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    Property profile & analytics
    OFF-MARKET Estimated value $1,275,000
    Community centers

    1400 Foothill Dr, Salt Lake City, UT 84108-2327

    21,902 SF 0.83 ac lot Built 1988
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US86-0540162
    Property summary
    AI-generated overview

    Foothill Village, located at 1400 Foothill Dr, Salt Lake City, UT 84108, offers a unique opportunity to lease office space in a prime location. This three-building complex boasts 80 total suites across three stories, with 44,337 square feet currently vacant. The property features a variety of office space options suitable for traditional, medical, creative, or executive businesses, ranging from 937 to 6,893 square feet. Recently renovated in 2024, the property includes a newly remodeled parking garage and is undergoing an exterior façade remodel expected to be completed in December 2024. The property benefits from a highly desirable location on the East Bench, with close proximity to the University of Utah, Research Park, and University Hospital Network. The surrounding area demonstrates strong demographics, including 206,057 employees within a 15-minute drive time, 33% of residents within a 1-mile radius commuting less than 15 minutes to work, 25% of households within 1 mile having an income over $200,000, and 57% of homes within 1 mile valued over $500,000. The Net Net Net (NNN) fee is $8.06 per square foot. Multiple tenancy options are available. This is an exceptional opportunity for businesses seeking high-quality office space in a thriving Salt Lake City neighborhood.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1988
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 21,902 SF
    Lot 0.83 ac (36,155 SF)
    Zoning code CS
    APN 16-15-126-018
    UPID US86-0540162
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ALL FITNESS GADGETS Big Box & Wholesale Store
    • East West Connection Restaurant
    • Dr. Ralph Lee Sorbonne Dental Office
    • Denny N. Cho, DDS. Dental Office
    • Hi Sushi Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.13M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.42M
    Blend (final) Blend
    $1.28M
    Owner & transaction history
    Ap Foothill Village LLC · 4 yrs held
    Ap Foothill Village LLC
    since 2021
    6 recorded transactions
    2024
    2021
    2021
    2021
    2021
    2000
    Zoning & alternative use
    CS · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $2.0M +93.0%
    Auto repair, garage $1.7M +66.0%
    Warehouse, storage $1.2M +16.5%
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