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    1941 S 1100 E Salt Lake City, UT 84106

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    1941 S 1100 E Salt Lake City, UT 84106

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    • Strip malls
    • 10,976 SF
    • 0.17 lot acres
    For Lease
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    Sugarhouse Retail and Office Space For Lease
    Contact for pricing
    9,694 SF

    Sugarhouse Retail and Office Space

    Retail and office spaces for lease in Sugarhouse area.

    1941 S 1100 E, Salt Lake City, UT 84106
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    Property ID
    US86-0332537
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Smith-Crown Co. / Home Appliance Store / (Bike/Boat/Book/etc) Store
    • Mike's Central Vac / Factory / Industrial Manufacturer
    • Fashion Packaging / (Bike/Boat/Book/etc) Store
    • Mike's Central Vacuum / Home Appliance Store / (Bike/Boat/Book/etc) Store

    Property Details for 1941 S 1100 E

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    10,976 SF
    Zone code
    CB
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16-17-457-003
    APU
    1617457003

    Description

    The Peacock Building, located at 1941 S 1100 E in Salt Lake City, Utah, presents a unique opportunity for businesses seeking creative office or retail space. This Class B building, situated in the vibrant Sugarhouse neighborhood (zip code 84106), offers a single-tenant occupancy option, perfect for a company seeking a substantial footprint, or the potential for multi-tenant use. The property is classified as both retail and office, providing flexibility for a variety of uses. Its location in Salt Lake County offers excellent access to major transportation routes and amenities. The building is currently ready for improvements, allowing a new owner or tenant to customize the space to their exact specifications. This presents a chance to create a truly unique and functional workspace tailored to the needs of a modern business. The building's prime location within Sugarhouse ensures high visibility and accessibility for clients and employees alike. This is an exceptional opportunity to acquire a versatile property in a thriving Salt Lake City neighborhood. The property is situated at latitude 40.728 and longitude -111.859. Serious inquiries are encouraged to explore the potential of this adaptable and well-positioned commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.859
    Latitude
    40.728
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,052
    $252,700
    $1,371,000
    $1,623,700
    -
    $252,700
    $1,371,000
    $1,623,700

    Comparable in this City

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      $1,385,000
      20,930 SF

      2104 700th E

      SHOPPING CENTER, STRIP CENTER • 20,930 SF
      2104 700th E, Salt Lake City, UT 84106-1834
      View Details
    • Value Estimation
      $845,000
      13,068 SF

      3130 Highland Dr

      SHOPPING CENTER, STRIP CENTER • 13,068 SF
      3130 Highland Dr, Salt Lake City, UT 84106-3095
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    • Value Estimation by Request
      6,262 SF

      1250 Brickyard Rd

      SHOPPING CENTER, STRIP CENTER • 6,262 SF
      1250 Brickyard Rd, Salt Lake City, UT 84106
      View Details
    • Value Estimation
      $670,000
      13,326 SF

      2148 900th E

      SHOPPING CENTER, STRIP CENTER • 13,326 SF
      2148 900th E, Salt Lake City, UT 84106-2379
      View Details
    • Value Estimation by Request
      5,587 SF

      788 3300th S

      SHOPPING CENTER, STRIP CENTER • 5,587 SF
      788 3300th S, Salt Lake City, UT 84106-1561
      View Details
    • Value Estimation
      $775,000
      11,476 SF

      1295 Miller Ave

      SHOPPING CENTER, STRIP CENTER • 11,476 SF
      1295 Miller Ave, Salt Lake City, UT 84106-4394
      View Details

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      Salt Lake City 7-Eleven

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      Historic Millcreek Retail/Restaurant Opportunity

      6,610 SF building ideal for retail or restaurant use.
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      South Salt Lake Development Site

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    Similar Nearby for Lease

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      1,600 SF

      Sugarhouse Retail Space For Rent

      1,600 SF retail space in the heart of Sugarhouse.
      1991 S 1100 E, Salt Lake City, UT 84106
      View Details
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      Mixed-Use Development for Lease

      Mixed-use property with multifamily, office, and retail spaces available.
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      Millcreek Retail Space for Lease

      Retail space available in a walkable Millcreek location.
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      Sugar House Retail Spaces Available

      Retail spaces for lease in Salt Lake City's Sugar House.
      675 E 2100 S, Salt Lake City, UT 84106
      View Details
    • $24 SF/Yr
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      Retail/Office Space For Rent

      Second level retail or office space available for lease.
      959 3300 S, Salt Lake City, UT 84106
      View Details
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      2,690 SF

      Retail Opportunity on Highland Drive

      Retail space available in walkable Salt Lake City location.
      2280 S Highland Dr, Salt Lake City, UT 84106
      View Details
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    Salt Lake City, UT 84106
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    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
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