Salt Lake City Office
For Sale
Contact for pricing
1890 S 3850 W, Salt Lake City, UT 84104
57,330 SF office building for sale.
Property Size57,330 SF
Price / SF$174.43
Days on Market1068
Property Features for 1890 S 3850 W
General Information
Standard status
Active
Size
57,330 SF
Class
C
Property subtype
Office
Lease Type
Gross
Building Details
Tenancy
Multi
Listing Agency:
NAI Excel
Listed By:
Jim McLachlan · License #UT 7216473-SA00
(801) 619-2707
Source:
Crexi
Added: Nov 14, 2023
Changed: Oct 2
Last Checked: Oct 16 at 7:09AM
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 NAI Excel
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 57,330 square foot office building located in Salt Lake City, Utah. The property is available for sale.
Key Highlights
- Office Building For Sale
- 57,330 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$831,228
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,624,560
$16.6M
Cap Rate 7%
$11,874,686
$11.9M
Cap Rate 9%
$9,235,867
$9.2M
Market Conditions
NOI Build-Up for 57,330 SF
Gross rent
$1.23M $21.48/SF
− Vacancy
−$123.1K −$2.15/SF
EGI
$1.11M $19.33/SF
− OpEx
−$277.1K −$4.83/SF
NOI
$831.2K $14.50/SF
Area
Salt Lake City, 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%
$16,624,560
Cap Rate 7%
$11,874,686
Cap Rate 9%
$9,235,867
Alternative Uses
Best Use
Office B
$11.87M
$10.39M – $13.85M
NOI $831,228 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.45M
$13.51M – $18.02M
NOI $1,081,187 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Office building - 57,330 SF office building for sale.
Where is this office building located?
The property is located at 1890 S 3850 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Office Building For Sale; 57,330 SF
