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    8327 State St Sandy, UT 84070

    Sponsored
    For Sale
    $2,900,000

    9,878 SF Multi-Tenant Opportunity

    Property size:
    9,878 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,878 square foot, two-story Class B office and retail building, located at 8327 S State St in Sandy, Utah, presents a unique investment or owner-user opportunity. Built in 2022, the property is currently a shell space, offering significant flexibility for customization. The building is divisible into eight separate suites, with the first floor comprising 4,918 square feet (divisible from 977 to 4,918 SF) and the second floor offering 4,960 square feet (divisible from 930 to 4,960 SF). The property sits on a 0.57-acre lot and includes 64 parking spaces. Zoned MU, it allows for a variety of uses, including executive office, pharmacy/drug store, and restaurant. The asking price is $2,900,000 ($293/SF), representing a compelling value in this prime Sandy location. A lease option is available at $25.00/SF/YR NNN (~$7.00/SF). The property's shell condition allows for complete tenant build-out, maximizing return on investment. The potential for condominium conversion adds further value. The building enjoys high visibility in a new mixed-use development area, ensuring strong tenant appeal. The adjacent parking lot is also potentially available for purchase, expanding parking capacity. This property offers a rare combination of size, flexibility, and location, making it an ideal investment for both owner-users and investors seeking a high-return opportunity. The occupancy date is March 1, 2024. The fee simple absolute ownership provides complete control and long-term value.

    Property Features for 8327 State St

    General Information

    Property type
    Restaurants
    Square Feet
    9,878 SF
    Class
    B
    Lot Size
    24,829 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • 9,878 SF Class B office/retail building for sale or lease at 8327 S State St, Sandy, UT.
    • Two‑story building with 4,918 SF first floor (divisible from 977‑4,918 SF) and 4,960 SF second floor (divisible from 930‑4,960 SF).
    • Divisible into eight separate suites.
    • $2,900,000 sale price ($293/SF); $25/SF/YR NNN lease rate (~$7/SF).
    • Built in 2022, shell condition.
    • Condominium conversion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8866683
    Latitude
    40.5749102

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    FAQs

    What type of property is this?
    Restaurant - 9,878 SF Multi-Tenant Opportunity
    Where is this restaurant located?
    The property is located at 8327 State St Sandy, UT.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 9,878 SF Class B office/retail building for sale or lease at 8327 S State St, Sandy, UT.; Two-story building with 4,918 SF first floor (divisible from 977-4,918 SF) and 4,960 SF second floor (divisible from 930-4,960 SF).; Divisible into eight separate suites.
    Request Owner's contact information
    8327 State St Sandy, UT 84070
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    Sandy, UT 84070
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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
    8327 State St Sandy, UT 84070
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