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    645 400 Salt Lake City, UT 84102

    For Lease
    $22 SF/Yr

    17,290 SF Retail Space Available

    Lot size:
    17,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 17,290-square-foot retail space is available for sublease in Salt Lake City, Utah. Located at 645 E 400 S, 84102, this single-tenant property boasts a prime location in a high-traffic retail area. The property benefits from excellent visibility and accessibility, with pylon signage available for enhanced brand recognition. Its strategic placement offers convenient proximity to UTA TRAX stations, ensuring easy access for customers utilizing public transportation. Traffic counts are substantial, with 36,009 ADT on 700 East and 21,380 ADT on 400 South, indicating a high volume of potential customers. The current lease, executed in July 2015, features an original ten-year term with two five-year options. The property is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a well-situated retail space in a thriving commercial area. The cap rate is 0%. This information is provided as is and should be independently verified.

    Property Features for 645 400

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,290 SF
    Total Rate
    31698.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    17,290 SF
    Rate per SF
    $22

    HighLights

    • Pylon signage available.
    • Excellent proximity to UTA TRAX stations.
    • 0% cap rate.
    • High‑traffic retail location.
    • High traffic counts: 36,009 ADT on 700 East and 21,380 ADT on 400 South.
    • Lease executed July 2015, 10‑year term with two 5‑year options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    F45 Training 400 ... Gym Block Advisors Tax Preparation Service

    Suggested Use

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

    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
    -111.8724156
    Latitude
    40.7616681

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    FAQs

    What type of property is this?
    Retail property - 17,290 SF Retail Space Available
    Where is this retail property located?
    The property is located at 645 400 Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Pylon signage available.; Excellent proximity to UTA TRAX stations.; 0% cap rate.
    Request Owner's contact information
    645 400 Salt Lake City, UT 84102
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    Salt Lake City, UT 84102
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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
    645 400 Salt Lake City, UT 84102
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