed.; High-traffic location with easy I-215 and I-15 access; 107,000 SF total retail space.; Northwest Salt Lake County market.
    Request Owner's contact information
    700 700 Salt Lake City, UT 84116
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    Salt Lake City, UT 84116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 700 Salt Lake City, UT 84116
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