Medical Office Redevelopment
462 E 100 S Salt Lake City, UT 84111
462 E 100 S, Salt Lake City, UT, 84111
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For Sale
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Vacant medical office building for sale with redevelopment potential.
Property Size4,450 SF
Lot Size0.18 Acres
Price / SF$191.01
Days on Market1101
Property Features for 462 E 100 S
General Information
- Standard status
- Active
- Size
- 4,450 SF
- Lot size
- 0.18 Acres
- Property subtype
- Land, Office
Listing agency
Colliers - Salt Lake City, Utah
(801) 947-8363
Listed by
Tanner Riedel · License #10579188-SA00
Source
Crexi
Added: Jul 19, 2023 Updated: Jul 10 at 3:44PM Checked: Jul 22 at 5:58PM
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 Colliers - Salt Lake City, Utah
Investment Insights
Based on property information with market context.
This property presents an opportunity for an owner-user or redevelopment project. It features a 4,450 square foot vacant medical office building situated on 0.18 acres of land. The site may accommodate the construction of up to 18 apartment units, although prospective buyers should independently verify this potential. The property is located in Salt Lake City, UT.
Key Highlights
- Vacant 4,450 SF medical office building
- Redevelopment opportunity
- 0.18 acres of land
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.6k | $21.48 |
| − Vacancy | −$9.6k | −$2.15 |
| EGI | $86.0k | $19.33 |
| − OpEx | −$21.5k | −$4.83 |
| NOI | $64.5k | $14.50 |
4,450 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$921.7K
$806.5K – $1.08M
NOI $64,521 @ 7.0% cap · market cap 7.59%
Second Best
Healthcare Medical
$898.7K
$786.4K – $1.05M
NOI $62,911 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,923 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mortensen Spencer D ...
Physician
Spencer David Mortensen
Physician
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FAQs
What type of property is this?
Medical Office Space - Vacant medical office building for sale with redevelopment potential.
Where is this medical office space located?
The property is located at 462 E 100 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Vacant 4,450 SF medical office building; Redevelopment opportunity; 0.18 acres of land
