Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3300 2300 Salt Lake City, UT 84109

    • Retail properties
    • 1,653 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3300 2300

    Property size
    1,653 SF
    Property type
    Retail properties

    Description

    This exceptional 1,653 square foot retail or office space presents a unique opportunity in the desirable Millcreek submarket of Salt Lake County. Located on a hard corner intersection, this single-tenant property boasts excellent visibility and signage potential, ensuring maximum exposure for your business. The entire 1,653 square feet is currently vacant, providing a blank canvas for your ideal layout and design. The property's classification as retail/office allows for a diverse range of potential uses, catering to businesses requiring both retail storefront and office space. Its strategic location within Millcreek offers access to a thriving community and strong consumer base. This is an ideal space for businesses seeking high visibility and a prominent presence in a rapidly growing area. The property's single-tenant occupancy simplifies management and provides complete control over the space. This turnkey opportunity is perfect for businesses looking to establish a strong foothold in a prime Millcreek location. The high-traffic intersection ensures consistent exposure to potential customers, maximizing the potential for success. Don't miss this chance to secure a highly visible and versatile commercial space in a sought-after area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.825
    Latitude
    40.6998

    Comparable in this City

    • Value Estimation by Request
      30,436 SF

      3171-3285 East Pl

      Lifestyle centers • 30,436 SF
      3171-3285 East Pl, Salt Lake City, UT 84109
      View Details
    • Value Estimation by Request
      3,362 SF

      2945 3300

      Individual retail properties • 3,362 SF
      2945 3300, Salt Lake City, UT 84109
      View Details
    • Value Estimation
      $250,000
      0.03 Acres

      2201 3300th S

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      2201 3300th S, Salt Lake City, UT 84109-2634
      View Details
    • Value Estimation
      $450,000
      0.51 Acres

      2112 2100th S

      RETAIL STORES (PERSONAL SERVICES) • 0.51 Acres
      2112 2100th S, Salt Lake City, UT 84109-1129
      View Details
    • Value Estimation
      $425,000
      4,296 SF

      2302 Parleys Way

      RESTAURANT • 4,296 SF
      2302 Parleys Way, Salt Lake City, UT 84109-1216
      View Details
    • Value Estimation
      $870,000
      16,482 SF

      2645 Parleys Way

      SHOPPING CENTER, STRIP CENTER • 16,482 SF
      2645 Parleys Way, Salt Lake City, UT 84109-1636
      View Details

    Similar Nearby for Sale

    • $2,750,000
      11,000 SF

      Prime Millcreek Retail Showroom

      11,000 SF Storefront, $2.75M
      2827 2300, Millcreek, UT 84109
      View Details
    • Contact for pricing
      3,362 SF

      Salt Lake City Storefront Retail Space

      Prime Retail Location, 3,362 SF
      2945 3300, Salt Lake City, UT 84109
      View Details
    • $1,300,000
      0.30 Acres

      Prime Millcreek Retail Opportunity

      Established Montessori School, High Growth Potential
      2806 3300, Millcreek, UT 84109
      View Details
    • $800,000
      3,362 SF

      Salt Lake City Retail Building

      Retail building for sale with redevelopment potential.
      2943-2945 E 3300 S, Salt Lake City, UT 84109
      View Details
    • $950,000
      1.03 Acres

      Residential Land in Gated Community

      Land in exclusive gated community with panoramic lake and city views.
      2438 S Cannon Pt Dr, Salt Lake City, UT 84109
      View Details
    • $725,000
      0.33 Acres

      Arcadia Heights Buildable Lot

      Buildable lot in Arcadia Heights with panoramic views.
      2253 S Lakeline Cir, Salt Lake City, UT 84109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,436 SF

      Canyon Rim Retail Center Investment

      High-traffic Millcreek retail space available.
      3171-3285 South Brg, Salt Lake City, UT 84109
      View Details
    • $30 SF/Yr
      7,500 SF

      Office or Retail Sublease Opportunity

      Sublease opportunity suitable for office or retail use with signage.
      2210 South East Pl East, Salt Lake City, UT 84109
      View Details
    • Contact for pricing
      917 SF

      Retail Space For Rent

      Retail space available for lease with high traffic counts.
      3225-3285 E 3300 S, Salt Lake City, UT 84109
      View Details
    • Contact for pricing
      20,000 SF

      East Bench Retail Space Available

      20,000 SF retail space with excellent visibility and parking.
      2330 E 3300 S, Salt Lake City, UT 84109
      View Details
    • $26 SF/Yr
      5,734 SF

      Salt Lake City Office Building

      Class A Office, 5,734 sq ft, 12 parking spaces
      2115 Dallin St, Salt Lake City, UT 84109
      View Details
    • $18 SF/Yr
      6,364 SF

      Freestanding Building on 3300 South

      High-visibility office building with ample parking in bustling commercial hub.
      2163 E 3300 S, Salt Lake City, UT 84109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3300 2300
    Salt Lake City, UT 84109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.